Household Durables Scheme (HDS)

To increase standard of living and quality of life of the fixed income group by extending them investment facilities to purchase household articles.

Target Group

Permanent Officials of Govt. / Semi-Govt. / Autonomous Body / Corporations / Banks & FIs / Defense Forces / Madrasah / School / College / University Teachers / Businessmen / House owners of Metropolitan & other District Head Quarters / Professionals (Doctors / Engineers / Lawyers etc.) / Existing clients / Wage Earners / University / Medical Students / Officials of renowned Private Firms.

Nature of Goods / Items

Electronics & electrical goods, Motor cycle / Bi-cycle, Furniture / Fixtures, Ornaments, Instruments / Equipments for Medical & Engineering students etc.

Mode of Investment

Bai-Muajjal / HPSM (Considering the items)

Maximum 4-years.

Rate of Return

9.00% or the rate to be determined by the Bank from time to time.

Amount of Investment

Tk. 0.20 million without collateral & up to Tk.1.00 million with collateral.

Bank's Participation

i. In case of consumer goods: Investment equity ratio 30 : 70
ii. In case of digital divices (Desktop, Laptop, Tab, Mobile etc.) : Investment equity ratio 70 : 30

Student- Minimum 18-years; Others – Minimum 21-years & Maximum 65-years. Age limit may be relaxed up to 70-years who has adequate collateral, social repulatin, sustainable income, sound body and able successors. The proposal, in such cases may be approved by the next higher authority.

Hypothecation on HDS Goods + PG + Spouse's / Guardians / Close relative's Guarantee + Employer's Certificate / Marking Lien on Liquid Securities / post dated cheques / collateral (If applicable).

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

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