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Housing is one of the basic needs. Like other citizens, the expatriates desire for comfortable accommodation of their own. To meet their above expectations and make life easier, IBBL has designed this installment-based savings scheme. Under this scheme, they can save a portion of their income for housing purposes. On maturity of the scheme, they can build up an adequate equity to construct or purchase a house/flat.
Any Bangladeshi citizen residing or working abroad can open and operate this Account.
MEHDS account operates on Mudaraba (Profit-Loss sharing) principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per weightage. Hereby the rate of profit paid is variable.