UCB TAQWA Mudaraba Savings Account is designed to create attractive propositions for customers intending to maintain a profit bearing operative account for day to day financial transaction governed by Shariah (Islamic law)
| Customer Segment | - Individual (single/joint) - Association, Trusts and Societies |
|---|---|
| Eligibility | Citizen: Bangladeshi Age: 18 years and above Residency: Resident or Non Resident Bangladeshi Demographic: Urban & Rural |
| Features | - Cheque-book facility - Debit card facility - Online Banking facility through all branches of UCB across the country - Internet Banking facility - Fund transfer facility through RTGS, NPSB and EFTN - SMS Alert |
| Profit Rate | - Variable Profit Rate as per Income - Profit Rate will be determined every month according to the Income Sharing Ratio (ISR) between Bank and Customer and Income from investment - Profit Rate for each month will be published at the Bank’s website |
| Profit for Premature Encashment |
- Minimum balance to be maintained on daily basis for getting profit - No restriction on transaction frequency |
