Manarah Monthly Benefit Scheme is a term deposit operated under the principle of Mudaraba. It is an Islamic financial partnership contract where one party provides capital and the other party provides labor. Income generated from the venture is distributed between the parties with predetermined profit sharing ratio.

Overview

  • This account is suitable for any Bangladeshi citizen above the age of 18 years
  • This account can be operated from 1 year to 3 years period
  • Profit (on the deposited amount) calculated and accrued at the end of each month based on pre-determined profit sharing ratio
  • Profit amount varies every month
  • Premature Closure
    No. of YearApplied profit
    Less than 3 monthsCustomer will not get any profit and profit already paid to customer's CASA account will be deducted from his principal amount.
    More than 3 months but less than product tenorCustomer will get profit @ SB* rate for the deposit period. Excess profit already paid to customer's CASA account will be deducted from his principal amount.
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