PUBALI BANK LIMITED

ISLAMIC BANKING

Mudaraba Hajj Savings Account

Terms and Conditions

  • Specific papers/ documents on the basis of the type of the customer.
  • Photograph of Account holder is required.
  • Specimen Signature is required.
  • Account must be opened only for an individual name. Any person can open account for one year to twenty years.
  • If any person wants to perform hazz before the stipulated time then he or she needs to adjust the rest amount of money from his/ her own sources.
  • Nominee is a must. In case of death or any other major problem of the account holder the nominated person must perform “Badla Hazz” in place of the original account holder.
  • After depositing some installment, if any account holder wants to withdraw money then he/ she will be paid profit at Mudaraba Savings rate.
  • Deposit date: At any day of the specific month.
  • Installment size: (Rough calculation for three years)
  • **Probable cost for the year 2011 is Tk.2,54,700/- and in each year estimated cost is increased about 5%

    Term (Year) 2011 2012 2013
    Installment size Probable cost of hazz Installment size Probable cost of hazz Installment size Probable cost of hazz
    20 1010 643600 1060 675700 1115 709500
    19 1070 612900 1125 643600 1180 675700
    18 1135 583700 1190 612900 1250 643600
    17 1205 555900 1265 583700 1330 612900
    16 1285 529500 1350 555900 1420 583700
    15 1380 504200 1445 529500 1520 555900
    14 1480 480200 1555 504200 1630 529500
    13 1595 457400 1675 480200 1760 504200
    12 1730 435600 1820 457400 1910 480200
    11 1880 411800 1980 435600 2085 457400
    10 2080 395100 2165 411800 2290 435600
    09 2310 376300 2420 395100 2545 414800
    08 2595 358400 2725 376300 2860 395100
    07 2960 341300 3110 358400 3265 376300
    06 3445 325000 3620 341300 3800 358400
    05 4125 309600 4330 325100 4545 341300
    04 5140 294800 5395 309600 5660 325000
    03 6820 280800 7160 294800 7520 309600
    02 10185 267400 10695 280800 11225 294800
    01 20255 254700 21265 267400 22330 280800

    Profit rate

    Mudaraba Deposit Investment Income Sharing Ratio
    Bank Depositor
    Mudaraba Hazz Savings Account 15% 85%

    For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com