Mudaraba Foreign Currency Deposit Scheme (Savings)

To offer investment opportunity to the Wage Earners and other private Foreign Currency account holders who do not like to keep their funds in interest bearing deposit accounts or invest in interest bearing schemes.

- Withdrawal is allowable twice in a month and each withdrawal must not exceed ¼ of the credit balance. Withdrawal exceeding the said limit will require 7 days notice.
- Balance will carry profit only if it remains for one month or above.
- Profit will be on average monthly balance.
- Islami Bank Bangladesh Limited will try to invest such funds profitably in Foreign Investment as per Islami Shariah through their Foreign Correspondent Banks.
- Minimum 65% of the gross investment income derived from Mudaraba Foreign Currency Deposit (MFCD) funds, shall be distributed to this account-holders on half yearly basis.

Deposit

USD=1000/-

- Bangladeshi nationals residing, working and earning abroad.
- Foreign nationals residing in Bangladesh and also Foreign Firms registered abroad and operating in Bangladesh.
- Foreign missions and their expatriate employees.

- Photocopy of passport (upto VISA pages).
- Passport-size photographs 2 copies.
- Nominee's Photographs 2 copies (if there be any) duly attested by the account holder.
- Service contract/selection letter/Appointment letter/VISA and other relevant papers regarding occupation.