UCB TAQWA Mudaraba Term Deposit is designed to create attractive propositions for customers intending to invest an amount with the bank and seek to get profit which is governed by Shariah (Islamic law)
| Customer Segment | - Individual (single/joint) - Association, Trusts & Societies - Proprietorship Concern - Partnership Concern - Public or Private Limited Company - Government Bodies etc. |
|---|---|
| Eligibility |
Citizen: Bangladeshi Age: 18 years and above Residency: Resident or Non Resident Bangladeshi Demographic: Urban & Rural |
| Tenor | 1/3/6/12/24/36 month(s) |
| 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 | Profit will be given for completed month(s) and year(s) |
