Saadiq Family first savings account specially designed for employee banking clients with highest profit rate to save smart
profit monthly on day end account Balance
Account Maintenance Fee
access and fund transfer through i-Banking
Open account with any balance
Profit will be credited monthly on day end account balance
Auto Debit Instruction from your salary account can be set up easy fund transfer
Not issued for this account
Existing Employee Banking (payroll banking) client
Saadiq Family First Savings Account is exclusively designed for employee banking clients with highest estimated profit rate to save for their future personal and family needs.
Saadiq Family First Savings Account is based on the concept of Mudaraba. The profits from Islamic assets are shared between you and the Bank. Profit is calculated on the average monthly balance maintained in your accounts. Hence the more you save, the higher profit you will earn.
Mudaraba is essentially a portfolio performance based arrangement wherein one party (Customer) provides funds while another party (Bank) invests those funds to earn profits to be shared between the two parties. Conceptually, the resulting profit from the venture is shared between the parties as per an agreed ratio while loss if any has to be borne solely by the investing party/parties.
The Account Maintenance Fee is Free and minimum balance required to earn profit in this account is BDT 1000.
Debit Card and Chequebook facilities are not available with this account.
This account is intended to foster digital banking promoting cashless transactions.
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