Premier Bank PLC, a leading private commercial bank in Bangladesh, offers Shariah-compliant financial services through its Islamic Banking division known as Premier Islamic. Established in 2003, this unit operates under strict supervision of a Shariah Supervisory Committee to ensure full compliance with Islamic principles. Premier Islamic offers a wide range of deposit products including Mudaraba Savings Accounts, Mudaraba Term Deposits, Mudaraba Savings Scheme, Hajj Umrah Scheme & Hajj Plan and Al-Wadiah Current Account and Shariah complaint Investment products under Bai-Murabah/Muajjal, Bai-Salam, HPSM and Musharaka Modes. These services are available through dedicated Islamic branches as well as Islamic banking windows within conventional branches across the country.
Premier Bank Islamic offers transactional current accounts designed under Al-Wadiah Shariah Principle. Fund is deposited with the Bank with clear permission to utilize or invest. Al Wadiah is a form of trust-based safekeeping. The banks must return the deposited amount in Al-Wadiah on demand of the holders. The depositors must pay government taxes and other charges, if any.
Premier Bank Islamic offers all profit bearing deposit accounts under Mudaraba partnership contract wherein capital provider (Rabb-ul-Maal) bears the risk and the Manager of funds (Mudarib) contributes expertise and management skills to employ the funds in Shariah Compliant activities and depositors receive a pre-agreed share of the profit generated from business activities.
The Al-Wadiah Current Account is suitable for individuals and business enterprises... ...
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Read MoreTo purchase a new apartment, construction a home or renovation or an existing property ...
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