Social Islami Bank

Social Islami Bank Ltd.

Phone: +880-2-9559014, 9557499, 9568275, 9565647
Fax: +880-2-9568098
Email: info@sibl-bd.com, ceo@sibl-bd.com
Name

Mudaraba Term Deposit Account

Description
Mudaraba term deposit account holder will share the profit of investment with Social Islami Bank Ltd, at the rate declared by the bank from time to time.
Benefit
- The Bank reserves the right to invest the funds received in mudaraba term deposit accounts, in its sole judgement, in any interest-free "Halal" business it deems fit.
- MTDR is not transferable instrument & as such it cannot be endorsed in favor of others.
- Matured deposit if not encashed within one month of maturity, the deposit shall automatically be renewed for the period it kept before.
- The bank retains the right of refusing to accept any deposit from any person in MTD account without assigning any reason.
Type
Deposit
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