Social Islami Bank Limited (SIBL) launched three new deposit products considering the needs of common people, namely MTDR with Advance Profit, Mudaraba Sorbochcho Munafa Account, and Mudaraba Oychchik Shonchoy Account on Wednesday at its head office, a press release said on Friday.
Zafar Alam, Managing Director and CEO of the bank, was present as the chief guest and launched the products while Mohammad Forkanullah, Deputy Managing Director, presided over the programme.
Zafar Alam said that the beneficiaries would be able to enjoy advance profit against minimum Tk. 500 thousand (5.00 lakh) available in MTDR with Advance Profit Account. He also said that deposited amount (starting with minimum Tk. 800 thousand) would double (approximately) in Mudaraba Sorbochcho Munafa Account in six years. Clients can open Oychchik Shonchoy Account with initial Tk.5000.00 or any multiple of initial deposit and afterwards any amount can be deposited anytime at the client’s convenience, and profits will be accrued on a daily basis in this one-year-term account.
