Mudarabah Probable Money Multiplier Scheme

Mudarabah Probable Money Multiplier Scheme will make your money double/triple etc. on maturity. Who those are interested to draw a good amount on maturity this account is for them.

Salient Features:

  • After end of the tenure principal amount may be 1.5/2/2.5/3 times higher including profit./-
  • Minimum deposit: Tk. 1,00,000/- and above.
  • Tenure: For short period size of installment is big and for long period installment size is comparatively small.
  • On maturity total amount including profit may be withdrawn.
  • Higher Weightage is applied.

Required Documents to open the Account:

  • Photocopy of National ID/Passport or Birth Registration Certificate with any valid photo ID.
  • One copy of passport size recent photocopy of account holder duly attested by the introducer.
  • Photograph of the nominee(s), if any, duly attested by the account holder.
  • Account Opening Form duly filled in.
  • Any other document required by the institution from time to time.

Additional Documents:

For limited company:

  • Certified true copy of Memorandum & Articles of Association.
  • Registered Partnership Deed/duly Notarized Partnership Deed (in case of unregistered firm).
  • Minutes of the committee meetings for opening account with National Housing Finance PLC-Islamic Wing duly certified by the Secretary and Chairman of the firm.
  • Copy of laws and by laws duly attested by proper authority.
  • A copy of the resolution of the committee authorizing specific signatories to operate the account.
  • Certificate of Registration.

For Proprietorship concern:

  • Trade License.
  • e-TIN certificate.