Transport Investment Scheme (TIS)

Objective

i. To ease the existing transportation problem.
ii. To ensure speedy economic growth and development of the country particularly the expansion of trade, commerce & industry.


Target Group

Persons, businessmen, firms having proven experience in transport business, Official/Commercial use by the business firms & industries,established clinic & hospitals etc.

Nature of Goods / Items

Bus, Truck, Minibus, Double Decker, Private Car, Micro Bus, Jeep, Auto Rickshaw, Pick up Van, Human Hauler, Baku, Vessel etc.

Mode of Investment

Bai-Muajjal / HPSM

Period of Investment

3 to 5 years

Rate of Return

16.00% or rate to be determined by the Bank from time to time.

Amount of Investment



Bank's Participation

60% to 70% depending on vehicle type.

Age of Clients



Security

Hypethecation on purchased Vehicle, Immovable Properties, Marking lien on TDR / MSS, Personal Guarantee(s).

How to Apply

Application Form shall have to be collected from nearest Branch of Islami Bank Bangladesh Ltd.

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