“Micro Industries Investment Scheme (MIIS)”

Objective

i. To create wider base for industries as well as to encourage establishment of micro-industries in different areas of the country.
ii. To create potential entrepreneurs.
iii. Diversification of Bank investment portfolio.

Target Group

Engineering diploma/Degree holders/Technical persons.

Nature of Goods / Items

Food & Agriculture / Plastic & Rubber / Forestry & Furniture / Dairy Product Processing / Agro Based Engineering / Leather / Chemicals / Paper Product / Textiles / Recycling / Service / Electrical Accessories / Handicraft Industries / Computer Technology Industry / Manufacturing of Garments / Sewing & other machines for tailoring / all sorts of cottage industry etc.

Mode of Investment

Bai-Murabaha / HPSM (Considering the items)

Period of Investment

Bai-Murabaha -Maximum 1-year & HPSM 3-years excluding gestation period.

Rate of Return

9.00% or the rate to be determined by the Bank from time to time.

Amount of Investment

Maximum Tk.1.50 million

Bank's Participation

Investment equity ratio 80:20



Security

Immovable Properties above Tk.0.10 million + Hypothication / Lien of Machineries / Liquid Securities + PG / Inv. Against PG must ensure proper supervision & follow-up to recovery in all respect.

How to Apply

Application Form shall have to be collected from nearest Branch of Islami Bank Bangladesh Limited.

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