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What is Mudaraba Account Terms and Conditions about?

This document outlines the terms and conditions for a Mudaraba savings account with Shahjalal Islami Bank Ltd. Key points include: - The bank collects deposits under Islamic shariah rules and invests 65% of profits with depositors while absorbing any losses. - Minimum balances must be maintained to keep the account open. The bank reserves the right to close accounts that fall below the minimum for more than 6 months. - Withdrawals are limited to 25% of the balance twice per week to qualify for profits.

Author

chandra

Language

EN