Islami Bank launches seven saving products for clients
FE Report | Tuesday, 22 July 2008
Islami Bank Bangladesh Limited (IBBL) has launched seven attractive saving products to create inspiration among clients of the bank.
The products are Mudaraba Hajj Savings Account, Mudaraba Saving Bond, Mudaraba Special Savings (Pension) Account, Mudaraba Monthly Profit Deposit Account, Mudaraba Muhor Savings Account, Mudaraba Waqf Cash Deposit Account, Mudaraba Foreign Currency Deposit (Savings) Account.
Besides, Al-Wadeah Current Account, Mudaraba Savings Account and Mudaraba Special Notice Account may be opened in any branch of the bank.
The total deposit of the bank on June 30 last reached Tk 182.46 billion (18,246 crore) and it was Tk 148.25 billion in the previous year showing the growth rate of 23 per cent.
The total number of depositors of the bank is now 4.0 million.
On behalf of the depositors, the bank invests their deposited money and distributes minimum 65 per cent of the investment-income earned through deployment of Mudaraba funds among Mudaraba depositors after closing the year.
The products are Mudaraba Hajj Savings Account, Mudaraba Saving Bond, Mudaraba Special Savings (Pension) Account, Mudaraba Monthly Profit Deposit Account, Mudaraba Muhor Savings Account, Mudaraba Waqf Cash Deposit Account, Mudaraba Foreign Currency Deposit (Savings) Account.
Besides, Al-Wadeah Current Account, Mudaraba Savings Account and Mudaraba Special Notice Account may be opened in any branch of the bank.
The total deposit of the bank on June 30 last reached Tk 182.46 billion (18,246 crore) and it was Tk 148.25 billion in the previous year showing the growth rate of 23 per cent.
The total number of depositors of the bank is now 4.0 million.
On behalf of the depositors, the bank invests their deposited money and distributes minimum 65 per cent of the investment-income earned through deployment of Mudaraba funds among Mudaraba depositors after closing the year.