Income Sharing Ratio (ISR) and Deposit Rate

Income Sharing Ratio (ISR) for UCB Taqwa Deposit Products

UCB Taqwa – Islamic banking declares Income Sharing Ratio (ISR) between Bank and Customer, which is applicable on its Bangladeshi Taka UCB Taqwa Mudaraba Savings Account, UCB Taqwa Mudaraba SND Account, UCB Taqwa Mudaraba Term Deposit Account, UCB Taqwa Monthly Income Term Deposit, UCB Taqwa Monthly Deposit Scheme

UCB TAQWA profit bearing accounts are operated under Shariah Mode “Mudaraba” where, it is a partnership business contract between Bank & Customer. Customer provides capital (Shaheb Al Maal) and Bank manages the business (Mudarib). Income generated is distributed between partners as per agreed Income Sharing Ratio (ISR)

• UCB TAQWA does not offer any provisional rate for any types of Mudaraba Accounts
• Profit Rate will be determined every month according to the Income Sharing Ratio (ISR) between Bank and Customer and Income from investment