Acquiring Service
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 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)
Current month’s ISR of each types of Deposit Account Customers
| Name of the deposit product | Business segment | Bank’s share | Customer’s share | Indicative Rate |
|---|---|---|---|---|
| Mudaraba Savings Account | Retail/ SME | 75% | 25% | 2.00% |
| Mudaraba Imperial Savings Account | Retail | 70% | 30% | 2.40% |
| Mudaraba Probashi Savings Account | Retail | 70% | 30% | 2.40% |
| Mudaraba Short Notice Deposit Account | SME/Corporate | 70% | 30% | 2.40% |
| Mudaraba Term Deposit 03 Month | Retail | 30% | 70% | 5.60% |
| SME/ Corporate | 55% | 45% | 3.75% | |
| Mudaraba Term Deposit 06 Month | Retail | 30% | 70% | 5.60% |
| SME/ Corporate | 55% | 45% | 3.75% | |
| Mudaraba Term Deposit 12 Month | Retail | 30% | 70% | 5.60% |
| SME/ Corporate | 50% | 50% | 4.00% | |
| Mudaraba Term Deposit 24 Month | Retail | 30% | 70% | 5.60% |
| SME/ Corporate | 45% | 55% | 4.50% | |
| Mudaraba Term Deposit 36 Month | Retail | 30% | 70% | 5.60% |
| SME/ Corporate | 45% | 55% | 4.50% | |
| Al-Wadiah Current Account | Retail/SME/Corporate | 100% | 0% | 0% |
Note: Effective from 1st September 2021
