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Manarah Current Account | Manarah Savings Account | Manarah Term Deposit Receipt | Manarah Monthly Deposit Scheme | Manarah Personal Finance | Manarah Auto Finance | Manarah Home Finance
Manarah Hajj Deposit Scheme| IISR: Mudarabah Profit Sharing Mechanism | Schedule of Charges | Islamic Banking Investment Rate
Investment Income Sharing Ratio (IISR) as profit distribution mechanism
City Manarah – Islamic banking, The City Bank Limited declares Investment Income Sharing Ratio (IISR) between Bank as “Mudarib” and Customer as “Saheeb Al Maal”, which will be applicable on its Bangladesh Taka Manarah Savings Account, Manarah Short Notice Deposit Account, Manarah Term Deposit Account products, Manarah Monthly Benefit Scheme, Manarah Monthly Deposit Scheme and Manarah Hajj Deposit Scheme.
What is IISR:
City Manarah does not offer provisional rate for any types of Mudarabah Accounts aforesaid. In any partnership business partners agree on a profit sharing ratio rather than a provisional or fixed return between them before entering into any agreement. Partners do not expect a fixed return where risk is associated in business. Similarly, when customers open a Mudarabah deposit account with Islamic bank and put some fund, it is considered as his investment into the partnership business with the bank.

Customer and bank must agree on a pre agreed profit sharing ratio. Actual rate will be determined every month-end according to the actual return from investment. Hence, there is no need for provisional rate or fixed rate, as calculation of profit is done monthly. This method of Mudarabah profit distribution is known as Investment Income Sharing Ratio (IISR). City Manarah Islamic banking is using IISR to determine the actual rate of the depositors of different tenor and schemes. The IISRs are used to calculate the profit rate of customers' investment for each month based on actual investment income for that month. For more information, you are requested to please contact our Islamic Banking Branch at 47116695, 47110710, 47116335. We are always committed to uphold Shariah values in banking.
In the following tables we offer:
01. Current month's IISR of each types of Mudarabah account holders
IISR for each Category:
Name of the deposit product Customer's share Bank's share
Manarah Savings A/C 25 % 75 %
Manarah Short Notice Deposits 22 % 78 %
Manarah Term Deposit Receipt 1 Month 40 % 60 %
Manarah Term Deposit Receipt 3 Month 71 % 29 %
Manarah Term Deposit Receipt 6 Month 73 % 27 %
Manarah Term Deposit Receipt 12 Month 73 % 27 %
Manarah Term Deposit Receipt 24/36 Month 52 % 48 %
Manarah Monthly Benefit Scheme 12/24/36 Month 70 % 30 %
Manarah Monthly Deposit Scheme 3/5/7/10 years 57 % 43 %
Manarah Hajj Deposit Scheme 60 % 40 %
Note: effective from 01st January 2017
02. Actual profit rate of previous months (historical data), calculated on IISR
Actual profit rates for the month of January - December 2015:
Deposit Products Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 16 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15
Manarah Savings Deposits 4.00 3.79 3.76 4.02 2.85 2.87 3.21 3.59 3.22 3.66 2.72 2.83
Manarah Short Notice Deposits 2.94 2.78 2.76 2.95 2.50 2.52 2.82 3.16 2.83 3.22 2.40 2.49
Manarah Term Deposits 1 Month 8.01 7.59 7.51 8.04 5.69 5.74 6.41 7.19 6.43 7.32 4.36 4.52
Manarah Term Deposits 3 Month 10.01 9.49 9.39 10.05 7.62 6.31 7.06 7.91 7.08 8.05 5.45 5.65
Manarah Term Deposits 6 Month 10.68 10.12 10.02 10.72 5.12 5.16 5.78 6.04 5.40 6.15 3.81 3.96
Manarah Term Deposits 12 Month 11.35 10.75 10.65 11.39 7.40 6.88 7.70 8.63 7.72 8.79 5.99 6.22
Manarah Term Deposits 24/36 Month 8.68 8.22 8.14 8.71 7.40 7.46 8.34 9.35 8.36 9.52 5.66 5.88
Manarah Monthly Benefit Scheme 12/24/36 Months 9.35 8.85 8.77 9.38 7.40 7.46 8.34 9.35 8.36 9.52 5.99 6.22
Manarah Monthly Deposit Scheme 3/5/7/10 Years 8.68 8.22 8.14 8.71 7.40 7.46 8.34 9.35 8.36 9.52 6.20 6.44
Manarah Hajj Deposits Scheme 10.01 9.49 9.39 10.05 7.85 7.91 8.85 9.92 8.88 10.10 6.53 6.78
Actual profit rates for the month of January - April 2016:
Deposit Products Jan 2016 Feb 2016 Mar 2016 Apr 2016
Manarah Savings Deposits 2.08 2.47 2.25 2.07
Manarah Short Notice Deposits 1.83 2.17 1.98 1.82
Manarah Term Deposits 1 Month 3.33 3.95 3.60 3.31
Manarah Term Deposits 3 Month 4.16 4.94 4.50 4.14
Manarah Term Deposits 6 Month 2.91 3.46 3.15 2.90
Manarah Term Deposits 12 Month 4.58 5.43 4.95 4.55
Manarah Term Deposits 24/36 Month 4.33 5.13 4.68 4.31
Manarah Monthly Benefit Scheme 12/24/36 Months 4.58 5.43 4.95 4.55
Manarah Monthly Deposit Scheme 3/5/7/10 Years 4.74 5.63 5.13 4.72
Manarah Hajj Deposits Scheme 4.99 5.92 5.40 4.97
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