Saalam Mudaraba Digital Senior Citizen Monthly Benefit Scheme

Secure Halal Monthly Income for a Peaceful Future Anytime, Anywhere

Title		Details
Key Features		Monthly provisional profit payout facility Fully digital account opening facility Minimum investment amount starts from BDT 50,000 and its multiples Fully Shariah-compliant Mudaraba-based investment structure Attractive and competitive profit rates Monthly provisional profit auto credited to linked Current or Savings Account Multiple accounts allowed for one customer Joint account facility available Investment facility against deposit Safe and secure halal digital investment solution for senior citizens
Customer Segments		Senior citizens aged 59 years and above Individuals seeking Shariah-compliant digital investment solutions Retired persons planning halal financial security
Account Type		Monthly Profit Payable Scheme (Non-transactional Islamic digital investment account)
Eligibility		Any Bangladeshi citizen with Valid Photo ID (NID / Birth Certificate / Passport) Minimum Age: 59 years
Account Availability		Available through midland online(App) / MDB Website for convenient digital account opening from anywhere, anytime
Tenure		6 Months 1 Year 1.5 Years 2 Years & 3 Years
Mode of Shariah		Mudarabah
Mode of Deposit		Monthly provisional profit automatically transferred to linked Current or Savings Account
Investment Facility		Up to 80% investment facility allowed against lien per Bank credit policy.
Premature Encashment		Premature encashment is allowed as per the prevailing policy of the Bank.
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