Mudaraba Hajj Deposit (MHD)
Shari'ah Contract: The MHD product is administered on the basis of Shari'ah-compliant Mudaraba contract. DBH Islamic provides assurance of the highest degree of Shari'ah compliance.
Profit Calculation: DBH follows more Shari'ah-compliant Income Sharing Ratio (ISR) method in profit distribution. The product offers a lucrative 2% higher ISR than any DPS Products and distributes attractive and comparative higher rate of return in the industry on the basis Earned Rate of Return (ERR).
Eligibility: All individuals can open this account.
Deposit Amount: BDT 10,000/-, 12,500/-, 15,000/-, 17,500/-, 20,000/-, 25,000/-, 30,000/-, 35,000/-, 40,000/- and maximum BDT 50,000.
Payment Date: Flexible between 1st day to 25th day of each month.
Penalty: No penalty for missing of any month's installment.
Tenure: Minimum 2 years to maximum 7 years.
Withdrawal Method: On maturity, the profit along with the principal amount will be credited to the Bank account automatically without any hassle as per client's instruction.
Auto Renewal: Not Applicable. On maturity, the accumulated amount (Principal + Profit) will be credited to the client's account.