MSCMPD 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.

• Profit on provisional basis is paid every month.
• Additional amount of profit (if any) is paid after annual calculation of Final Rate
• Advance Income Tax as per Govt rules is deducted each time of profit payment
• Excise duty may be realized as per Govt norms

• Complete and duly signed account opening form
• NID/ Valid Passport/Driving License
• Recent Photo: 2 copy, passport size, attested by introducer
• Nominee’s NID & photo (attested by applicant)
• Recent electricity/ other utility bill in case of present address differing to NID/Passport
• Receipt copy of last year’s Income Tax return (optional)

**Bank may ask for any other additional document

• Qard facility: Qard (profit-free loan) against lien of the account may be allowed up-to 90% of the outstanding balance.