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EBL Islamic Monthly Profit Scheme

EBL Islamic Monthly Profit (EBL-IMP) Scheme Account is designed based on Shariah contract ‘Mudarabah’ for them to keep their deposits fixed and give a return in every month. This is similar to Islamic term deposit where return will be given monthly basis.

Tenor

1 Year / 2 Year / 3 Year

Features and Benefits

Minimum amount to open BDT. 100,000 or above
Can be opened in any day of the month
Multiple accounts can be opened
Monthly profit after tax will be credited to linked account
Financing facility allowable against this deposit
Auto renew option available

Eligibility

Any Bangladeshi Individuals.
Parent can open in the name of Minor/child.
Any permitted non-individual entity registered in Bangladesh.
Must have CASA account with EBL Islamic Banking.

Premature Encashment

Normally, the deposit will not be cashable before maturity of the scheme. But if any depositor intends to withdraw his/her entire deposit before the maturity due to certain unavoidable reasons, profit would be allowed following this rules:

In case of premature encashment after 90 days from opening, profit is calculated at the rate of normal Islamic Savings account for the concerned period.
In case of premature encashment before 90 days from opening, no profit will be given.
In both of the cases, the excess profit paid in the previous month(s)/ period will be adjusted from the principal amount of deposit.