MDB Saalam Family Support

This is an Islami Shariah based term deposit product designed for those individuals who likes get monthly return for their invested money under Islami principles.

Title Details
  • Any Resident Bangladeshi citizen can open this account.
  • In case of minor account. Legal Guardian will operate the account on behalf of the minor until the minor reaches the age of 18.
  • All MDB branches/Uposhaka or Sub Branch/ABC.
  • BDT 50,000.00 (Fifty Thousand) only and its multiples
  • 3/6/12/18/24 & 36 months.
Profit calculation
  • Weightage Average Method
Profit Accrual & Payment
  • Profit will be calculated at the end of month and applied to the account on the specific date (on which the account was opened) of each month until the scheme becomes matured.
Pre-mature Encashment*
  • As per premature encashment policy of the bank.
Joint Applicant Option
  • Applicant can open account either in the single name or in the joint names.
Mode of Shariah
  • Mudaraba
Tax, Excise Duty & VAT
  • Will be deducted as per NBR rules.
Required document
  • Bank’s prescribed MDB Saalam Family Support Opening Form (AOF).
  • The account opening procedure and required documents to open this account shall be governed by the MDB Branch Operations Manual, MDB Comprehensive Account Opening Documentary Checklist and Bangladesh Bank guidelines.