Mudaraba Savings Account (MSA)

Islami Bank operates savings accounts under the Mudaraba 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 waitage.  Mudaraba Savings accounts are mainly meant for Non-Trading customers who have some potential saving with small no. of transactions.


  • Standard Savings Account. No limit on withdrawal/deposit    
  • Minimum balance: Tk. 500/-
  • Cheque Book facility
  • Instant or personalized Debit Cards. Dual currency available
  • Self operabilty thru Internet Banking service
  • Self opening & transactions thru Cellfin
  • Country’s largest network for ATM and Any Branch Service
  • SMS notification & query service
  • 24/7 Contact Center support

Who can open

  • Any Bangladeshi national
  • Minimum age: 18 years
  • More than one person can jointly operate MSA
  • Guardian on behalf of a minor can open MSA

Profit & Charges

  • Profit on provisional basis is paid twice a year.
  • Additional amount (if any) is paid after annual calculation of Final Rate
  • Lowest balance of a month is eligible for profit
  • No profit for a month in case of 4 times or more withdrawal  
  • Fees and Charges as per Schedule of Charges will be realized twice a year.
  • Separate charges applicable for debit card and SMS service subscription
  • Excise duty may be realized as per Govt rules and regulations  

Required Documents

  • Complete and duly signed account opening form
  • NID/ Valid Passport/Driving License
  • Recent Photo: 2 copy, passport size, attested by introducer
  • Nominee’s NID & photo (attested by applicant)
  • Recent electricity or other utility bill in case of present address differing to NID/Passport
  • Receipt copy of last year’s Income Tax return (optional)

**Bank may ask for any other additional document

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