$

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

€

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

£

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

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Islamic Banking & Finance has turned into well accepted to the people and its suitability has been rising in the country and all over the world enormously. Islamic Banking & Finance has already been proved its significance in the field of economy caring almost 30% business volume of the whole banking business. The sector is also standing at leading point by discharging its responsibilities in Corporate Social Responsibility (CSR).

Highlighting on elevated ethical standards, it builds a society with the honest, responsible, caring & trustworthy people. The well designed pool of Liability & Asset products based on Islamic Shariah Principles, saves the banks from the rapid raising of non-performing resources and ensures quality of the assets. Islamic banking asset products confirm real transaction instead of only financial transaction, role of which is to ensure high productivity, employment etc. Thus, it has been effectively crossing the financial crisis broaden out all over the world following latest economic depression.

Now Islamic Banking & Finance is well competent to meet the emerging demand of the people who are interested in Riba free banking and also eager to manage their assets by this holistic system.

Dhaka Bank has been providing Islamic Banking services through its 2 (two) branches with adhere to the Islamic values & Integrity. Our first Islamic Banking Branch, Motijheel, Dhaka was inaugurated on July 02, 2003 and second one, Islamic Banking Branch, Muradpur, Chittagong was opened on May 22, 2004. We may mention that

Dhaka Bank is the pioneer to establish Shariah based banking operations

Objectives Of Islamic Banking Operations
  • To eliminate oppression & disparity from the economic field ensuring equitable distribution of wealth.
  • To establish honesty & justice.
  • To earn welfare by best utilization of assets without keeping idle.
  • To invest with caring welfare of individual & whole together and avoid uncertainty in the society.
  • To prioritize the welfare & necessity of the society instead of profit only.
  • To invest in comparative least developed & deprived area prioritizing common demand along with agriculture, Industry & Commerce.
  • To work for earning economical stability.
  • To meet basic needs & develop status of human life by ensuring proper utilization of human resources & wealth.
  • To assist legitimate business & financial transaction along with Riba free commodity base transaction.
  • To help in balanced development of the Society.
  • To engage small & big capital in business & create fastness in economy.
  • To avoid uncertainty in the society improving financial strength of distressed people with more confidence standing on Islamic Financial System.
  • To create various products derivatives considering modern economies demands.
  • To improve & develop life standard of Poor people caring their quality in main stream of Society.
  • To play role for alleviation of the poverty from the Society.
Shariah Supervisory Committee

Islamic-logo
Islamic Banking Operations of Dhaka Bank is conducted under keen supervision of Shariah Supervisory Committee. Shariah Supervisory Committee of Dhaka Bank consists of a team of Shariah scholars & experts, renowned Islamic banker, Lawyer along with personalities having outstanding strength in Qur’an, Hadith & Fiqh. The Shariah Supervisory Committee meeting held at least once in a quarter and it reviews the Islamic Banking activities and provides their expert opinion on various Shariah related issues of Islamic Banking Operations. The Member Secretary discharges his duty as the chief of the Shariah Supervisory Committee Secretariat & the Muraquib acts in the Secretariat under Member Secretary & helps the Shariah Supervisory Committee for its regular activities.
A short introduction of Shariah Supervisory Committee is here under

Sl NoPictureNameDesignation
1Islamic CommitteeMr. Md. Fariduddin AhmedChairman
2Islamic CommitteeDr. Abu Noman Md. Rafiqur RahmanMember (Faqih)
3Islamic CommitteeDr. Mohd. Haroon RashidMember (Faqih)
4Islamic CommitteeMr. Hafej Mawlana Abdul GaffarMember (Faqih)
5Islamic CommitteeMr. Barrister Sabel NawazMember (Lawyer)
6Islamic CommitteeMr. Sheikh Mohammad MaroofMember (Ex-Officio)
7Islamic CommitteeMr. Md. Tipu SultanMember Secretary
Activities Of Islamic Banking Division
As per Guideline on Islamic Banking issued by Bangladesh Bank BRPD Circular No.15 dated November 9, 2009, a full pledged separate division namely “Islamic Banking Division” was established. Currently the Division is headed by a Senior Executive Vice President having experience in Islamic Banking & Finance. The duty & responsibility of the Division is exclusively as follows:

  • Framing Islamic Banking rules, regulations and Guidelines as well as their implementations.
  • Maintaining co-ordination with the Shariah Supervisory Committee and the other Divisions of the Bank.
  • Holding Shariah Supervisory Committee meeting at least once in a quarter and various Shariah related issues are discussed, reviewed & resolved.
  • Confirming investment of the Funds received for Islamic Banking Business under modes approved by Islamic Shariah.
  • Train up the manpower deployed in the Islamic Banking Branch.
  • Submission of required statements to the Central Bank.
  • Compliance of any other responsibility (ies), the Central Bank may assign from time to time.
  • Supervise the Islamic Treasury Function (Fund Management of Bangladesh Government Islamic Investment Bond, SLR/CRR maintenance etc.)
  • Conduct Shariah Audit/Inspection of the Islamic Banking Branches.
  • Supervising & monitoring Islamic Mudaraba deposit products namely “Tawfeer Mudaraba Savings Bond Account-TMSBA.
  • Determining final rates against provisional rates of various Mudaraba deposits Accounts at end of the year.
  • Other responsibilities/activities as and when assigned by the Management & day to day activities.
ISLAMIC BANKING PRODUCTS
Dhaka Bank has been maintaining following deposit products under Al Wadeeah & Mudaraba principle of Islamic Shariah under Islamic Banking Operations:

Deposit ProductsInvestment products
Al-Wadeeah Current AccountMurabaha Purchase Order
Mudaraba Savings AccountBai-Muazzal Industrial
Mudaraba Term Deposit AccountBai-Muazzal Others
Mudaraba Special Notice Deposit AccountMurabaha Post Import Trust Receipt
Mudaraba Pension Scheme AccountMurabaha Term Finance Industrial
Mudaraba Special Deposit Scheme AccountMurabaha Term Finance Others
Mudaraba Foreign Currency Deposit AccountHire Purchase Shirkatul Meelk
Tawfeer Mudaraba Deposit Pension Scheme (T- MDPS)Ijarah Transport
Tawfeer Mudaraba Savings Bond Account (T- MSBA)Ijarah Machinary & Equipment
Tawfeer Mudaraba Foreign Remittance Account (T- MFRA)
Mudaraba Gold Deposit Account
Mudaraba Platinum Deposit Account
Mudaraba Silver Deposit Account
Mudaraba Residence Foreign Currency Account
Mudaraba Ratib (Salary) Account
Mudaraba Waqf Cash Individual Account
Mudaraba Waqf Cash General Account
Aroni Mudaraba Savings Account
Aroni Mudaraba DPS Account
Mudaraba Marriage Deposit Scheme
Mudaraba Hajj Savings Scheme
Tayyebah Lakhpoti Deposit Scheme
Tayyebah Kotipoti Deposit Scheme

Besides, Selling of Payment Order, Demand Draft, issuance of Bank Guarantee, Performance Guarantee, Bid Bond, Customers Solvency Certificates, Foreign and other necessary banking services are also available at the 2 (two) Islamic Banking Branches under Islamic Banking Operations of Dhaka Bank.

We always welcome your valuable visit to our Islamic Banking Branches for further help.

Weightage of Mudaraba Deposits-2024

The deposit products of Tayyebah Dhaka Islamic Banking are conducted according to Mudarabah principle. That means, the Bank plays the role of entrepreneur/fund manager (Mudarib) and the depositors as fund provider (Rabb-al-Maal). Profit accrued from investment/financing are shared between the Mudaraba depositors and the Bank based on pre-agreed Profit Sharing Ratio (PSR).

As per Bangladesh Bank’s guidelines, Profit sharing ratio (PSR) between the Mudarabah depositors and the Bank (Mudarib) shall be declared at the time of Mudarabah contract and to be duly disclosed to the Mudarabah depositors.

In this system, firstly, Bank and all depositors will share distributable income based on pre-agreed Profit Sharing Ratio (PSR). Then, the bank will distribute the depositors’ share according to the pre-agreed weightage following Guidelines of Islamic Banking issued by Bangladesh Bank.

Profit Sharing Ratio (PSR) between Tayyebah Dhaka Islamic Banking of Dhaka Bank PLC. and all Mudarabah depositors is 35 : 65. Usually, Bank will pay profit at a Provisional Profit Rate subject to adjustment after finalizing the profit. PSR, weightage and provisional profit rate will be set by the Bank as per the approved policy from time to time.

Type of DepositBalance/TenorWeightage
Mudaraba Savings0-15,0000.2
15,001-100,0000.2
100,001-1,000,0000.2
1,000,001-5,000,0000.2
5,000,000+0.2
Mudaraba Staff Savings0.88
Mudaraba Payroll Savings0-10,0000.2
10,001-100,0000.2
100,001-1,000,0000.2
1,000,001-5,000,0000.2
5,000,000+0.2
Mudaraba Student Ledger SavingsAverage balance below 25,0000.47
Average balance 25,000 to 50,0000.47
Average Balance above Tk.50,0000.47
Aroni Mudaraba SavingsAverage Balance below Tk.5,0000.24
Average Balance above Tk.5,000 to Tk.50,0000.24
Average Balance above Tk.50,000 to Tk.10 Lac0.24
Average Balance above Tk.50,000 to Tk.50 Lac0.24
Average Balance above Tk.50 Lac0.24
Senior Citizen Mudaraba SavingsAverage Balance below Tk.500,0000.43
Average Balance above Tk.5 Lac to Tk.10 Lac0.43
Average Balance above Tk.10 Lac0.43
Mudaraba Value Max0-50,0000.43
50,001-500,0000.43
500,001-2,500,0000.43
2,500,001-10,000,0000.43
10,000,001 above0.43
Savings Bundle
SilverBalance below Tk.30,0000.31
Balance above Tk.30,0000.31
GoldBalance below Tk.50,0000.31
Balance above Tk.50,0000.31
PlatinumBalance below Tk.100,0000.31
Balance above Tk.100,0000.31
Mudaraba SND0.39
Corporate Supreme SND0.39
SND-Bank0.86
Retail MTDR24 Month1.2
12 Month1.2
6 Month1.14
3 Month1.05
1 Month0.63
Aroni MTDR6 Month1.14
12 Month1.2
SME MTDR6 Month0.98
12 Month1.02
Corporate MTDR1 Month0.63
3 Month0.94
6 Month0.98
12 Month1.04
SME MTDR Plus13 Month1.07
Retail Mudaraba FD Plus4 Month1.05
7 Month1.09
13 Month1.13
Tawfeer Mudaraba Savings Bond (T-MSBA)1 Year0.88
Tawfeer Foreign Remittance0.88
Mudaraba Marriage Deposit Scheme (MMDS)3 Year1.17
4 Year1.17
5 Year1.17
6 Year1.17
7 Year1.17
8 Year1.17
9 Year1.17
10 Year1.17
Mudaraba Hajj Savings Scheme (MHS)1 Year1.15
2 Year1.15
3 Year1.15
4 Year1.15
5 Year1.15
6 Year1.15
7 Year1.15
8 Year1.15
9 Year1.15
10 Year1.15
11 Year1.15
12 Year1.15
Mudaraba Double Deposit Scheme7.11 Year1.24
Mudaraba Deposit Pension Scheme (MDPS)2 Year1.15
3 Year1.15
4 Year1.15
5 Year1.15
6 Year1.15
7 Year1.15
8 Year1.15
10 Year1.15
Aroni MDPS2 Year1.17
3 Year1.17
4 Year1.17
5 Year1.17
6 Year1.17
7 Year1.17
8 Year1.17
10 Year1.17
Tawfeer Mudaraba Deposit Pension Scheme (TMDPS)3 Year1.1
4 Year1.1
5 Year1.1
6 Year1.1
7 Year1.1
8 Year1.1
10 Year1.1
Tayyebah Lakhpoti Deposit Scheme (MLDS)4 Year1.17
5 Year1.17
6 Year1.17
8 Year1.17
10 Year1.17
12 Year1.17

Note: The revised weightage of Mudaraba Deposit with effect from January 1, 2024 and remain valid till further revision.

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The nation was just halfway of its age; the passion for history and heritage and an obsession for faster pace exerted a powerful force for change in the business world. Many budding hopes grew as a choice of the new generation in the shadows of banking reformation of the nineties.

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Dhaka Bank has truly cherished and brought into focus the heritage and history of Dhaka and Bangladesh from Mughal outpost to modern metropolis. Most of its presentation, publications, brand initiatives, delivery channels, calendars and financial manifestations bear Bank’s commitment to this attachment.

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