MDB Saalam Sthaee

MDB Saalam Sthaee is a Shariah compliant non-checking term deposit product to be governed by Shariah (Islamic Law) in Mudaraba mode. MSME, different organizations, institutions and non-corporates bodies as specified in customer segment are the target customers of this product

Title		Details
Availability		All MDB branches, Uposhakha and Agent Banking Centers
Minimum initial deposit amount		Tk 10,000
Tenure		1/3/6/12/18 & 24 months,
Profit calculation		Weightage Average Method
Profit Accrual & Payment		Profit will be accrued on monthly basis and applied to the account at maturity
Mode of Shariah		Mudaraba
Tax, Excise Duty & VAT		Will be deducted as per NBR rules