Prime Bank Limited
Warning against illegal forex trading/dealing | Disclosure on Risk Based Capital (Basel II & III)
Disclosure on Green Banking
Unclaimed Fund deposited to Bangladesh Bank from 31.03.2017 to 30.03.2018
Home Prime Bank Schedule of Charges Prime Bank Interest Rates Prime Bank AML/KYC Info Prime Bank Complaint Cell
» Hasanah Deposit Products » Hasanah Investment Products
» Hasanah Foreign Trade » Profit Rates
» Prime Bank Shari'ah Supervisory Committee
» Weightage and Distribution of profit under Islamic Banking
Hire Purchase under ShirkatulMelk (HPSM)
Hire Purchase under ShirkatulMelk is a special type of contract, which has been developed through practices. Actually it is a synthesis of three Contracts- Shirkat, Ijarah and Sale.
Shirkat:
Shirkat means partnership. ShirkatulMelk means share in ownership. When two or more persons supply equity, purchase an asset, own the same jointly and share the benefit as per agreement and bear the loss in proportion to their respective equity, the contract is called "ShirkatulMelk contract".
Ijarah:
Ijarah derived from the Arabic word 'Ajr' and 'Ujrat' which means consideration, return/wages or rent. That is the exchange value or rent of service of an asset.
Sale:
Sale or sale contract against which buyer gets the ownership of the goods or asset transferring from seller by paying agreed upon price paid or to be paid by the buyer.
Salient Features of HPSM
Both the Bank and the client supply equity in equal or unequal proportion
Purchase an asset (like land, building machinery, transport, etc.) own the same jointlyShare the benefit as per agreement andBear the loss in proportion of equity
The share / proportion of the asset owned by the bank is hired out to the client partner for a fixed rent per unit of time for a fixed period
Lastly the Bank sell and transfer the ownership of its share portion to the client against payment of price, fixed for that portion either gradually part by part or in lump sum within the hire period or after the expiry of the hire agreement.
 Alternative Delivery Channel
Prime Bank Debit Card
Internet Banking : ALTITUDE
Phone Banking
SMS Banking
 Products & Services
Consumer Banking
Wholesale Banking
Islamic Banking
MSME Banking
NRB Banking
Offshore Banking
Treasury
 Career
HR Vision & Message
HR Principles
Instructions
Selection Process
Available Jobs
Acknowledgement
 About Prime Bank
About Prime Bank
Vision, Mission, Corporate
Philosophy
Corporate Milestones
Corporate Social Responsibilities
Awards & Achievements
 Corporate Governance
Board of Directors
Executive Committee
Audit Committee
Risk Management Committee
Management
Organogram
 Our Subsidiaries
Prime Bank Investment Limited
Prime Bank Securities Limited
Prime Exchange Co. Pte Ltd.
PBL Exchange (UK) Limited
PBL Finance (Hong Kong) Limited
Prime Bank Foundation
Branches Prime Bank SME Branches Prime Bank ATM Locations Prime Bank Loan Calculator Prime Bank Deposit Calculator Prime Bank Exchange Rates Prime Bank InFocus Prime Bank Downloads Prime Bank Tender Prime Bank News