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Islami Bank Bangladesh Limited
------------------------------Branch
Date :
Account No.
Terms & Conditions for Mudaraba Foreign Currency Deposit Account
1. One photocopy of contract Form/Appointment letter/selection letter and other relevant papers regarding occupation.
2. Two passport size photographs of the account holder.
3. Two passport size photographs of the nominee (if there is any), duly signed by him on the back side and attested by the
account holder.
4. One set of Photocopy of the pages of passport form page number 1 to 7 i.e. up to VISA page.
5. The clients should have to be submitted necessary information when asked for to comply with the instructions of the
Money Laundering Prevention Act, 2009, Anti Terrorism Act, 2009 and the Circulars/Rules conveyed from Bangladesh
Bank time to time.
6. (a) Initial Deposit must be USD=1,000/-
(b) The Balance must be retained for one month or above for eligibility of profit. If the balance falls below USD=1000/-,
profit will not be given.
(c) Withdrawal is allowable twice in a month and each withdrawal must not exceed ¼ of the credit balance. Withdrawal
exceeding the said limit will require 7 days notice.
(d) Minimum 65% of the gross income derived from investments of MFCD funds during the accounting year will be
distributed to eligible Depositors according to their proportion in the total F.C. Investment.
(c) The rates of profit of any account year will be declared by the Management on the basis of income earned by investing
such funds as per guideline mentioned at (b & d) above.
7. If any one desires to close the account before finalization of the actual rate of profit for any accounting year, profit will be
paid at provisional rate subsequently, if the actual rate is higher or lower than the provisional rate, then neither the
depositor nor the bank will have any claim for the difference.
Name & Signature of the Account Holder(s) with date