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EBL Power Islamic Savings Account

EBL Islamic Banking offers various types of savings accounts structured under the Mudarabah contract, in accordance with Islamic Shariah principles. Under this contract, depositors receive a pre-agreed share of the profit generated from business activities, while also bearing the risk of any genuine loss—ensuring a truly Shariah-compliant banking experience that caters to both your savings goals and profit expectations.

EBL Power Islamic Savings Account (EBL-PISA) is one of the most popular savings account. It is thoughtfully designed for individual customers of all religions and all categories who are looking for an interest-free financial solution, while also being keen to earn some profit.

Contract

EBL Power Islamic Savings Account is based on the Islamic partnership contract Mudarabah.

Features and Benefits

Minimum amount to open BDT.1000
Free Skybanking mobile App facilities.
Free online transactions from any branch.
Free half-yearly e-Statement.
Dual currency visa platinum debit card facility.*
Cheque Book and SMS Alert facilities.
Cash withdrawal facilities at all EBL ATMs and CRMs.
Cash deposit facilities at all EBL CRMs.
Profit on daily balance and payable half-yearly.
No minimum balance required for profit accrual.
Facility to open Islamic Term Deposit and Monthly Profit.

Eligibility

Any Bangladeshi Individuals having contractual capacities.
Age 18 and above.
Parent or legal guardian may open in the name of child as minor account.
Joint account is also acceptable.

Required documents to open EBL PISA

One copy Passport sized photograph (lab print) of each account holder.
Photocopy of NID Card/ Valid Passport/ Birth Reg. Certificate (with attested photo ID) of each account holder.
One copy Passport sized photograph of nominee(s) (attested by the account holder)
Photocopy of NID Card/ Valid Passport of nominee.

Copy of Utility Bill (GAS/Electricity/WASA/Telephone). Only applicable if the correspondence address is other than the company address.
Separate CIF for other applicant/mandatee/operating parent/ beneficial owner.
Separate Nominee Information Form for more than 1 (one) nominee.
Proof of income as accepted by the Bank.
Proof of submission of return for AIT deduction at reduced rate.
For foreign nationals, as per Foreign Exchange guideline provided by BB.
EBL reserves the right to request additional document(s) to ensure due diligence.

Account Opening Form

To open EBL Executive Islamic Savings Account (Payroll Account) “EBL Islamic banking Account Opening Form: Individual Account” will be used including “Contract and General Rules and Terms & Conditions for EBL Islamic Banking Account”.
In case the account holder is minor, Operating Parent will sign as applicant of the account.