Mudaraba Expatriate Housing Deposit Scheme (MEHDS)

Housing is one of the basic needs. Like other citizens, the expatriates desire for comfortable accommodation of their own. To meet their above expectations and make life easier, IBBL has designed this installment-based savings scheme. Under this scheme, they can save a portion of their income for housing purposes. On maturity of the scheme, they can build up an adequate equity to construct or purchase a house/flat.


  • Fixed installment savings scheme
  • Monthly installment: Tk.5,000 or its multiple
  • Tenure: 3, 5, 10 or 15 years

Special Facilities

  • Qard Facility: Qard against lien of the account may be allowed up-to 90% of the outstanding balance for those accounts completing minimum 50% of its tenure.
  • Priority for Bank investment: A/C holders of this scheme will get priority in case of availing existing Housing Investments of IBBL for purchasing flat or constructing building.


Any Bangladeshi citizen residing or working abroad can open and operate this Account. 

Profit rules

MEHDS 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.

  • Profit on provisional basis is paid twice a year.
  • Additional amount (if any) is paid after annual calculation of Final Rate
  • Advance Income Tax as per Govt rules is deducted each time of profit payment
  • Excise duty may be realized as per Govt norms

Required Documents

  • Complete and duly signed account opening form
  • NID/Passport , Valid Visa & Work-Permit
  • Photograph: 2 copy, recent, passport size, attested by introducer
  • Nominee’s NID & photo (attested by applicant)
  • Receipt copy of last year’s Income Tax return (optional)

Important Downloads