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Mudaraba Waqf Cash Deposit Account (MWCDA)

Mudaraba Cash Waqf provides a unique opportunity for making investment in dierent religious, educational and social services.To implement your noble desire, this Account may create cash waqf at a time or may start with a minimum deposit of Tk. 10,000/- (Taka ten thousand only) and the subsequent deposit shall be made by installments(s) in thousand taka or in multiple of thousand taka. Profit of this account is utilized for social and human welfare as per instruction of the account holders.


Features

The deposited amount is a charity for ever
Profit of this account is utilized for social and human welfare as per instruction of the account holders
The full amount may be deposited at once
Or a minimum deposit Tk. 1,000/- and the subsequent deposit by installment(s) in multiple of thousand taka
After full payment of the declared amount, the bank will issue a Cash Waqf Certificate

Who can open

Any Bangladeshi person
Minimum Age: 18 years

Required Documents

Complete and duly signed Account Opening Form
NID/ Valid Passport/Birth Certificate
Recent 2 copies passport size photo
TIN (Optional)




Islami Bank Bangladesh PLC (IBBPLC) is the largest commercial bank of Bangladesh. It is the first Shariah-based Islamic bank in the South-East Asia established in March 1983. The Bank is a joint venture Public Limited Company with shareholding by foreign institutions and enlisted with Dhaka & Chattogram stock exchanges. With 400 branch, 265 sub-branch & 2,783 Agent Banking Outlets, the Bank posseses the largest branch network among the private sector banks in Bangladesh. It renders general banking, commercial investment and foreign exchange services with substantial CSR activities. Besides, the Bank is a global pioneer in and largest operator of Islamic microfinance.



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