Profit Distribution Management
In EBL Islamic Banking, the operations of profit bearing deposits accounts such as savings deposit, special notice deposit, term deposit, recurring deposit and other schemes etc. are conducted according to Mudarabah contract.
Under this contract, following Bangladesh Bank’s directives, Profit sharing ratio (PSR) between the Mudarabah depositors and the bank (Mudarib) shall be declared at the time of Mudarabah contract and to be duly disclosed to the Mudarabah depositors.
In this system, firstly, Bank and all depositors will share distributable income based on pre-agreed Profit Sharing Ratio (PSR). Then, the bank will distribute the depositors’ share according to the pre-agreed weightage following Guidelines of Islamic Banking issued by Bangladesh Bank.
Profit Sharing Ratio (PSR) between Islamic Banking of Eastern Bank PLC and all Mudarabah depositors is 30:70. That means 30% of distributable income to be shared by the EBL and the rest 70% is to be shared by the concerned depositors.
Usually, Bank will pay profit at a Provisional profit rate subject to adjustment after finalizing the profit. PSR, weightage and provisional profit rate will be set by the Bank as per approved policy from time to time.
Weightage and Provisional Rate of Return for Mudarabah Depositors
(Effective from 22 August 2024)
|
Deposit Type |
Tenor |
Weightage |
Provisional |
|---|---|---|---|
|
Mudarabah Savings Accounts |
|
|
|
|
EBL Power Islamic Savings Account |
- |
0.15 |
1.50% |
|
EBL Junior Saver’s Islamic Account |
- |
0.20 |
2.00% |
|
EBL Campus Islamic Account |
- |
0.20 |
2.00% |
|
EBL Executive Islamic Savings Account |
- |
0.20 |
2.00% |
|
EBL Women’s Islamic Savings Account |
- |
0.20 |
2.00% |
|
Mudarabah SND |
|
||
|
EBL Islamic SND Account |
- |
0.20 |
2.00% |
|
Mudarabah Term Deposit |
|
||
|
EBL Islamic Term Deposit (Retail) |
1 Month |
0.20 |
2.00% |
|
EBL Islamic Term Deposit (Retail) |
3 Month |
0.95 |
9.50% |
|
EBL Islamic Term Deposit (Retail) |
6 Month |
0.975 |
9.75% |
|
EBL Islamic Term Deposit (Retail) |
1 year |
1.00 |
10.00% |
|
EBL Islamic Term Deposit (Retail) |
2 Year |
1.00 |
10.00% |
|
EBL Islamic Term Deposit (Retail) |
3 Year |
1.00 |
10.00% |
|
EBL Islamic Term Deposit ( SME & Corporate) |
1 Month |
0.20 |
2.00% |
|
EBL Islamic Term Deposit ( SME & Corporate) |
3 Month |
0.95 |
9.50% |
|
EBL Islamic Term Deposit ( SME & Corporate) |
6 Month |
0.975 |
9.75% |
|
EBL Islamic Term Deposit ( SME & Corporate) |
1 year |
1.00 |
10.00% |
|
EBL Islamic Term Deposit ( SME & Corporate) |
2 Year |
0.30 |
3.00% |
|
EBL Islamic Term Deposit ( SME & Corporate) |
3 Year |
0.30 |
3.00% |
|
EBL Islamic Monthly Profit (Retail) |
1 Year |
0.975 |
9.75% |
|
EBL Islamic Monthly Profit (Retail) |
2 Year |
0.725 |
7.25% |
|
EBL Islamic Monthly Profit (Retail) |
3 Year |
0.725 |
7.25% |
|
EBL Islamic Monthly Profit ( SME & Corporate) |
1 Year |
0.275 |
2.75% |
|
EBL Islamic Monthly Profit ( SME & Corporate) |
2 Year |
0.275 |
2.75% |
|
EBL Islamic Monthly Profit ( SME & Corporate) |
3 Year |
0.275 |
2.75% |
|
Mudarabah DPS Account |
|
||
|
EBL Islamic DPS Account - Confidence |
1 Year |
1.00 |
10.00% |
|
EBL Islamic DPS Account - Confidence |
3 year |
1.00 |
10.00% |
|
EBL Islamic DPS Account - Confidence |
5 year |
1.00 |
10.00% |
|
EBL Islamic DPS Account - Confidence |
8 year |
0.95 |
9.50% |
|
EBL Islamic DPS Account - Confidence |
10 year |
0.95 |
9.50% |
|
EBL Islamic DPS Account - Confidence |
12 year |
0.95 |
9.50% |
|
EBL Islamic DPS Account - Confidence |
15 year |
0.95 |
9.50% |
|
EBL Islamic Equity Builder |
1 Year |
1.00 |
10.00% |
|
EBL Islamic Equity Builder |
2 year |
1.00 |
10.00% |
|
EBL Islamic Equity Builder |
3 year |
1.00 |
10.00% |
|
EBL Islamic Equity Builder |
4 year |
1.00 |
10.00% |
|
EBL Islamic Equity Builder |
5 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
1 Year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
2 Year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
3 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
4 Year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
5 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
6 Year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
7 Year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
8 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
9 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
10 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
11 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
12 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
13 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
14 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
15 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
16 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
17 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
18 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
19 year |
1.00 |
10.00% |
|
EBL Kafelah – (DPS for Haj & Umrah) |
20 year |
1.00 |
10.00% |
|
EBL Mohor Deposit Scheme |
1 Year |
1.00 |
10.00% |
|
EBL Mohor Deposit Scheme |
2 year |
1.00 |
10.00% |
|
EBL Mohor Deposit Scheme |
3 year |
1.00 |
10.00% |
|
EBL Mohor Deposit Scheme |
4 year |
1.00 |
10.00% |
|
EBL Mohor Deposit Scheme |
5 year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
3 Year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
4 Year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
5 year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
6 year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
8 year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
10 year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
12 year |
1.00 |
10.00% |
|
EBL Bondhon (Marriage Savings Scheme) |
15 Years |
1.00 |
10.00% |
*Note: Provisional Profit Rate is subject to adjustment after year-end.