Prime-bank Limited

Islamic Mode of Operation

Weightage Principle in Distributing Profit to the Depositors :

Deposit of different A/Cs are not given equal weightage in ascertaining profit rate. Bank get opportunity to invest fund for long period if the deposit is obtained for long period. If duration of deposit is long term the risk of deposit is higher. Depositor participate in long term investment of the bank and face higher risk. As such, Bank fix up profit on the different weightage against various types of deposit A/Cs on the basis of risk.

Profit to the depositors for the year 2004 has been paid as per following weightage and rates:

Sl. No.	Name of A/C	Weightage	Final rate of profit for 2005
01.	Mudaraba Savings Deposit	0.75	6.25%
02.	Mudaraba Short Term Deposits	0.52	4.15% to 5.15%
03.	Mudaraba Term Deposits for 36 months	1.00	8.60% to 10.75%
04.	Mudaraba Term Deposits for 24 months	0.98	8.60% to 10.75%
05.	Mudaraba Term Deposits for 12 months	0.96	8.60% to 10.75%
06.	Mudaraba Term Deposits for 06 months	0.92	7.85% to 10.50%
07.	Mudaraba Term Deposits for 03 months	0.88	7.60% to 10.50%
08.	Mudaraba Contributory Savings Scheme	1.05	9.00% to 9.50%
09.	Mudaraba Monthly Profit Deposits Scheme	1.02	9.00% to 9.15%
10.	Mudaraba Education Savings Scheme	1.20	10.75% to 11.25%
11.	Mudaraba Hajj Savings Scheme	1.20	9.00% to 9.50%
12.	Mudaraba Special Deposit Scheme	1.02	9.00% to 9.15%
13.	Lakhpoti Deposit Scheme	1.05	9.00% to 9.50%

Shariah Council

We established a Shariah Council to advice and provide guidance on Islamic Banking Operations. The following Islamic scholars having vast knowledge and ideas in Islamic Shariah relating to banking operations sit on the Board:

Name	Status in the Shariah Council
Janab Moulana Ubaidul Haq Khatib, Baitul Mukarram National Mosque	Chairman
Janab Shah Abdul Hannan Former Chairman, National Board of Revenue and Secretary, Ministry of Finance and Banking Dy. Governor of Bangladesh Bank	Vice Chairman
Janab Moulana Mohammad Salahuddin Ex-Principal, Madrassa E-Alia, Dhaka	Member
Janab Moulana Abul Kalam Azad Chairman, Bangladesh Masjid Council	Member
Janab Dr. M. Shamsher Ali Professor, Southeast University	Member
Janab A.S.M Fakhrul Ahsan Former Dy. Governor, Bangladesh Bank	Member
Capt. Imam Anwar Hossain Chairman of the Board of Directors, Prime Bank Limited	Member
Mr. Qazi Saleemul Huq Chairman, E.C., Prime Bank Limited	Member
Mr. M. Shahjahan Bhuiyan Managing Director, Prime Bank Limited	Member
Mr. Nasiruddin Ahmed Deputy Managing Director, Prime Bank Limited	Member

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