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Mudaraba Golden Age Savings Account (MGAS)

Eligibility

Any citizen of Bangladesh [age 60 years and above] having sound mind individually or jointly can open this account.

Islamic Principles

Mudarabais a partnership in profit whereby one party provides capital and the other party provides skill and labour. Profit distributed as per pre-agreed ratio and loss is borne by Sahib Al Maal.

Required/Identification Document

     Complete account opening form with TP & KYC.

     Photocopy of NID/Passport/Driving License/Ward Commissioner Certificate with photo (Photo must be attested by ward commissioner).

     Two recent Passport size photographs of each account holder duly attested by Introducers.

     Introducer’s signature in the A/C opening form and at the back of the photograph(s) of signatories.

     Passport size photograph of nominee (attested by the account holder).

     Proof of Address- Copy of Utility Bill for latest 3 months.

     Updated TIN (Optional).

     Any other documents as required under prevailing rules & regulations of the Bank considering the nature of the Depositor(s).

     Charges: See schedule of charges of the bank.