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Special Saving Muharabah
Special Saving MudharabahA special savings account that is based on Mudharabah concept that gives you the mandate to act as the capital provider (Sahibul Mal), and BIBD to operate as the fund manager (Mudharib). Proceeds from investment in Syariah compliant business activities will be divided according to an agreed ratio as predetermined.
Profit
  • Profit ratio is ore-agreed (65% for depositor and 35% for BIBD)
  • Profits are calculated and declared monthly (Credited into your account monthly)
Deposits
  • Minimum deposit of B$1,000.00 (open the account)
  • Balance of B$1,000.00 to be maintained at all times.
Savings can be made in:
  • Cash
  • Cheque
  • Standing instruction
Facilities
  • Dividend will be given to depositors maintaining a daily average balance of B$l,000.00 and above
  • Convenience of our Zakat counter
  • Passbook will be provided upon opening of account
  • ATM facilities available (withdrawals can be made up to B$2,000.00 a day at over 30 ATM networks nationwide)
Eligibility
  • Individuals 18 years and above
  • For children below the age of 16, account will be jointly opened with one of the parents or guardians who will act as the Account Administrator.
Required Documentations (whichever is applicable)
  • Parent's or Guardian's original IC
  • Birth Certificate of Child
  • Declaration of Adoption required for adopted child
* Bank's terms and conditions apply