islamic

ISR Module of Islamic Banking


The Income Sharing Ratio (ISR) is a unique module for income distribution among the Mudaraba Depositors, where the rate of profit is directly linked to the investment income of Islamic Banking operations. According to this module, Bank Asia Islamic Banking does not offer any kind of Fixed Rate or Provisional Rate to the depositor; but only can offer an Income Sharing Ratio (ISR) which will work out the profit rate from our Investment at the end of each month. The rate of profit, in our case, is an output (result), not input. For example, the ISR of ‘Depositor/ Client: Bank = 70:30’ means that 70% of distributable investment income is to be shared by the concerned depositors and the rest 30% to be shared by the Bank.

The ISR between each type of Mudaraba depositor (Sahib al Mal) and the Bank (Mudarib) are duly disclosed at the time of account opening or at the beginning of the concerned period. Profit rate is emerged at actual, as derived from the concerned income fetched from deployment of the concerned fund. In other words, our rate of profit on deposit under Islamic Banking is nothing but a post facto expression of the respective agreed ratios.

 

The present ISR on Mudaraba deposits is as follows ( August 1st, 2023 ):

Name of the Product Distributable Investment Income Sharing Ratio (ISR)
Client Bank
Mudaraba Term Deposit Account (MTDA)    
1 1 Month tenure 50 50
2 2 Month tenure 50 50
3 3 Month tenure (Individual) 90 10
4 3 Month tenure (Institutional)
Below Tk. 1 Crore
80 20
5 3 Month tenure (Institutional)
Tk. 1 Crore & Below 10 Crore
86 14
6 3 Month tenure (Institutional)
Tk. 10 Crore & Above
86 14
7 6 Month tenure (Individual) 90 10
8 6 Month tenure   (Institutional) 86 14
9 1 Year- tenure (Individual) 90 10
10 1 Year- tenure (Institutional) 90 10
11 2 Year-tenure (Individual) 90 10
12 2 Year-tenure (Institutional) 90 10
13 3 Year-tenure (Individual) 90 10
14 3 Year-tenure (Institutional) 90 10
15 4 Year-tenure (Individual) 90 10
16 4 Year-tenure (Institutional) 90 10
17 5 Year-tenure (Individual) 90 10
18 5 Year-tenure (Institutional) 90 10
Corporate Term Deposit Account (CTDA)   [Institutional deposit only)
1 3 month tenure (Tk. 1 Crore and below 10 Crore) 86 14
2 3 month tenure (Tk. 10 Crore and above) 88 12
3 6 month tenure (Tk. 1 Crore and below 10 Crore) 88 12
4 6 month tenure (Tk. 10 Crore and above) 90 10
5 1 Year tenure  (Tk. 1 Crore and below 10 Crore) 90 10
6 1 Year tenure  (Tk. 1 Crore and below Above) 90 10
Mudaraba Monthly Profit Paying Deposit  Scheme (MMPPDS)
1 1 year tenure 85 15
2 2 year tenure 85 15
3 3 Year – 5 Years 90 10
Name of the Product Distributable Investment Income Sharing Ratio (ISR)
Client Bank
Mudaraba Deposit Pension Scheme (MDPS) : 3 Years - 12 Years 85 15
Mudaraba Hajj Savings Scheme (MHSS) : 1 Years - 10 Years 90 10
Cash Waqf 90 10
Mudaraba Savings Account (MSA) 45 55
Mudaraba Savings Account-Staff (MSA-Staff) 45 55
Mudaraba Corporate Privilege Savings Account (MCPSA) 45 55
Mudaraba Special Notice Deposit Account (MSND) 40 60
Smart Junior Saver (School Banking) Account 50 50
     

 

Effective date of new ISR for newly opened : 1st August, 2023.


Historical Rate of Profit


Year Title Details
2024 Month wise Annualized Profit Rate - 2024
2023 Month wise Annualized Profit Rate - 2023
2022 Month wise Annualized Profit Rate - 2022
2021 Month wise Annualized Profit Rate - 2021 (From August 2021)
2021 Month wise Annualized Profit Rate - 2021
2020 Month wise Annualized Profit Rate - 2020
2019 Month wise Annualized Profit Rate - 2019
2018 Month wise Annualized Profit Rate - 2018
2017 Month wise Annualized Profit Rate - 2017
2016 Month wise Annualized Profit Rate - 2016
2015 Month wise Annualized Profit Rate - 2015

Last month's Rate of Profit


Rate of Profit - February 2024

 

Sl. Mudaraba Saving Accounts Tenure Annualized Profit Rate
01 Mudaraba Savings Account (MSA) - 4.00%
02 Mudaraba Savings Account-Staff (MSA-Staff) - 4.00%
03 Mudaraba Corporate Privileged Savings Account (MCPSA) - 4.00%
04 Mudaraba Savings Account (MSA - Smart) - 4.00%
05 Mudaraba Special Notice Deposit Account (MSNDA) - 3.56%
06 Smart Junior Saver (School Banking) Account - 4.45%
Sl. Mudaraba Deposit Schemes Tenure Annualized Profit Rate
01 Mudaraba Hajj Savings Scheme(MHSS) 1 to 10 years 8.01%
02 Mudaraba Deposit Pension Scheme(MDPS) 3 to 12 years 7.56%
03 Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) 1 Year 7.56%
04 Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) 2 Years 7.56%
05 Mudaraba Monthly Profit Paying Deposit Scheme (MMPPDS) 3 to 5 Years 8.01%
06 Cash Waqf Perpetual 8.01%
Sl. Mudaraba Term Deposits Tenure Annualized Profit Rate
01 Mudaraba Term Deposit Accounts 1 Month 4.45%
02 Mudaraba Term Deposit Accounts 2 Months 4.45%
03 Mudaraba Term Deposit Accounts ( Individual)  3 Months 8.01%
04 Mudaraba Term Deposit Accounts(Institutional) 3 Months (Below Tk.1 Crore) 7.12%
05 Mudaraba Term Deposit Accounts(Institutional) 3 Months (Tk.1 Crore & below 10 Crore) 7.65%
05 Mudaraba Term Deposit Accounts(Institutional) 3 Months (Tk.10 Crore &above) 7.83%
06 Mudaraba Term Deposit Accounts( Individual)     6 Months 8.01%
07 Mudaraba Term Deposit Accounts(Institutional)     6 Months 7.65%
08 Mudaraba Term Deposit Accounts( Individual) 1 Year 8.01%
09 Mudaraba Term Deposit Accounts(Institutional) 1 Year 8.01%
10 Mudaraba Term Deposit Accounts( Individual) 2 Year 8.01%
11 Mudaraba Term Deposit Accounts(Institutional) 2 Year 8.01%
12 Mudaraba Term Deposit Accounts( Individual) 3 Year 8.01%
13 Mudaraba Term Deposit Accounts(Institutional) 3 Year 8.01%
14 Mudaraba Term Deposit Accounts( Individual) 4 Year 8.01%
15 Mudaraba Term Deposit Accounts (Institutional) 4 Year 8.01%
16 Mudaraba Term Deposit Accounts( Individual) 5 Year 8.01%
17 Mudaraba Term Deposit Accounts(Institutional) 5 Year 8.01%
 
Sl. Corporate Term Deposit Account (CTDA)   [Institutional deposit only] Tenure Annualized Profit
01 3 month tenure (Tk. 1 Crore and below 10 Crore) 3 Months 7.65%
02 3 month tenure (Tk. 10 Crore and above) 3 Months 7.83%
03 6 month tenure (Tk. 1 Crore and below 10 Crore)   6 Months 7.83%
04 6 month tenure (Tk. 10 Crore and above)   6 Months 8.01%
05 1 Year tenure  (Tk. 1 Crore and below 10 Crore) 1 Year 8.01%
06 1 Year tenure  (Tk. 10 Crore and above) 1 Year 8.01%

Investors Relationship Contact Person

Contact Person : Mohammed Monzur Morshed Bhuiyan
Telephone Number : +88 02- 47110062, 47110247, 47113867, 47110278, 47110173, 47115813, Ext-301
Fax No : +88 02 9514820
Cell No. : +88 01711 198 680
Email : monzur.morshed@bankasia-bd.com