AL ADALAH Islamic Banking

Mudaraba Term Deposit

Mudaraba Term Deposit Receipt offers a secure, Shariah-compliant way to grow your money over fixed tenures of 3 or 6 months, or 1, 2, or 5 years. Operating under the Mudaraba principle, the Bank acts as your Fund Manager (Mudarib), sharing profits or losses as per Bank policy and applying earnings at maturity, renewal, or closure. You can open multiple accounts on any day of the month and option for auto-renewal for continuous growth.

Special Features:

  • Flexible Tenure: 3/6 Months or 1/2/5 Years
  • Profit Paid at Maturity or at Renewal
  • Premature Account Closure is permitted
  • Auto-Renewal Facility
  • Mudaraba-Based Profit/Loss Sharing
  • Multiple Accounts Allowed
  • 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.