HPSM

Hire Purchase under Shirkatul Mielk (HPSM) Hire Purchase under Shirkatul Milk (HPSM) is a special type of contract; it is the combination of three separate contracts: Shirkat; Ijarah & Sale. Shirkatul Mielk:Shirkat refers to partnership. Shirkatul Mielk means share in ownership. When two or more persons supply equity, purchase an asset, own the same jointly,…

Bai-Murabaha

Bai-Murabaha Bai-Murabaha may be defined as a contract between a buyer and a seller under which the seller sells certain specific goods (permissible under Islamic Shariah and the Law of the land), to the buyer at a cost plus agreed profit payable in cash or on any fixed future date in lump-sum or by installments….

Bai-Muajjal

Bai-Muajjal Bai Al-Muajjal  is a contract between a Buyer and a Seller under which the Seller sells certain specific goods permissible under Islamic Shari‘ah and Law of the land to the Buyer at an agreed fixed price payable at a certain fixed future date or within a fixed period in lump sum or by fixed instalments. The…

Mudaraba Marriage Deposit Scheme

Mudaraba Marriage Deposit Scheme As per Islamic Shariah, the finance company introduces this Account for saving up for marriage of an individual. Any customer may open account in the name of his wife for monthly installment of Tk. 1,000/-, Tk. 2000/-, Tk. 3,000/-, Tk. 4,000/- and Tk. 5,000/- only in 3 years to 10 years…

Mudaraba Mohor Deposit Scheme

Mudaraba Mohor Deposit Scheme As per Islamic Shariah, it is Fard for a husband to pay Muhorana to his wife. The finance company introduces this account for creation of opportunities to establish this Fard. Any conscious husband may open account in the name of his wife for monthly installment of Tk. 1,000/-, Tk. 2000/-, Tk….

Mudaraba Hajj Deposit Scheme

Mudaraba Hajj Deposit Scheme Any Muslim intending to perform Hajj by building-up deposit in Hajj Saving Account required for meeting Hajj expenses will select one from the alternative choices based on duration of period from 3 year to 10 years for building up savings by monthly installments Required Documents Complete account opening form 02 copies…

Mudaraba Deposit Pension Scheme

Mudaraba Deposit Pension Scheme Mudaraba Deposit Pension Scheme of 3-year to 10-year term may be opened for monthly deposits of Tk. 1000.00 and Multiple of thousand up to Tk. 20,000.00 only. After maturity of the account, the account holder will be paid his deposited amount with profit earned at that time. Required Documents Complete account…

Mudaraba Term Deposit

Mudaraba Term Deposit Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba concept. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdraw able subject…

Double Money Deposit Scheme

Double Money Deposit Scheme Deposit Double Scheme (DDS) of Aviva Finance entitles to double the initial one time deposit in the shortest possible time frame. The objective of the scheme is to provide maximum benefit to clients and help meet specific needs like education, marriage, etc. Given stiff competition and changing scenario of interest rate…