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In Bangladesh, dreams of many students for higher education don’t come true due to lack of proper savings plan. To assist students in pursuing higher education, this monthly Savings Scheme has been designed. Any Bangladeshi parent or legal guardian can open and operate this Account in the name of their under-aged (below 18) children.
Any Bangladeshi parent or legal guardian can open and operate this account in the name of their children aged below 18 years.
MESS account operates on Mudaraba (Profit-Loss sharing) principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable.