IBBL rolls out 5 products
Thursday, 15 September 2022
Islami Bank Bangladesh Limited launched three deposit products and two investment products on Tuesday, says a statement.
The deposit products are Mudaraba Education Savings Scheme, Mudaraba Expatriate Housing Deposit Scheme and Mudaraba Senior Citizen Monthly Profit Deposit Scheme. And the investment products are Swapnokutir Semi-pucca Housing and Swapno Bunon Education Investment Scheme.
Mohammed Monirul Moula, Managing Director & CEO, formally launched the products at the bank’s Head Office.
Under Education Savings Scheme, guardians can open monthly installment-based account in the name of their children under 18. Account holders of 10- and 15-year tenure will get preference for IBBL scholarship and up to 90 per cent Qard facilities against savings balance.
Any non-resident Bangladeshi can open an account under Mudaraba Expatriate Deposit scheme. The tenure of the account is 3, 5, 10 and 15 years. Holders of this account will get preference in case of availing investment for Building construction and buying flat.
Senior Bangladeshi citizen above 50 can open Mudaraba Senior Citizen Monthly Deposit Scheme. Card holders of this account will enjoy discount in paying hospital bills through IBBL card and up to 90 per cent Qard facilities against savings balance.
Professionals having monthly income over 30,000 can avail investment under Swapnokutir Housing Investment Scheme. Bank will provide investment up to Tk 3.0 million in rural and commercial area under this scheme.
Education Investment Scheme is designed for facilitating students who intend to higher study home and abroad.
Students above 18 years or parents of the minor are eligible for this investment.