MDB Saalam Nirman

MDB Saalam Nirman offers a Shariah-compliant solution to help SME entrepreneurs develop their land into revenue-generating properties. By adhering to Islamic Banking principles, this financing enables them to construct shops, small markets, dormitories, and labor sheds in commercially viable locations. This not only enhances their financial stability but also creates affordable rental housing and business spaces for low-income individuals, including traders, shopkeepers, factory workers, garment employees, and low-salaried service holders.

Title Details
Feature & Purpose
  • To facilitate real-estate finance to the target potential customers for procurement/ construction/renovation of shop, commercial space, small market, dormitories, labor shed, one storied semi-pucca/tin shed or multi storied residential building for rental purpose.
  • For Semi-pucca and one storied building: Maximum Finance Limit Tk.50.00 lac and for Multi storied building: Maximum Finance Limit Tk.200.00 lac.
  • For semi-pucca building: Maximum 08 years and for multi storied building: Maximum 15 years.
  • To take over similar type of SME Term Finance from other bank/financial institutions.
  • No Processing fee for Take over home Finances from other Banks/ Financial Institutions.
  • Quick Finance processing.
  • Early full settlement and partial settlement allowed.
  • No hidden charges.
Eligibility
    Experience
  • Businessman: Business Age to be 02 years supported by trade license.
    • Age
    21-70 yeas at the end of the Finance tenor.
    For 100% cash backed facility secured against FD/all types of saving schemes/Islamic saving scheme/Islamic term deposit/WEDB issued by MDB) maximum tenor is 75 years at the end of Finance tenor.
    Minimum Gross Monthly Income
    For semi-pucca building: Minimum Tk.30,000.00 per month
    For multistoried building: Minimum Tk.50,000.00 per month.
    Joint Application: Joint application allowed.
Tenure
  • Maximum 15 years.
DBR
  • DBR to be calculated on applicant income only. DBR ratio will be 60%.
  • In case of 100% cash backed facility secured against MDB Term Deposit/FDR or other deposit product, no DBR calculation is required.
Age of the building
  • Including the tenor of the Finance it should not cross 25 years of age. However, for 100% cash backed facility it may be relaxed on case to case basis depends on banker customer relation.
Mode of repayment
  • Repayable by installments (monthly) over the finance period from rental income/ business income/ own sources.
Additional facility
  • Multiple facilities can be offered against the same property or different property but combined exposure cannot exceed Tk.50.00 lac for semi-pucca building and Tk.200.00 lac for multi storied building.
  • Combination of both semi-pucca and multi storied is allowed but in that case maximum limit shall not exceed Tk.200.00 lac.
In case of purchase of floor/commercial space /shop/ business premise
  • Finance is allowed only to purchase ready floor/ commercial space /shop/ business premise/ labor shade/ market.