Controversial Bank Vs Islamic Bank

Overview of Southeast Bank Limited
Southeast Bank Limited is a scheduled commercial bank in the private sector established
under the ambit of Bank Company Act, 1991 and incorporated as a Public Limited Company
under Companies Act, 1994 on March 12, 1995. The Bank started commercial banking
operations on May 25, 1995. During this short span of time the Bank is successfulinpositioning
itself as a progressive and dynamic financial institution in the country. The bank had been
widely acclaimed by the business community, from small entrepreneurs to large traders and
industrial conglomerates, including the top-rated corporate borrowers for its forward – looking
business outlook and innovative financial solutions. Thus within this very short period of time
it has been able to create an image and earn significant reputation in the country’s banking
sector as a Bank with Vision. Presently, it has 41 branches.
Southeast Bank Limited has been licensed by the Government of Bangladesh as a Scheduled
commercial bank in the private sector in pursuance of the policy of liberalization of banking
and financial services and facilities in Bangladesh. In view of the above, the Bank within a
period of 10 years of its operation achieved a remarkable success andmetup capital adequacy
requirement of Bangladesh Bank. It has been growing fast as one of the leaders of the new
generation banks in the private sector in respect of business and profitability as it is evident
from the financial statements for the last 10 years.
Southeast Bank Limited emerged as a new commercial bank to provide efficient banking
services and to contribute socio-economic development of the country. . Southeast Bank
Limited(SEBL) was established on 17th April, 1995 with an Authorized Capital of Tk. 1000
Million and Paid up Capital of Tk. 100 Million (raised to Tk. 200 Million in 1997) by a group of
highly successful entrepreneurs from various fields of economic activities such as shipping,
oil, finance, garments, textiles and insurance etc. It is a full licensed scheduled Commercial
Bank set up in the private sector in pursuance of the policy of the Government to liberalize
Banking & Financial services.
The Chairman of the Bank, Mr. Md. Nader Khan is a renowned business elite of Chittagong.
He is also the Chairman of Drum Kulshi Girls High School, Fatikchari, Chittagong and Vice-
President of the Governing Body of CIDER International School and also a member of the
CIDER Trust. He has also been elected as Vice-District Governor of Lion District 315 B4 for
the year 1999-2000.

The former Government of the Bangladesh Bank Mr. Lutfar Rahman Sarkar was the first
Managing Director of the Bank. The Bank is being managed by highly professional people
having wide experience in domestic and international Banking.
The present Managing Director Mr. Kazi Abdul Mazid has long experience in domestic and
international Banking. The Bank has made significant process within a very short time due to
its very competent Board of Directors, dynamic management and introduction of various
customer friendly deposit and loan products. The Authorized Capital of the Bank is Tk. 3000
million and the Paid -up Capital is Tk. 1199.12 million.
The Bank provides a broad range of financial services to its customers and corporate clients.
The Board of Directors consists of eminent personalities from the realm of commerce and
industries of the country.
The Bank is manned and managed by qualified and efficient professionals. The name of the
honorable chairman is Md. Abdul jalil, Mr. Shah Md. Nurul Alam is the Managing Director and
CEO of the bank. He brings with him a wealth of experience of managing private sector banks
in the country.
The Bank is not depending only on interest earnings; rather it strives hard to go for fee-based
income from non-fund activities of the bank. This type of business include capital market
operations like underwriting, portfolio management, mutual fund management, investors’
account as well as commission based business like Letter Of Guarantee, Inland remittance,
Foreign remittance etc. These businesses usually do not involve Bank’s fund, but on the
contrary, offer immense opportunity and scope to expand bank services to the members of
public at large. The head office of the Bank is situated at 61, Dilkusha CommercialArea, Dhaka
1000.
Board of Directors:
List of Directors:
01 Mr. Alamgir Kabir, FCA.
226, Dilu Road, New Eskaton.
Dhaka.

Chairman
02 Mr. Ragib Ali
House No.06, Road No.76, Gulshan
Dhaka-1212
Vice Chairman
03 Mr. M. A. Kashem
73/C, Gulshan Avenue, Gulshan
Dhaka-1212
Director
04 Mr. Azim Uddin Ahmed
14, Topkhana Road, Segun Bagicha
Dhaka-1000
Director
05 Mrs. Jusna Ara Kashem
73/C, Gulshan Avenue, Gulshan
Dhaka-1212
Director
06 Mrs. Duluma Ahmed
14, Topkhana Road, Segun Bagicha
Dhaka-1000
Director
07 Mr. Md. Akikur Rahman
Sonarpara, Nobarun-227
Sylhet
Director
08 Mrs. Sirat Monira
226, Dilu Road (Ground Floor)
New Eskaton, Dhaka.
Director
09 M/S Karnafuli Tea Co. Ltd
Represented by Mr. Abdul Hye
67, Motijheel C/A
Dhaka-1000
Director
10 Dr. Zaidi Sattar
House No.41, Road No.35A
Gulshan, Dhaka-1212
Director
11 Mr. A. H. M. Moazzem Hossain
Apartment #A-16, Building #3, Ramna Estate Complex
Bara Moghbazar, Dhaka-1217

Director
12 Mr. Shahid Hossain
Southeast Bank Limited
Head Office, 52-53 Dilkusha C/A
Dhaka-1000
Managing Director
Mission:
Will become most caring, focused for equitable growth based on diversified development of
resources, and nevertheless would remain healthy and gainfully profitable Bank.
Objectives:
Strategic objectives
 To achieve positive Economic Value Added (EVA) each year.
 To be market leader in product innovation.
 To be one of the top three Financial Institutions in Bangladesh in terms of cost
efficiency.
 To be one of the top five Financial Institutions in Bangladesh in terms of market share
in all significant market segments we serve.
Financial objectives
To achieve a return on shareholders’ equity of 20% or more, on average.
Core values:
 For the customers: Providing with caring services by being innovative in the
development of new banking products and services.
 For the shareholders: Maximizing wealth of the Bank.
 For the employees: Respecting worth and dignity of individual employees devoting
their energies for the progress of the Bank.
 For the community: Strengthening the corporate values and taking environment and
social risks and reward into account.
 New technology: Adopting the state-of-art technology in banking operations.
Corporate Information (Southeast Bank limited) At a Glance:
(Information as per last Annual Report 2012)

Name of the bank: Southeast Bank Limited
Status: Private Limited Company
Date of Incorporation: 2nd June, 1999
Head Office: 61, Dilkusha Commercial Area Dhaka-1000
Chairman: Md. Abdul Jalil
Managing Director: Mr. Shah Md. Nurul Alam
Authorized Capital: Tk. 3000 million
Paid up Capital: Tk. 1199.12 million.
Director: 18
Number of Branches: 34
Proposed Branches (2006): 3
Deposits: 28319.21
Investment: 26046.34
Number of Employees: 1204 (Approx.)
Different Wings of Southeast Bank Limited
 Head Office
 Chairman’s Secretariat
 Managing Director’s Secretariat
 Board Department
 Share Department
 MIS & Computer Department
 Human Resources Division
 Personnel Department
 Training Institute
 Establishment Department
 Stationary & Records Department
 Transport Department
 Test Key Department
 Disciplinary Department
 Marketing Division
 Business Development Department
 Branches Department
 Engineering Department
 Public Relations Department

 Credit Division
 Credit Operation Department
 Recovery Department
 Lease Financing Unit
 Consumer Investigation Bureau (C I B Unit)
 Central Accounts Division
 Accounts Department
 Statistics Department
 Reconciliation Department

Expenditure Control Department

Audit and Inspection Division

Internal Audit Department

External Audit Department

International Division

Treasury Department

Dealing Room
Hierarchy of Position Structure of Southeast Bank Ltd.
 Managing Director
 Additional Managing Director
 Deputy Managing Director
 Senior Executive Vice President
 Executive Vice President
 Senior Vice President
 Vice President
 Senior Assistant Vice President
 Assistant Vice President
 Senior Principal Officer
 Principal Officer
 Executive Officer
 Junior Officer
 Assistant Officer
GENERAL BANKING:
THE BANKER-CUSTOMER RELATIONSHIP:

The Banker-Customerrelationship is essentially a debtor-creditor contractualrelationship. This
relationship may be divided into two categories: Legal relationship & Behavioral relationship
after the contractual relationship is established between the banker and customer, they have
to avoid by some implied conditions of the contract as well as practices of the bank.
Some of the conditions and practices are as follows:
 Customer is to use cheque books while demanding payment from his account.
 Customer should keep cheque books in his safe custody.
 Customer must inform the bank on time for any loss of cheque leaf or cheque books.
 Customer while depositing money or presenting cheque, they must do that during
business hour of the bank.
Banker also should give necessary banking advice and help the customer in various
banking activities.
Rights of the Customer and Bank
 Rights of a customer Duties & obligations of a bank
 Right to deposit money in his A/C on time must credit the deposited amount to the
customer’s A/C.
 Right to demand repayment by issuing cheque or written order properly in proper time
and place must honor cheque if otherwise in order
 Right to get pass book/statement of A/C Must supply pass book/statement of A/C as
demanded
 Right to stop payment on his cheque Must abide by the stop payment order
 Right to give standing instructions Must abide by the instructions
 Right to claim interest of his deposit balance in the interest bearing account Must
pay/credit interest as per rule
 Right to have secrecy of his account must maintain secrecy of customer’s A/C if the
banker’s not bound to disclose it under certain conditions
 Right to claim damages of any loss and for defamation due to wrongful/willful dishonor
of cheque by the bank must compensate the loss
 Right to demand the proceeds of the instrument deposited for collection and collected
accordingly must collect the proceeds of the instrument in customer’s A/C and honor the
cheque drown against the amount

 Right to claim money paid by bank from his A/C wrongly or payment is not made in due
courses. Payment should be made in due courses in good faith and without negligence
 Right to return deposit if not in proper manner and time mustdeposit the amount properly
and in time.
 Right to return the cheque if not drown properly or in time or for some other reason Must
demand payment by issuing cheque or written order properly
Termination of Banker-Customer Relationship:
The legal relation between banker and customer may be terminated with a notice given by
both of them with a view to close the account. Besides, there are somereasons for termination
of legal relationship. Some of these are stated below:
 After the death of customer
 When a customer declared insolvent by the court
 When a customer become lunatic etc.
Forms of Deposit, Opening and Operation of Deposit Accounts and their legal Aspects:
The relationship between the banker and the customer begins with the opening of an account
by the customer. Initially all the accounts are opened with a deposit money by the customer and
hence these accounts are called deposit account. Actually in our country the bank deposits take
three different forms:
 Current or Demand Deposit
 Savings Deposit
 Fixed or Time Deposit
Current or Demand Deposit:
Current account is purely a demand deposit account. It is a running and active account, which
may be operated upon any number and the amount of withdrawal from a current account. It is
noted that the bank does not provide any interest on current account. The special characteristic
of a current account are as follows:
 The primary objective of current account is to save big customers as big
businessman, joint stock companies, private limited companies, public limited
companies etc. from the risk of handling cash themselves.
 The cost of providing current account facilities is considerable to the bank since they
undertake to make payments and collects the bills, drafts, cheques for any number

of times daily. The bank therefore does not pay interest on current deposit while on
the other hand some banks charge for incidental charges on such account.
 For opening of a current account minimum deposit of Taka 1000/= is required.
Introductory reference is also required for opening of such account.
DOCUMENTATION:
PROPRIETORSHIP:
 Trade License
 Photograph
 PARTNERRSHIP;
 Trade License
 Photograph
 Partnership Deed
PRIVATE LIMITED:
 Trade License
 Photograph of Directors
 Certified copy of Memorandum and Articles of Association
 Certificate of incorporation
 List of Directors as per return of joint stock company with signature
Resolution for opening account with the bank
PUBLIC LIMITED:
 Trade License
 Photograph of Directors
 Certified copy of Memorandum and Articles of Association
 Certificate of incorporation
 Certificate of commencement of business
 List of Directors as per return of joint stock Company with signature
 Resolution for opening account with the bank.
FORMALITIES:
Application on the prescribed form:

The person desiring to open a current account with the bank has to make application in the
prescribed form. This form must be properly filled up and signed by the applicants.
Introduction of the application
 The applicant also required to furnish in the application form the names of the referees
from whom the banker may make inquiries regarding the character, integrity and
respectability of the applicants. In most cases the introduction is done by the customer
of the bank of some other person known to the bank by signing on the application form
with his/her account number (if any).
 Specimen Signature
 Every customeris required to supply to the bank with one or more specimens of his/her
signature. These signatures are taken on cards, which are preserved by the bank, and
the signature of the account holder on the cheques is compared with the specimen
signature.
 Mandate for operation of the account by an agent
 In case a customer desires to get his/her account operated upon by another person
then the bank will obtain a mandate in writing to that effects as well as the specimen
signature of the person in whose favor the mandate is given.
 Opening and operating the account
After the above formalities are over, the banker opens an account in the name of applicant.
Generally the minimum amount to be deposited initially is Taka 1000.00 for opening a current
account. Then the bank provides the customer with:
A Pay-in-Slip/Deposit Book: With a view to facilitate the receipt of credit items paid in by a
customer, the bank will provide him/her pay-in-slip either loose or in a book forms. The
customer has to fill up the pay-in-slip at the time of depositing the money to the bank. The
cashier with his/her initials and stamps will return the counterfoil to the customer on the receipt
of the money.
Cheque book:To facilitate withdrawals and payment to third parties by the customer,the bank

will also provide a Chequebook to the customer. But it is noted that to get a Chequebook, the
customer has to dully fill up the cheque requisition slip to the banker.
SAVINGS ACCOUNT (SB)
Savings Bank (SB) Account is designed for individual savers who want to save a small part of
their income which may be used in the near future and also intend to have some profitable
returns on such savings. They can deposit a small amount and can withdraw whenever they
desire but the total numbers of withdrawals over a period of time are limited.
Features and Benefits:
 Bank pays attractive interest.
 Personalized MICR Cheque Book is available.
 Nominal service charge.
 Any branch banking facility (Cash withdrawal and deposit from any branch).
 Bank accepts Standing Instructions from A/C holders.
 Nomination facility is available to nominate beneficiary for account proceeds.
 Interest is payable on half yearly basis.
 Charge free statement of A/C, Balance Confirmation Certificate twice in a year on half
yearly basis.
 Option is available to collect e - Statement on monthly basis.
Eligibility
 Age: 18 years or above.
 Single/Joint account can be opened.
 Minor account can be opened under the supervision of his / her / their guardian.
Requirements
Applicants must satisfy the following documentation requirements for Personal Banking:
 Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving License;
 Two copies of recent passport size photograph duly attested by the introducer.
 The account requires an introduction by an existing account holder with satisfactory
transaction records in Southeast Bank Limited.
 Tin Certificate.

 Proof of communication address: Photocopy of an Electricity Bill / Gas Bill / Wasa Bill /
Telephone Bill.
 Initial deposit of Tk 2,000/- for urban clients and Tk 1,000/- for rural clients.
 Nominee form and photograph of nominee(s) (signature attested by the account holder).
In case of minor nominee, copy of the birth certificate and photograph required;
 Personal Information Form.
 Transaction Profile.
 KYC Form.
 Account Opening Form to be duly filled in and signed by A/C holder and to be
authenticated by Bank’s authorized officials.
Rate of Interest & Fees
 Rate of Interest: Currently 6.00% (below Tk 1.00 lac), 6.50% (Tk 1.00 lac and above)
which is subject to change from time to time.
 Fees and Charges: As per existing schedule of charges which is separately
displayed/shown on the web site.
Current Deposit (CD) Account
Current Deposit (CD) Account is a transactional account where there is no restriction on
number of transactions in the account. Current Deposit (CD) Account can be opened for
individuals and business concerns including non-profit organizations.
 Unlimited transactions (both deposit and withdrawals) are allowed.
 No withdrawal notification required.
 Any branch banking facility (Cash withdrawal and deposit from any branch).
 Bank accepts Standing Instructions from A/C holders.
yearly basis.
Eligibility:

 CD Account can be opened both for Individuals and Firms/Corporate/ Autonomous
Bodies etc.
 CD Account can be opened both for resident and non - resident Bangladeshi Nationals.
 Age bar for Personal CD Account: 18 years or above.
 Account can be opened in the name of Trust / Club / Association / Societies / Non -
Trading Concerns.
Requirements:
Applicants must satisfy the following documentation requirements:
Personal Banking:
For resident of Bangladesh:
 Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving License.
 Certified document(s) for source of income.
 Proof of communication address: Photocopy of an Electricity Bill / Gas Bill / Wasa Bill
/ Telephone Bill.
 The account requires an introduction by an existing and satisfactory account holder of
Southeast Bank Limited.
 Nominee form and photograph of nominee(s) (signature attested by the account
holder). In case of minor nominee, a copy of the birth certificate and photograph
required;
 KYC Form.
Additional Requirement for Non - resident of Bangladesh:
 As per existing Foreign Exchange guidelines of Bangladesh Bank.

 Photocopy of passport with valid visa and work permit attested by their respective
Embassy / Mission authority.
 Two copies of passport size photograph duly attested by their respective Embassy /
Mission authority.
 Tax Certificate issued by foreign country.
 Form QA-22
Corporate Banking:
Sole Proprietorship Concern:
 Copy of valid Trade License;
 Permission of Board of Investment required for FC (Foreign Currency) Account;
 Declaration for opening foreign currency account duly filled in and signed;
 Proof of communication address: Photocopy of an Electricity Bill / Gas Bill / Wasa Bill /
Telephone Bill.
 The account requires an introduction by an existing and satisfactory account holder of
Southeast Bank Limited.
 Nominee form and photograph of nominee(s) (signature attested by the account holder).
In case of minor nominee, a copy of the birth certificate and photograph required;
 KYC Form.
Partnership Concern:
 Copy of Partnership Deed of the Firm (Registered / At least notarized);
 Firm Registration Certificate (if registered);
 List of Partners with their addresses;

 Recent passport size photograph(s) of signatory / signatories attested by the
introducer. (Photograph(s) of the signatory / signatories of non - residents of
Bangladesh shall be attested by their respective Embassy / Mission authority);
(Photocopy of valid Passport of the signatory of non - residents of Bangladesh shall be
attested by the their respective Embassy / Mission authority);
 Resolution of the partners of the firm for opening the account and authorization for its
operation duly certified by managing partner of the firm;
 Official Seal;
 Tin Certificate (If Any);
 Transaction Profile;
 KYC Form
 Account Opening Form to be dully filled in and signed by A/C holder and to be
Private Limited Company:
 Certified true copy of Certificate of incorporation;
 Certified true copy of the Memorandum & Articles of Association of the Company duly
attached;
 Certified true copy of Form XII of the company;
 Extract of the Resolution of the Board Meeting of the Company for opening the account
and authorization of its operation duly certified by the Chairman / Managing Director of
the Company;
 Recent passport size photograph(s) of signatory / signatories attested by the introducer.
(Photograph(s) of the signatory / signatories of non - residents of Bangladesh shall be
(Photocopy of valid Passport of the signatory of non-residents of Bangladesh shall be
 List of Directors with addresses;

 Official Seal with designation;
 Tin Certificate;
Public Limited Company:
 Certified true copy of certificate of commencement;
 Certified true copy of the Memorandum & Articles of Association of the Company duly
attached;
 Extract of the Resolution of the Board Meeting of the Company for opening the account
and authorization of its operation duly certified by the Chairman / Managing Director of
the Company;
Trusts / Clubs / Associations / Societies / Co - operatives / NGO / Non - trading Concerns:
 Certified true copy of the constitution / By - Laws / Trust Deed / Memorandum and
Articles of Association;

 Certificate of Registration of the Association / Club / Charity / Trust / Society / Co-
operative / NGO / Non - trading concern for inspection and return (along with a duly
certified photocopy for Bank’s records);
 List of members of the Governing Body / Executive Committee of the Association / Club
/ Charity / Trust / Society / Co-operative / NGO / Non - trading concern with their
addresses;
 Extract of Resolution of the Association / Club / Charity / Trust / Society / Co - operative
/ NGO / Non-trading concern for opening the account and authorization of its operation
duly certified by the Chairman / Secretary of the Association / Club / Charity / Trust /
Society / Co - operative / NGO / Non - trading concern etc.
 Official Seal mentioning designation
 KYC Form
Rate of Interest & Fees:
 No Interest is paid on CD Account.
FIXED DEPOSIT ACCOUNT (FDR)
Fixed Deposit Receipt (FDR) Account offers the customers the opportunity to invest a fixed
amount for a fixed period at a fixed rate of interest. The customers have the option to re - invest
their funds both principal amount and interest amount on maturity or principal amount and the
interest amount being paid into their SB or CD accounts.

 Money can grow with attractive interest rate with flexible tenure.
 Automatic renewal facility at maturity.
 Loan facility against FDR Account to meet urgent financial needs.
 Premature closure facility available at prevailing savings rate (Conditions Apply).
Eligibility:
 FDR Account can be opened both for Individual and Corporate bodies.
 Only Resident Bangladeshi National is allowed to open Personal FDR Account.
 A Person of 18 years of Age and above having a sound mind can open the A/C.
 FDR A/C can be opened in Joint names.
 FDR can be opened in the name of minor. In that casehis/her legal guardian will operate
the FDR.
 Currently the rate of interest is as under which is subject to change time to time
Fixed Deposit Receipt
(FDR) Account
For both Individual and Corporate
For any amount
1 (one) month 9.00%
2 (two) months 10.00%
3 (three) months 11.50%
6 (six) months 11.50%
1 (one) year 11.50%
For Senior Citizen Scheme: 11.75% (for any amount)
Requirements:
 Cheque on Self or Cash deposit;
 Photograph of Nominee. In case of minor nominee, a copy of the birth certificate and
photograph required;
 Personal Information Form;
 KYC Form

 TIN Certificate.
 Single/Joint A/C can be open.
Double Benefit Scheme (DBS) Account:
Double Benefit Scheme (DBS) Account is a time specified deposit scheme for clients where the
deposited money will be doubled on maturity.
Features and Benefits
 Amount to be deposited TK 10,000 or its multiple;
 Deposited amount will be doubled in 6 years;
 Account can be opened at any working day of the month;
 Allowed to open more than one DBS Account at any branch of the Bank;
 Loan facility against lien of DBS Account;
 The Scheme is covered by Insurance and Insurance Premium is borne by the bank;
 Premature closure facility.
Eligibility:
 DBS Account can be opened both for Individual and Corporate bodies.
 Only Resident Bangladeshi National is allowed to open Personal DBS Account.
 Age bar for opening of Personal DBS Account: 18 years or above.
Requirements:
 Photocopy of Citizenship Certificate / Passport/ National I.D. Card / Driving License.
 Single/Joint A/C can be opened
displayed/shown in web site.
Special Notice Deposit (SND) Account:
Special Notice Deposit (SND) Account is an interest bearing deposit where advance notice of 7
to 30 days required for amount withdrawal. SND A/C is usually opened by Firms, Corporate
Financial Institution.

 Bank pays attractive interest.
 Any branch banking facility (Cash withdrawal and deposit from any branch)
 Bank accepts and supports Standing Instructions.
 Interest is payable on half yearly basis.
yearly / yearly basis.
Eligibility:
 SND Account can be opened by both Individual/Firms/Corporate bodies.
 Age bar for Personal SND Account: 18 years or above.
 Joint account can be opened.
 Account can be opened in the name of Trust / Club / Association / Societies / Non -
Trading Concerns.
Requirements:
Personal Banking:
 Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving
License.
 Proof of communication address: Photocopy of an Electricity Bill / Gas Bill /
Wasa Bill / Telephone Bill.
 The account requires an introduction by an existing and satisfactory account
holder of Southeast Bank Limited.
required;
 KYC Form.

Corporate Banking:
Sole Proprietorship Concern:
 Declaration for opening foreign currency account duly filled in and signed;
License.
 Proof of communication address: Photocopy of an Electricity Bill / Gas Bill / Wasa
Bill / Telephone Bill.
 The account requires an introduction by an existing and satisfactory account
holder of Southeast Bank Limited.
required;
 KYC Form.
Partnership Concern:
 Copy of Partnership Deed of the Firm (Registered / At least notarized);
 Firm Registration Certificate (if registered);
 List of Partners with their addresses;
Bangladesh shall be attested by their respective Embassy / Mission authority);
License. (Photocopy of valid Passport of the signatory of non - residents of

Bangladesh shall be attested by the their respective Embassy / Mission
authority);
 Resolution of the partners of the firm for opening the account and authorization
for its operation duly certified by managing partner of the firm;
 Official Seal;
 Tin Certificate (If Any);
 KYC Form
Private Limited Company:
 Certified true copy of the Memorandum & Articles of Association of the Company
duly attached;
 Extract of the Resolution of the Board Meeting of the Company for opening the
account and authorization of its operation duly certified by the Chairman /
Managing Director of the Company;
authority);
License. (Photocopy of valid Passport of the signatory of non-residents of
authority);
Public Limited Company:
 Certified true copy of certificate of commencement;
 Certified true copy of the Memorandum & Articles of Association of the Company
duly attached;

 Extract of the Resolution of the Board Meeting of the Company for opening the
account and authorization of its operation duly certified by the Chairman /
Managing Director of the Company;
authority);
authority);
Trusts / Clubs / Associations / Societies / Co - operatives / NGO / Non -
trading Concerns:
 Certified true copy of the constitution / By - Laws / Trust Deed / Memorandum
and Articles of Association;
 Certificate of Registration of the Association / Club / Charity / Trust / Society / Co-
operative / NGO / Non - trading concern for inspection and return (along with a
duly certified photocopy for Bank’s records);
 List of members of the Governing Body / Executive Committee of the Association
/ Club / Charity / Trust / Society / Co-operative / NGO / Non - trading concern
with their addresses;
 Extract of Resolution of the Association / Club / Charity / Trust / Society / Co -
operative / NGO / Non-trading concern for opening the account and authorization
of its operation duly certified by the Chairman / Secretary of the Association /
Club / Charity / Trust / Society / Co - operative / NGO / Non - trading concern etc.
authority);

authority);
 Official Seal mentioning designation
 KYC Form
Currently interest rates are as under above which is subject to change time to time:
Special Notice Deposit (SND) Account
Banks and NBFIs : 5.50%
Customers
Below Tk.
1.00 Crore
Tk. 1.00 Crore &
above but
below Tk. 25.00
Crore
Tk. 25.00 Crore
& above but
below Tk. 50.00
Crore
Tk. 50.00 Crore
& above but
below Tk.
100.00 Crore
Tk. 100.00
Crore &
above
6.00% 6.25% 6.25% 6.50% 9.00%
Mother Account (IPO): Will be fixed upon approval from Head Office on case to
case basis.
Fees and Charges: As per existing schedule of charges which is separately displayed/shown
on the web site.
Monthly Savings Scheme (MSS) Account:
Your dreams may turn into reality through Southeast bank's Monthly Savings Scheme (MSS)
 Hassle Free Deposit
 Loan of Maximum 80% against the lien of the MSS amount deposited can be availed.

 Can close the account before maturity
Eligibility:
 Account can be opened in the name of individual or in joint names.
 Only Resident Bangladeshi National is allowed to open MSS Account.
 Account can be opened at any time of the month
Requirements:
 Single/Joint A/C can be opened.
Monthly Installment Size and Benefit after Maturity:
Millionaire Deposit Scheme (MDS) Account:
Millionaire Deposit Scheme (MDS) Account is a time specified monthly deposit scheme for
clients where the deposited money will become one million on maturity.

 Tenor: 4,5,6,7,8,9 and 10 years term;
 Deposit on monthly installment basis;
 Attractive rate of interest;
 Account can be opened at any working day of the month;
 Monthly installment can be deposited through a standing debit instruction from the
designated CD/SB Account;
 Monthly installment can be deposited in advance;
 An account can be transferred from one branch to another branch of the bank;
 Credit facility for maximum of 2 years can be availed at any time during the period of the
scheme;
 Allowed to open more than one MDS Account for different amount at any branch of the
Bank;
Eligibility:
 MDS Account can be opened both for Individual and Corporate bodies.
 Only Resident Bangladeshi National is allowed to open MDS Account.
 Age bar for opening of Personal MDS Account: 18 years or above.
 Account can be opened in the name of minor. In that case his/her legal guardian will
operate the account.
Requirements:
 Single/Joint A/C can be opened.
displayed/shown in web site.
Pension Savings Scheme:

Pension Savings Scheme Offers clients to save their hard earned money every month for a
secured future.
 Loan of Maximum 80% against the lien of the PSS amount deposited can be availed.
 Client have to pay the Installment Amount by 15th day of a Month.
 Advance Installment can be provided.
 Installment amount can be given from any branch of our Bank
Eligibility:
 A Person of 18 years of age and above having a sound mind can open the account.
 A person can open more than one PSS account for any amount at any branch of the
Bank in such case separate form should be filled in.
 The account can be opened at any working day of the month.
 Account opened within 1st 15 days of any month will be treated as account opened on
that particular month. If the account is opened after 1st 15 days of any month in that case
1st installment will be due from the following month.
 PSS account can be opened in the name of a minor. In that case minor’s legal guardian
can operate the account
 PSS account cannot be opened in joint names or in the name of any intuition.
Requirements:
Monthly Installment Size and Benefit after Maturity:

History of EXIM Bank
Export Import Bank of Bangladesh Limited was established in the year 1999 under the leadership
of Late Mr. Shahjahan Kabir, Founder Chairman who had a long dream of floating a commercial
bank which would contribute to the socio-economic development of our country. He had a long
experience as a good banker. A group of highly qualified and successful entrepreneurs joined
their hands with the founder chairman to materialize his dream. Indeed, all of them proved
themselves in their respective business as most successful star with their endeavor, intelligence,
hard working and talent entrepreneurship. Among them, Mr. Nazrul Islam Mazumder who is an
illuminated business tycon in the Garments business in Bangladesh became the Honorable
Chairman after the demise of the honorable founder chairman. He is also the chairman of
Bangladesh Association of Banks (BAB). Under his leadership, BAB has emerged as an effective
forum for exchanging views on problems being faced by the banking sector of Bangladesh and
for formulating common policy guidelines in addressing such problems.
The Bank starts functioning from 3rd August, 1999 with its name as Bengal Export Import Bank
Limited. On 16th November 1999, it was renamed as Export Import Bank of Bangladesh Limited
with Mr. Alamgir Kabir as the Founder Advisor and Mr. Mohammad Lakiotullah as the Founder
Managing Director respectively. Both of them have long experience in the financial sector of our
country. By their pragmatic decision and management directives in the operational activities, this
bank has earned a secured and distinctive position in the banking industry in terms of
performance, growth, and excellent management. Under the leadership of Mr. Lakiotullah, the
Bank has migrated all of its conventional banking operation into Shariah Based Islami Banking in
the year July 2004.
In the year 2006, Mr. Kazi Masihur Rahman became the Managing Director of the bank when Mr.
Lakiotullah left the bank after completion of his successful 7 years as MD. Mr. Kazi served in the
bank for next five years. Under his leadership, the bank has been placed on a state of the art
centralized IT platform with two modern data centers where world renowned core banking
software TEMENOS T24 is running along with some alternate delivery channels like ATMs and
SMS banking.
On 25th August, 2011, Mr. Md. Fariduddin Ahmed has joined in the bank as Managing Director.
With his long banking experience, EXIM Bank become fully compliant Bank with adequate capital
and good asset quality. After retirement from Managing Director, he has been continuing his
service for EXIM Bank as Advisor since 27th July 2012.
Dr. Mohammed Haider Ali Miah succeeded Mr. Fariduddin Ahmed on July 25, 2012 and has
created a new dimension in EXIM history becoming the first ever in-house Managing director and
CEO of the Bank. Under his far-sighted leadership, EXIM Bank has not only achieved uppermost
level of performance in almost each arena of its activities but also gained confidence to place
itself as one of the dynamic banks through delivering transparent and standard banking services
to the customers in a compliant manner.

Our Vision
The gist of our vision is ‘Together Towards Tomorrow’.Export Import Bank of Bangladesh Limited
believes in togetherness with its customers, in its march on the road to growth and progress with
service. To achieve the desired goal, there will be pursuit of excellence at all stages with climate
of continuous improvement, because, in Exim Bank, we believe, the line of excellence is never
ending. Bank’s strategic plans and networking will strengthen its competitive edge over others in
rapidly changing competitive environment. Its personalized quality services to the customers with
trend of constant improvement will be the cornerstone to achieve our operational success.
Our Mission
The Bank’s mission gives emphasis to:
Provide quality financial services especially in Foreign Trade
Continue a contemporary technology based professional banking environment
Maintain corporate & business ethics and transparency at all levels
Sound Capital Base
Ensure sustainable growth and establish full value to the honorable stakeholders
Fulfill its social commitments and
Above all, to add positive contribution to the national economy
Corporate Culture
Organizational culture is considered as an essential component of business corporations as it has
the ability to bind organizational members together. The culture and values of our bank have been
proved as a source of competitive advantage for us and are acting as a key component to
establish the relationship between the bank and our employees and , in turn , between our
employees and our customers.Ourculture and values also encourage customers and employees
to join us and stay with us.
EXIM Bank has also been able to improve organizational performance via improving the
performance of individual contributors and also recognizes existing talents to fill up the higher
vacancies within the organization or place them in the right position, wherein the best use of their
abilities can be ensured. Our culture promotes sharing of common goal which ensures
harmonious relationship in the working environment.
Awards & Achievements
Awards
From the very beginning of its journey Exim Bank set a standard in service which made the bank
outstanding. Its commitment to the Quality Management, Good Governance, continuous effort to
improve in all sects, excellence in service as well as CSR activities always been appreciated at

home and abroad. In consequence, Exim Bank achieved several national and international
awards.
"International Diamond Prize for Excellence in Quality" award
"World Finance" award
Achievements
First private sector bank to open exchange house in UK
Implementation of the world renowned Core Banking Software (TEMENOS T24)
Conversion from Conventional Banking to Shariah Based Islami Banking.
Prime Operational Area of the Bank
As a full-fledged Islamic bank in Bangladesh, EXIM Bank extended all Islamic banking services
including wide range of saving and investment products, foreign exchange and ancillary services
with the support of sophisticated IT and professional management. The investment portfolio of
the bank comprises of diversified areas of business and industry sectors. The sectors include
textiles, edible oil, ready-made garments,chemicals,cement,telecom, steel, real estate and other
service industry including general trade finance. The bank has given utmostimportance to acquire
quality assets and is committed to retain good customers through customer relationship
management and financial counseling. At the sametime efforts have been made to explore/induct
new clients having good potentiality to diversify and create a well-established structured
investment portfolio and to minimize overall portfolio risk.
Investment: Bank's investment port-folio are segmented under the following heads:
Retail/Consumers investment.
Micro enterprise investment.
Small and Medium Enterprise investment.
Large and Corporate investment.
Syndicate investment.
Modes of investments:
Murabaha (MTR, MPI, MIB).
Bai Muazzal.
Izara Bil Baia.
Wazirat Bil Wakala .

Bai-Salam.
Quard.
Musharaka Documentary Bills (MDB)/LDBP.
Bai-As-Sarf/FDBP.
EXIM Bank is very much responsive and interested to involve themselves both directly and
indirectly with the development process of the banking industry and national economy. As we
believe the development of small and medium-size enterprises plays a pivotal role in the growth
and prosperity of a nation. Although large-scale corporations, particularly industrial concerns
contribute sizably/ largely in Gross Domestic Products (GDP) and other economic variables of
prosperity but the significance of SMEs is widely recognized around the globe. SMEs make a
substantial contribution towards GDP, revenue collection in the form of taxes, fostering
entrepreneurship culture, employment opportunities, income generation, skills development of
human resources, poverty alleviation, and improving the standard of living and quality of life.
Above all the prime economic benefits of SMEs development include encouraging perfect
competition and fair distribution of wealth. If there are only large-scale corporations either, then
there will be a monopoly in an industry, with a single suppliers, or oligopoly with only few suppliers,
or monopolistic competition with only some suppliers, then the major portion of national income
and wealth will move within the hands of big capitalists. SME sector, however, begets fair
competition and equitable distribution of wealth.
SME Defined:
Generally, SME means small and medium size enterprises, the definition published by Ministry of
Industries and endorsed by Bangladesh Bank are as follows:
Micro Industry/Enterprise:
Micro Industry/ Enterprise
Total Fixed Assets
(Excluding land & factory building)
Total no. of Employees
Service concern Up to Tk.5.00 lac Up to 10 persons
Trading concern Up to Tk.5.00 lac Up to 10 persons
Manufacturing concern Up to Tk.50.00 lac Up to 24 persons
***If a concern goes to Micro industry/enterprise based on any one above standard (asset or
employee) but it goes to Small industry/enterprise based on other above standard (asset or
employee) then it may be considered as ‘Small Industry/Enterprise’

Small Industry/Enterprise:
Small
Industry/Enterprise
Total Fixed Assets
Total no. of
Employees
Service concern Not exceeding to Tk.1.00 crore Upto 25 persons
Trading concern Not exceeding to Tk.1.00 crore Upto 25 persons
Manufacturing concernNot exceeding to Tk.10.00 crore Upto 99 persons
***If a concern goes to Small industry/enterprise based on any one above standard (asset or
employee) but it goes to Medium industry/enterprise based on other above standard (asset or
employee) then it may be considered as ‘Medium Industry/Enterprise’
Medium Industry/Enterprise:
Medium
Industry/Enterprise
Total Fixed Assets
Total no. of
Employees
Service concern Not exceeding to Tk.15.00 crore Upto 100 person
Trading concern Not exceeding to Tk.15.00 crore Upto 100 person
Manufacturing concern Not exceeding to Tk.30.00 crore Up to 250 person
***If a concern goes to Medium industry/enterprise based on any one above standard (asset or
employee) but it goes to Large industry/enterprise based on other above standard (asset or
employee) then it may be considered as ‘Large Industry/Enterprise’
Cottage Industry/Enterprise:
Cottage
Industry/Enterprise
Total Fixed Assets
Total no. of
Employees
The concern where the
family members get
priority
Up to Tk.5.00 lac Up to 10 (family
members)
***If a concern goes to Cottage industry/enterprise based on any one above standard (asset or
employee) but it goes to Micro industry/enterprise based on other above standard (asset or
employee) then it may be considered as ‘Micro Industry/Enterprise’
The investment port-folio of the EXIM Bank covers all the segments of the economy for the
customers engaged in the business activities for contribution to the GDP ensuring compliance of
Islamic Shariah.

Core Banking Solution
Core banking solutions are banking applications on a platform enabling a phased, strategic
approach that is intended to allow banks to improve operations, reduce costs, and be prepared
for growth. Implementing a modular, component-based enterprise solution facilitates integration
with a bank's existing technologies. An overall service-oriented-architecture helps banks reduce
the risk that can result from manual data entry and out-of-date information, increases
management information and review, and avoids the potential disruption to business caused by
replacing entire systems.
Core banking solutions is new terminology frequently used in banking circles. The advancement
in technology, especially Internet and information technology has led to new ways of doing
business in banking. These technologies have cut down time, working simultaneously on different
issues and increasing efficiency. The platform where communication technology and information
technology are merged to suit core needs of banking is known as core banking solutions. Here,
computer software is developed to perform core operations of banking like recording of
transactions, profit calculations on loans and deposits, customer records, balance of payments
and withdrawal. This software is installed at different branches of bank and then interconnected
by means of communication lines like satellite, internet etc. It allows the user (customers) to
operate accounts from any branch if it has installed core banking solutions. This new platform has
changed the way banks are working.
EXIM Bank is using the T24 Islamic Banking Solution of Temenos which is already a recognized
world leader in banking software technology with over 700 installations in over 125 countries, and
more than 40 installations for Islamic Banking.
T24 for Islamic Banking is both Shariah compliant and commercially flexible. Enabling to offer a
true range of the latest competitive Islamic financial products based on the award-winning
success of T24 banking software platform, T24 for Islamic Banking is a single core banking
software system that handles Islamic financial services in tandem with non-Islamic ones. This
helps us maintaining tight control over operational costs while remaining focused on serving our
valued customers in the most appropriate and effective way.
Temenos T24 is built on open software architecture that uses established technology standards
to support all major banking types. Offering total scalability, T24 supports users and customers
with true non-stop resilience - plus eliminates the need for Close of Business processing to deliver
a true 24/7 banking capability.
As a result of T24's leading technology credentials, T24 has the flexibility to support the needs of
any bank – from the smallest Greenfield operation to the largest multinational. It is this strength
that has given T24 the means to establish an unrivalled track record which is enhancing
productivity, increasing efficiency, mitigating risk, expanding channels-to-market, lowering costs,

improving customer service, optimizing up-sell and cross-sell opportunities, driving growth, and
boosting profitability.
T24 provides a high performance foundation to manage users, customers, processes, risks,
delivery channels and applications - as well as deploy a full range of banking services across
specialized lines of business. T24 is the most widely deployed banking software globally, and this
experience continues to be built back into T24, giving T24 the most comprehensive coverage
across: retail, corporate, wholesale, universal, Islamic, private wealth management and
Microfinance banking.
Carrying high volumes based on multiple, secure and scalable servers, T24 does not limit the
number of transactions, users or customers. Having more than 55 offices worldwide, Temenos is
providing over 1,500 customer deployments in more than 125 countries across the world. This
ensures T24 is able to support any size of financial institution and all levels of traffic.
Board of Directors
CHAIRMAN
Mr. Md. Nazrul Islam Mazumder
DIRECTORS
I. Mr. Md. Nazrul Islam Swapan
II. Mr. Mohammad Abdullah
III. Mrs. Nasreen Islam
IV. Mr. Mohammed Shahidullah
V. Al-haj Md. Nurul Amin
VI. Mr. Mohammad Omar Farooque Bhuiyan
VII. Mr. Anjan Kumar Saha
VIII. Mr. Md. Habib Ullah Dawn
IX. Major Khandaker Nurul Afser (Retd.)
X. Lt. Col. (Retd) Serajul Islam BP (BAR)
XI. Mr. Ranjan Chowdhury
XII. Khandakar Mohammed Saiful Alam
XIII. Mr. Muhammad Sekandar Khan
MANAGING DIRECTOR & CEO
Dr. Mohammed Haider Ali Miah

Shariah Supervisory Committee of the Bank
EXIM Bank started its banking operation as a conventional Bank since August 03, 1999. To suit
the demand of time as well as to reach the Islami Banking Business to a large community, EXIM
Bank the first pioneer in the country converted its mode of operation and started its pace as full-
fledged Islami Bank since July, 2004. To ensure the proper implementation of Islami Banking
Principles in its operation, the bank framed a strong Shariah Supervisory Committee consists of
following learned & elite Mufti, well reputed Economists and Bankers of the country :
Professor Maulana Mohammad Salah Uddin
Chairman
[Khatib, Baitul Mukarram National Mosque]
Maulana Mohammad Sadequl Islam
Member
[Imam & Khatib, Mohakhali DOHS Jame Masjid]
Professor H. M. Shahidul Islam Barakaty
Member
[Director, Southeast University]
Hafez Maulana Mufti Mohammad Khairullah
Member
[Chief Mufti, Jamia Ambarshah Al-Islamiah,
Karwan Bazar]
Moulana Md. Abdur Razzaque
Member
[Principal, Madinatul Ulum Mpdel Institute
Boys' Kamil Madrasa, Tejgaon]
Mr. Md. Abdul Mannan
Member
Mr. Md. Fahim Zaman Pathan
Member
Mr. A.K.M Nurul Fazal Bulbul
Member
Mr. Zubayer Kabir
Member

Mr. Mohammad Omar Farooque Bhuiyan
Member
Dr. Mohammed Haider Ali Miah
Member
[Managing Director, EXIM Bank]
Abul Quasem Md. Safiullah
Member Secretary
[SAVP, EXIM Bank]
Moreover, the experienced Muraqibs are employed to supervise & monitor the day to day
operation of the bank as well as provide necessary guidelines in order to ensure full compliance
of Shariah Principles which created a distinguished difference from the conventional banks and
secured a strong position in Banking Arena:
Share Information of EXIM Bank:
Year of Incorporation: 1999
Year of IPO: 2004
Year of Denomination of Shares: 2010
Authorized Capital: Tk. 20,000.00 Million
Paid-up Capital: Tk. 10,514.86 Million
Face Value: Tk.10.00 per share;
Market Lot: 100 Shares.
Date of listing with DSE: September 26, 2004
Date of listing with CSE: September 04, 2004
Instrument Scrip Code: EXIMBANK (DSE); EXIMBANK (CSE)
Date of 1st Trading: October 16, 2004
Opening price on 1st Trading Date: 517.00
Deposits:
Mudaraba Monthly Saving Scheme (Money Grower)
Objectives of the Scheme

A monthly savings scheme. Secure your future with ease. A small savings of today will provide
you comfort tomorrow.
Savings Period and Monthly Installment Rate
The savings period is for 5, 8, 10 or 12 years.
Monthly installment is Tk. 500/-, 1000/-, 2000/- or 5000/-.
Not less than 65% of investment income shall be distributed among the Murabaha
Depositors as per weightage. The deposit will bear weightage 1.16, 1.17, 1.18, 1.19 respectively.
Bank reserves the right to change the weightage of deposit & percentage of distribution of
Investment Income.
Monthly Installment Deposit
 The savings amount is to be deposited within the 10 th of every month. In case of
holidays the deposit amount is to be made on the following day.
 The deposits may also be made in advance.
 The depositor can have a separate account in the bank from which a standing
instruction can be given to transfer the monthly deposit to the scheme account.
If the depositor fails to make the monthly installment in time, then 5% on overdue
installment amount will be charged. The charged amount to be added with the following month(s)
installment and the lowest charge will be Tk. 10/- (Taka Ten).
Withdrawal
Generally, withdrawal is not advised before a 5 (five)-year term, but if it is withdrawn before
the above term, profit will be paid at savings rate. However, no profit will be paid if the deposit is
withdrawn within 1 (one) year of opening the account.
In case the depositor wishes to withdraw between the 5, 8, 10 or 12 years period then full
profit will be paid for a completed term and savings rate will be applicable for the fractional period.
Quard Advantage
After 3 (three) years of savings in this scheme the depositor (if adult) is eligible for a quard
up to 90% of his/her deposited amount. In that case, profit rates on the quard will be applicable
as per prevailing rate at that time.
Reasons for disqualification from this scheme
 If the depositor fails to pay 3 (three) installments in a row, then he/she will be
disqualified from this scheme and profit will be applicable as mentioned in
withdrawal clause.
 If a depositor fails to pay 5 (five) installments in a row after completion of any one
of these terms, then the Bank reserves the right to close the account and profit will
be paid as mentioned in withdrawal clause.
 In case of death of the depositor the scheme will cease to function. The amount
will be handed over to the nominee of the deceased depositor. In case of absence

of the nominee, the bank will hand over the accumulated amount to the successor
of the deceased.
Achievement from the scheme
The accumulated amount may be more or less of following table
Term Monthly Installment
500/- 1,000/- 2,000/- 5,000/-
5 yrs. 39,041/- 78,082/- 1,56,164/- 3,90,411/-
8 yrs. 74,202/- 1,48,404/- 2,96,809/- 7,42,024/-
10 yrs. 1,05,095/- 2,10,190/- 4,20,380/- 10,50,952/-
12 yrs. 1,44,461/- 2,88,923/- 5,77,847/- 14,44,618/-
Rules
 A form has to be filled at the time of opening the account. Attested photographs
are advised.
 The depositor can select any of the installment amounts which cannot be
subsequently changed.
 In case of minors, the guardians may open and supervise the account in his favor.
 A single person can open more than one account for saving under several
installment amount.
 The accumulated deposit with profit will be returned within one month of
completion of a term.
 The depositor should notify the bank immediately on any change of address.
 The government tax will be deducted from the profit accumulated in this scheme.
 If necessary, at the request of the depositor, the scheme can be transferred to
another branch.
 The Bank reserves the right to change the rules and regulations of the scheme as
and when deemed necessary.
 Income Tax on profit paid shall be deducted at the time of payment.
Mudaraba Su-Grehini Monthly Savings Scheme
A monthly savings Scheme. To help the housewives of all races & communities maximization
their wealth by providing remarkable return of their savings.
The savings period is for 3, 5,8,10 & 12 years.
Monthly installment is Tk. 200.00 and multiple of Tk. 500.00.

At least 65% of investment income shall be distributed among the Mudaraba Depositors
as per weightage. The Deposit will bear weightage 1.31, 1.33, 1.29, 1.29 and 1.28 respectively.
Bank reserves the right to change the weightage of deposit and percentage of distribution
of Investment Income.
The savings amount is to be deposited within the 10th of every month. In case of holidays
the deposit amount is to be made on the following day.
The deposits may also be made in advance.
The depositor can have a separate account in the bank from which a standing instruction
can be given to transfer the monthly deposit to the scheme account.
Withdrawal
Generally, withdrawal is not advised before a 3(three)-year term, but if it is withdrawn
before the above term, profit will be paid at Savings rate. However, no profit will be paid if the
deposit is withdrawn within 1 (one) year of opening the account.
In case the depositor wishes to withdraw between the 3, 5, 8, 10 or 12 years period then
full profit will be paid for a completed term and savings rate will be applicable for the fractional
period.
Investment Facility
The depositor (except minor) can avail investment facility upto 90% of deposited amount
after completion of 01 (one) year subject to application of normal terms & conditions of investment
the bank.
If the depositor fails to deposit 03 (three) consecutive installments at any point of time, it
will cease the right of depositor to remain within the purview of the account and profit against
balance of deposited amount will be allowed as per terms & conditions for premature encashment.
In case of death of account holder(s), the account will be in-operative and the entire
deposited amount with profit (if applicable) shall be paid to the nominee or the legal guardian of
minor nominee(s) as mentioned in the account opening form. If the nominee is minor, the same
shall be paid to the legal guardian of the minor. In other cases, the amount shall be released as
per rules in force.

Weightage
Rate of
Profit
Year
Different slabs and estimated payable after maturity (may be more or
less) (Amount in Tk.)
200/- 500/- 1,000/- 2,000/- 5,000/- 10,000/- 20,000/-
1.31 12.50 3 years 8772/- 21930/- 43861/- 87721/- 219303/- 438607/- 877214/-
1.33 12.60 5 years 16773/- 41934/- 83867/- 167734/- 419335/- 838670/- 1677341/-
1.29 12.70 8 years 33372/- 83429/- 166858/- 333716/- 834289/- 1668577/- 3337154/-
1.29 12.80 10 years 48746/- 121865/- 243729/- 487459/- 1218647/- 2437289/- 4874589/-
1.28 12.90 12 years 68888/- 172221/- 344442/- 688884/- 1722211/- 3444421/- 6888842/-
Requirements
 Two copies of recent passport size photographs of account holder attested
by the introducer.
 One copy passport size photograph of nominee attested by the account
holder.
 Copy of Passport/National ID Card/Word Commissioner's Certificate of the
account holder acceptable to the bank.
Other conditions of the product:
Customers' account(s) held with the Bank to any of the followings:
No cheque book will be issued under the scheme.
If there occurs any loss in the business, the same to be borne by the Saheb-Al-Maal.
The laws, rules & regulations of Bangladesh, custom & procedures applicable to the
scheduled bank in Bangladesh shall apply to and govern the conduct of the account opened with
bank.
Though the Bank maintains strict confidentiality in all affairs of the account, Bank shall
always be entitled to discloseany information regarding customers'account(s)held with the Bank
to any of the followings:
i. Any regulatory, supervisory, governmental or quasi-governmental authority with the
jurisdiction over the bank.
ii. Any person to whom the bank is required or authorized by law or court order to make
disclosure.
Any change of the information furnished by the customer herewith must be notified to the
bank immediately, otherwise the bank will not be liable for the consequences.
The customeragrees that the bank will not be liable for any loss or any damage if the bank
is unable to provide services in connection with any customer's accounts due to postal, courier,
electrical, mechanical, telecommunications or by reason of act of god, catastrophe, war, civil or

industrial disturbance, computer failure or any other cause beyond Bank's control and that cannot
be overcome by reasonable diligence and without unusual expenses.
Operation of this account will be guided by the Money Laundering Prevention Act-2012
and other terms & conditions as prescribed by the Bank from time to time.
VAT/Taxes/Excise Duty or other charges (if applicable) to be deducted from the account
as per prevailing rules of competent authority (ies).
Bank reserves right to change/amend/alter/modify the weightage, profit distribution
principles or any of the rules of the scheme from time to time as per Bank's standard & policy.
Mudaraba Femina Monthly Savings Scheme
A monthly savings Scheme. To help the female employees of all races & communities
maximization their wealth by providing remarkable return of their savings.
The savings period is for 3, 5,8,10 & 12 years.
as per weightage. The Deposit will bear weightage 1.32, 1.34, 1.30, 1.30 and 1.29 respectively.
Withdrawal
Generally, withdrawal is not advised before a 3(three)-year term, but if it is withdrawn
before the above term, profit will be paid at Savings rate. However, no profit will be paid if the
deposit is withdrawn within 1 (one) year of opening the account.

In case the depositor wishes to withdraw between the 3, 5, 8, 10 or 12 years period then
full profit will be paid for a completed term and savings rate will be applicable for the fractional
period.
Investment Facility
the bank.
per rules in force.
The accumulated amount may be more or less of following table:
Weightage
Rate of
Profit
Year
Different slabs and estimated payable after maturity (may be more or
less) (Amount in Tk.)
200/- 500/- 1,000/- 2,000/- 5,000/- 10,000/- 20,000/-
1.32 12.60% 3 years 8786/- 21966/- 43932/- 87863/- 219659/- 439317/- 878634/-
1.34 12.70% 5 years 16820/- 42049/- 84099/- 168199/- 420499/- 840999/- 1681998/-
1.30 12.80% 8 years 33527/- 83818/- 167637/- 335273/- 838183/- 1676366/- 3352732/-
1.30 12.90% 10 years 49040/- 122600/- 245200/- 490399/- 1225999/- 2451997/- 4903995/-
1.29 13.00% 12 years 69403/- 173509/- 347017/- 694035/- 1735087/- 3470173/- 6940346/-
Requirements
Two copies of recent passport size photographs of account holder attested by the
introducer.
One copy passport size photograph of nominee attested by the account holder.
Copy of Passport/National ID Card/Word Commissioner's Certificateof the accountholder
acceptable to the bank.

bank.
disclosure.
Mudaraba Senior Monthly Savings Scheme
A monthly savings Scheme. To inspire the Senior Citizens of the society towards savings of their
idle money in the profitable deposit scheme.
The savings period is for1 & 2 years.
as per weightage. The Deposit will bear weightage 1.36 and 1.42 respectively.

Withdrawal
No profit shall be allowed for premature encashment within 01 (one) year.
Profit shall be allowed at the provisional rate of Mudaraba Savings Deposit if it is encashed
after 01 (one) year but before 02(two) years.
If the account is encashed after completion of any tenure (as prescribed by the bank) but
before maturity, depositor(s) will be entitled to receive full benefit for the completed tenure at the
provisional rate of profit prescribed there-against. For remaining period depositor(s) will receive
benefit at the provisional rate of profit prescribed for Mudaraba Savings Deposit.
Investment Facility
the bank.
per rules in force.
The accumulated amount may be more or less of following table:

Year
Different slabs and estimated payable after maturity (may be more or less) (Amount in
Tk.)
200/- 500/- 1,000/- 2,000/- 5,000/- 10,000/- 20,000/-
1 year 2576/- 6440/- 12879/- 25759/- 64397/- 128795/- 257590/-
2 years 5537/- 13842/- 27685/- 55370/- 138425/- 276850/- 553700/-
Requirements
introducer.
bank.
disclosure.

Mudaraba Monthly Saving Scheme (Money Grower)
A monthly savings scheme. Secure your future with ease. A small savings of today will provide
you comfort tomorrow.
The savings period is for 5, 8, 10 or 12 years.
Monthly installment is Tk. 500/-, 1000/-, 2000/- or 5000/-.
Not less than 65% of investment income shall be distributed among the Murabaha
Depositors as per weightage. The deposit will bear weightage 1.16, 1.17, 1.18, 1.19 respectively.
Bank reserves the right to change the weightage of deposit & percentage of distribution of
Investment Income.
The savings amount is to be deposited within the 10 th of every month. In case of holidays
Withdrawal
Generally, withdrawal is not advised before a 5 (five)-year term, but if it is withdrawn before
the above term, profit will be paid at savings rate. However, no profit will be paid if the deposit is
withdrawn within 1 (one) year of opening the account.
In case the depositor wishes to withdraw between the 5, 8, 10 or 12 years period then full
profit will be paid for a completed term and savings rate will be applicable for the fractional period.
Quard Advantage
After 3 (three) years of savings in this scheme the depositor (if adult) is eligible for a quard
up to 90% of his/her deposited amount. In that case, profit rates on the quard will be applicable
as per prevailing rate at that time.

If the depositor fails to pay 3 (three) installments in a row, then he/she will be disqualified
from this scheme and profit will be applicable as mentioned in withdrawal clause.
If a depositor fails to pay 5 (five) installments in a row after completion of any one of these
terms, then the Bank reserves the right to close the account and profit will be paid as mentioned
in withdrawal clause.
In case of death of the depositor the scheme will cease to function. The amount will be
handed over to the nominee of the deceased depositor. In case of absence of the nominee, the
bank will handover the accumulated amount to the successor of the deceased.
Term Monthly Installment
500/- 1,000/- 2,000/- 5,000/-
5 yrs. 39,041/- 78,082/- 1,56,164/- 3,90,411/-
8 yrs. 74,202/- 1,48,404/- 2,96,809/- 7,42,024/-
10 yrs. 1,05,095/- 2,10,190/- 4,20,380/- 10,50,952/-
12 yrs. 1,44,461/- 2,88,923/- 5,77,847/- 14,44,618/-
Rules
A form has to be filled at the time of opening the account. Attested photographs are
advised.
The depositor can select any of the installment amounts which cannot be subsequently
changed.
In case of minors, the guardians may open and supervise the account in his favor.
A single person can open more than one account for saving under several installment
amount.
The accumulated deposit with profit will be returned within one month of completion of a
term.
The depositor should notify the bank immediately on any change of address.
The government tax will be deducted from the profit accumulated in this scheme.
If necessary, at the request of the depositor, the scheme can be transferred to another
branch.
The Bank reserves the right to change the rules and regulations of the scheme as and
when deemed necessary.
Income Tax on profit paid shall be deducted at the time of payment.

Mudaraba Su-Grehini Monthly Benefit Scheme
A monthly Benefit Scheme. To help the housewives of all races & communities maximization their
wealth by providing remarkable return of their savings.
Monthly Benefit
The monthly benefit period is 1 year.
Any Housewife having sound mind can open a Mudaraba Su-Grehini Monthly Benefit
Scheme with any branch of the bank by depositing at least Tk. 25,000/- (twenty five thousand)
and its multiple amount on any day of the month.
as per weightage. The Deposit will bear weightage 1.27.
Benefit against the deposited amount of the account would be credited to the Mudaraba
Savings Deposit Account of the client maintained with the branch on the same day of every
succeeding month as per Rate Circular.
One or more account(s)can be opened in the same name at the same branch of the bank.
Encashment
In case of premature encashment of "Su-Grehini Mudaraba Monthly Benefit Deposit
Scheme" no profit shall be paid to the depositor.
Normally, deposited amount of Mudaraba Su-Grehini Monthly Benefit Scheme is not
encashable before maturity. If any depositor intends to encash his/her receipt before maturity due
to certain unavoidable circumstances, the following terms & conditions will come into force: no
profit shall be allowed for premature encashment within 01 (one) year.
In case of death of account holder(s), the nominee(s) may continue the account till
maturity. In that case, nominee(s) or legal guardian of minor nominee(s) must open a Mudaraba
Savings Deposit with the branch. The branch will credit monthly benefit of deposited amount of
the account holder (deceased) to the account opened by the nominee(s)/legal guardian of minor
nominee(s).
Investment Facility
Investment against lien of such receipt may be allowed upto 80% of deposited amount
subject to application of normal terms & conditions of investment of the bank. Benefit of Mudaraba
Su-Grehini Monthly Benefit Scheme will be credited to the Investment Account of the client(s) till
full adjustment of total liability.

per rules in force.
Tenure/periodWeightage Provisional
Rate of
Profit
Net Payable after
deduction
of 10% for Tk. 1.00 lac
Net Payable after
deduction
01 (one) year 1.27 13.75% Tk. 1031/- Tk. 974/-
Requirements
introducer.
bank.
disclosure.

Mudaraba Femina Monthly Benefit Scheme
A monthly Benefit Scheme. To help the female employees of all races & communities
maximization their wealth by providing remarkable return of their savings.
A monthly Benefit Scheme. To help the female employees in making positive contribution
to their family by providing fund in family's financial crises.
Monthly Benefit
 Any Housewife having sound mind can open a Mudaraba Su-Grehini Monthly
Benefit Scheme with any branch of the bank by depositing at least Tk. 25,000/-
(twenty five thousand) and its multiple amount on any day of the month.
 At least 65% of investment income shall be distributed among the Mudaraba
Depositors as per weightage. The Deposit will bear weightage 1.27.
 Bank reserves the right to change the weightage of deposit and percentage of
distribution of Investment Income.
 Benefit against the deposited amount of the account would be credited to the
Mudaraba Savings Deposit Account of the client maintained with the branch on the
same day of every succeeding month as per Rate Circular.
One or more account(s) can be opened in the same name at the same branch of the bank.
Encashment
Normally, deposited amount of "Mudaraba Femina Monthly Benefit Scheme" is not en-cashable
before maturity. If any depositor intends to encash her account before maturity due to certain
unavoidable circumstances, the terms & conditions for premature encashment of Mudaraba
Monthly Savings Deposit Scheme will come into force. In case of premature encashment of
"Mudaraba Femina Monthly Benefit Scheme" no profit shall be paid to the depositor.
In case of death of account holder(s), the nominee(s) may continue the account till maturity. In
that case, nominee(s) or legal guardian of minor nominee(s) must open a Mudaraba Savings
Deposit with the branch. The branch will credit monthly benefit of deposited amount of the account
holder (deceased) to the account opened by the nominee(s)/legal guardian of minor nominee(s).

Investment Facility
Investment against lien of such receipt may be allowed upto 80% of deposited amount subject to
application of normal terms & conditions of investment of the bank. Benefit of Mudaraba Su-
Grehini Monthly Benefit Scheme will be credited to the Investment Account of the client(s) till full
adjustment of total liability.
In case of death of account holder(s), the account will be in-operative and the entire deposited
amount with profit (if applicable) shall be paid to the nominee or the legal guardian of minor
nominee(s) as mentioned in the account opening form. If the nominee is minor, the same shall be
paid to the legal guardian of the minor. In other cases, the amount shall be released as per rules
in force.
Tenure/period Weightage Provisional
Rate of
Profit
Net Payable after
deduction
Net Payable after
deduction
01 (one) year 1.27 13.75% Tk. 1031/- Tk. 974/-
Requirements
 Two copies of recent passport size photographs of account holder attested by the
introducer.
 One copy passport size photograph of nominee attested by the account holder.
 Copy of Passport/National ID Card/Word Commissioner's Certificate of the
account holder acceptable to the bank.
 No cheque book will be issued under the scheme.
 If there occurs any loss in the business, the same to be borne by the Saheb-Al-
Maal.
 The laws, rules & regulations of Bangladesh, custom & procedures applicable to
the scheduled bank in Bangladesh shall apply to and govern the conduct of the
account opened with bank.
 Though the Bank maintains strict confidentiality in all affairs of the account, Bank
shall always be entitled to disclose any information regarding customers'
account(s) held with the Bank to any of the followings:
disclosure.

 Any change of the information furnished by the customerherewith mustbe notified
to the bank immediately, otherwise the bank will not be liable for the
consequences.
 The customer agrees that the bank will not be liable for any loss or any damage if
the bank is unable to provide services in connection with any customer's accounts
due to postal, courier, electrical, mechanical, telecommunications or by reason of
act of god, catastrophe, war, civil or industrial disturbance, computer failure or any
other cause beyond Bank's control and that cannot be overcome by reasonable
diligence and without unusual expenses.
 Operation of this account will be guided by the Money Laundering Prevention Act-
2012 and other terms & conditions as prescribed by the Bank from time to time.
 VAT/Taxes/Excise Duty or other charges (if applicable) to be deducted from the
account as per prevailing rules of competent authority (ies).
 Bank reserves right to change/amend/alter/modify the weightage, profit distribution
principles or any of the rules of the scheme from time to time as per Bank's
standard & policy.
Mudaraba Senior Monthly Benefit Scheme
 A monthly Benefit Scheme. To inspire the Senior Citizens of the society towards savings
of their idle money in the profitable deposit scheme.
 A monthly Benefit Scheme. To help the aged people for keeping their hard earned money
in profitable Account.
Monthly Benefit
 Any Senior Citizen having sound mind can open a Mudaraba Su-Grehini Monthly Benefit
Scheme with any branch of the bank by depositing at least Tk. 25,000/- (twenty five
thousand) and its multiple amount on any day of the month.
 At least 65% of investment income shall be distributed among the Mudaraba Depositors
as per weightage. The Deposit will bear weightage 1.27.
 Bank reserves the right to change the weightage of deposit and percentage of distribution
 Benefit against the deposited amount of the account would be credited to the Mudaraba
Savings Deposit Account of the client maintained with the branch on the same day of
every succeeding month as per Rate Circular.
One or more account(s) can be opened in the same name at the same branch of the bank.
Encashment
Normally, deposited amount of "Mudaraba Senior Monthly Benefit Scheme" is not en-cashable
before maturity. If any depositor intends to encash her account before maturity due to certain
unavoidable circumstances, the terms & conditions for premature encashment of Mudaraba

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