SAALAM MUDARABA DIGITAL NARI SUROKKHA DPS
Smart Shariah-Compliant Digital Savings for Women
MDB SAALAM MUDARABA DIGITAL NARI SUROKKHA DPS is a digitally enabled Shariah-compliant savings scheme designed to help women build disciplined savings habits through affordable monthly installments under Mudaraba principles. The scheme supports important life goals such as education, marriage planning, healthcare needs, children’s future planning, and small business development while ensuring compliance with Islamic banking principles.
This initiative reflects Midland Bank PLC’s commitment to promoting women’s financial security and financial inclusion through accessible Islamic digital banking services.
Through SAALAM MUDARABA DIGITAL NARI SUROKKHA DPS, women can conveniently open and manage their DPS accounts digitally while building a secure financial future in a Shariah-compliant manner.
| Title |
|
Details |
| Key Features |
|
- Digitally enabled monthly installment-based Shariah-compliant savings scheme
- Affordable installment starting from BDT 250
- Flexible tenure options: 3, 5, 8, or 10 years
- Online account opening facility through midland online / MDB Website
- Auto installment transfer from linked Saalam CASA account
- Attractive and competitive expected profit under Mudaraba principles
- Multiple DPS accounts allowed
- Joint account facility
- Digital monitoring of account information
- Encourages long-term savings discipline
- Investment facility up to 90% of DPS balance
- Health Takaful coverage facility for eligible customers
|
| Customer Segments |
|
- Working women
- Female students
- Housewives
- Women entrepreneurs
- Mothers planning savings for children
- Bangladeshi females aged 18 years and above
|
| Account Type |
|
- Non-transactional DPS (Deposit Pension Scheme) account
- Digitally managed monthly installment-based Mudaraba savings account
|
| Eligibility |
|
- Any Bangladeshi female citizen
- Valid Photo ID (NID / Birth Certificate / Passport) required
- Minimum Age: 18 years
|
| Account Availability |
|
- Available through midland online (Mobile App) / MDB Website for convenient digital account opening from anywhere, anytime
|
| Tenure |
|
|
| Mode of Deposit |
|
- Installment transferred automatically from linked Saalam CASA account
- Available through midland online (Mobile App) / MDB Website for convenient digital account opening from anywhere, anytime
|
| Provisional profit rate |
|
- Higher than standard DPS products
- Determined as per ALCO decision
|
| Penalty/Compensation |
|
- 1% of installment amount charged for each default month as per Bank policy.
|
| Force Closure |
|
- Account may be treated as irregular if three (3) consecutive installments are missed.
- Closure may occur as per Bank policy
|
| Premature Encashment |
|
- Applicable policies of the Bank will be followed
|
| Nominee Facility |
|
- Nominee is mandatory
- Nominee can be changed at any time through written instruction
|
| Terms & Conditions |
|
- The Bank reserves the right to change product features and conditions when necessary
|
