| 01. |
The tenor of the
House Building Mudaraba Deposit Scheme will be 5/7/10 years. |
| 02. |
Minimum Equity
building amount shall be Tk. 10.00 lac. |
|
|
|
Size of monthly deposit
(in Tk.)
|
Investment Tenor
(Approximate in Year)
|
Age Limit
(in Year)*
|
After the investment
Tenor the terminal value of the Scheme
(in Taka)**
|
| 4,570/- |
10 |
18
to 35 |
1,000,000/- |
| 7,890/- |
7 |
18
to 38 |
1,000,000/- |
| 12,465/- |
5 |
18
to 40 |
1,000,000/- |
| 9,135/- |
10 |
18
to 35 |
2,000,000/- |
| 15,770/- |
7 |
18
to 38 |
2,000,000/- |
| 24,925/- |
5 |
18
to 40 |
2,000,000/- |
|
|
|
*
Upper age limit will be applicable for HBL facilities only **
After the Investment Tenor the terminal value of the Scheme (in
Taka) may be varied due to difference of weightage owing to
difference in income from investment. |
| 03. |
Deposit Under this
scheme is received on Mudaraba Principles of Islamic Shariah.
Minimum 65% of investment income of the deposited fund is
distributed among the Mudaraba depositors. |
| 04. |
Profit Weightage on
deposit shall be not less than 1.00. |
| 05. |
Income Tax on
interest amount shall be as per Government rule on taxation
and the Bank reserves the right to deduct Income Tax. |
| 06. |
The depositor will
have the option to choose any installment size at the time of
opening of the A/C. and will not be allowed to change the size
of installment afterwards.
|
|
07. |
Account in the name
of minors can be opened too under the Scheme. |
|
08. |
A person can open
more than one account but Mudaraba House Building
Investment facility shall
be on one account only. |
|
09. |
The installment
shall be payable by the 8th day (in case of holiday the next
working day) of every month. Advance payment of any number of
installments is acceptable. |
|
10. |
In case of death
of Principal Applicant the A/C. will be allowed to continue by the
Co-applicant or legal heirs under the scheme if so approached
by them and legally acceptable to the bank. |
|
11. |
Normally no withdrawal shall be allowed before
maturity, if any depositor intends to withdraw his/her
equity due to certain
unavoidable reasons before maturity, following should be
applicable : |
|
|
| a. |
On or before
completion of one year , No profit could be
paid. |
|
b. |
After completion of
one year Mudaraba Savings Deposit A/C rate on the
deposited amount may be allowed. |
|
|
12. |
When a depositor
fails to deposit any installment, he/she will have to pay
excess amount @5% of the overdue amount payable at the time of
depositing the next installment or maximum Tk. 500/-. |
|
13. |
HBL facility shall
be considered on maturity upon application up to three times
equity but not exceeding Tk. 50.00 lac on compliance of
Investment formalities. |
|
14. |
The Bank at its
discretion may allow inter branch transfer of the A/C under
the Scheme. |
|
15. |
The clients are
encouraged to give standing instructions to the Bank to
deposit the monthly installments, debiting their Mudaraba
Savings Deposit A/C maintained with the concerned Branch. In that case,
no charge will be realized for such service. |
|
16. |
Normally no
statement of the account will be served to the depositor.
Incase of need of any depositor, charge @Tk.10/- per year /
per statement shall be realized as cost of paper. |
