AL ADALAH Islamic Banking

Mudaraba Short Notice Deposit (SND) Account

Mudaraba Short Notice Deposit (SND) Account is a Shariah-compliant way to earn returns on your extra funds. Under the Mudaraba principle, the Bank manages your money and shares profits or losses based on Bank policy and Shariah rules.

This account balances earnings and flexible access. Profit is calculated on your daily balance and paid every six months, giving you steady returns while allowing you to withdraw your funds whenever needed with a simple 7-day advance notice.

Special Features:

  • Free Debit Card
  • Free Cheque Book & SMS Alerts
  • Free Quarterly Statements
  • Free e-Statements
  • Profit Credited Semi-Annually Based on Daily Balance
  • 7-Day Advance Notice for Withdrawals
  • Mudaraba-Based Profit/Loss Sharing
  • 24/7 Online Banking, anywhere in Bangladesh or Abroad
  • Account can be Opened in Individual Name or Joint Names

Required Documents to open an account

  • National Identity Card (NID) or Birth Registration along with a photo identity or Passport
  • Recently taken passport-size photographs (2 copies)
  • Nominee photograph attested by the account holder (1 copy)
  • Duly filled Account Opening Form
  • Note: Any other document(s) as required

Withdrawals

You can make withdrawals from any Visa or NPSB ATM Booth using Debit card or over the Branch counter using Cheques.

Terms & Conditions

Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.