Reputed developers / businessman acceptable to the Bank.
Nature of Goods / Items
Construction of apartment / commercial building, Purchase of commercial space / building, renovation & installation of lift, generator, sub station etc.
Mode of Investment
Bai-Muajjal on revolving basis / HPSM
Period of Investment
Maximum 4-years for developers, maximum 8 to 10 years for construction of commercial building (purpose wise).
Rate of Return
16.00% or the Rate to be determined by the Bank from time to time.
Amount of Investment
For Developers – 30% of construction cost. For construction of commercial building by individual person(s) other than developers – 50% of construction cost but not to exceed Tk.150.00 million, For purchasing of commercial space / building – 50% of cost price.
Age of Clients
Registered mortgage on land / building / flat, Personal Guarantee(s) of client / directors, MSS / TDR as additional security etc.
How to Apply
Application Form shall have to be collected from nearest Branch of Islami Bank Bangladesh Ltd.