Business Desk : dhakamirror.com
Islami Bank Bangladesh Ltd (IBBL) launched five new products in Dhaka yesterday.
Mohammed Monirul Moula, managing director of IBBL, presented the products at the bank’s headquarters in the capital, according to a press release.
Under the Education Savings Scheme, guardians can open a monthly instalment-based account in the name of a minor. Account holders of 10 and 15-year tenures will get preference for the IBBL scholarship.
Any non-resident Bangladeshi can open an account under the Mudaraba Expatriate Deposit scheme and the tenure of the account is 3, 5, 10 and 15 years.
Senior citizens above 50 years of age can open a Mudaraba Senior Citizen Monthly Deposit Scheme, while professionals having monthly income over Tk 30,000 can avail investment under Swapnokutir Housing Investment Scheme. The bank will provide investment up to Tk 30 lakhs for developments in rural and commercial areas under this scheme.
The Education Investment Scheme is designed for facilitating students to attain higher education at home and abroad. Students above 18 years of age or parents of the minor are eligible for this scheme.