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Mudaraba Short Notice Deposit
Mudaraba Short Notice Deposit (MSND) is a profit bearing Mudaraba deposit intended for you if you are involved in business or your transactions are frequent but does follow a pattern. It enables you to operate a kind of Current Account which incurs profit. Like in other Mudaraba deposit products, you will act as the capital supplier of the investment and the Bank acts as the investor/mudarib.
Key Features
It is a profit and loss sharing account
Frequency of deposit and withdrawal resembles Al-Wadeeah Current Account
Profit is calculated on daily basis and credited on half yearly basis using the provisional rate of profit.
Minimum account opening deposit is Tk. 25,000/-.
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