Shari’ah Features:

• Riba (interest) free investment facility.​
• Bank and the customer jointly purchase/construct an asset i.e. household appliances.​
• Bank rents out its portion in the asset to the customer against a series of rental payment.​
• Customer purchases Bank’s portion of the asset making payment in monthly/ quarterly installments.​
• Cash facility can also be made available subject to Shari’ah conditions.​

General Features:

• Finance amount ranges from BDT 50,000/- to BDT 20 lacs (for renovation up to BDT 75 Lac).
• Flexible repayment option of 06 months to 60 months.
• No processing fee is charged.
• Free from any compounding calculation.
• No fee for early/partial settlement.
• Easy documentation and quick processing

Eligibility:

• Age of the applicant: Minimum 21 and maximum 65 years or retirement date whichever is earlier at the facility maturity
• Minimum Experience:
  • Salaried person : 1 year with 6 months permanent employment status
  • Self-employed : 1 year of practice in the profession
  • Businessperson : 2 years of involvement in the same nature of business
• Minimum Monthly Income:
  • Minimum BDT 18,000 for Government staff
  • Minimum BDT 20,000 for CEPP/Payroll/Salary with MTB
  • Minimum BDT 30,000 for other salaried person
  • Minimum BDT 50,000 for Self-employed
  • Minimum BDT 50,000 for Businessperson/Land lord/Land lady/other income individuals