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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.
Profit Sharing Ratio
- The profit sharing ratio (PSR) & weightage will be determined from time to time. To know more about PSR and weightage please click here.