EBL Speed is a type of Islamic SND Account specially designed with some wonderful features for the Corporate clients of EBL based on Mudarabah contract of Shariah under the umbrella of EBL Islamic Banking.

Key Features

• Attractive profit rate
• Profit will be calculated on daily end of day balance.
• Cheque book facilities
• Profit payment on Quarterly.
• Free E-statement - Half yearly.
• No minimum balance fee.
• Standing Instruction facility.
• No minimum balance for profit accrual.
• Free online transactions from any branch

Eligibility    

• Any permitted non-individual entity registered in Bangladesh
• Especially Corporate Business clients of EBL

Profit Sharing Ratio

• The Profit Sharing Ratio (PSR), weightage and provisional profit rate will be set by the Bank as per approved policy from time to time. For details click here.

Account Opening Form

• To open EBL High-Performance Islamic (EBL HPI) - Corporate Account “EBL Islamic Banking Account Opening Form (Non-Individual Account)” will be used including “Contract and General Rules and Terms & Conditions for EBL Islamic Banking Account”.

Required documents to open EBL Speed - Islamic SND Account

Common Documents

• Completed AOF with relevant Contract
• CIF of all signatories
• Photocopy of NID/Passport or Birth Registration Certificate with duly attached Photo ID and Photograph/s of all Signatories.
• Copy of any recent Utility Bill (i.e. GAS/ Electricity/ WASA/ Telephone) as proof of Mailing Address, if NID/passport address is different.
• Beneficial owner's NID copy, Photograph/s and other documents (as and when applicable).
• E-TIN certificate and Proof of Submission of Tax Return (if available).
• Any other document required by the Bank time to time.

Sole Proprietorship

• Copy of valid Trade License.
• Any other document as per required by the Bank time to time.

Partnership

• Copy of Partnership Deed of the Firm.
• List of Partners with their addresses.
• Copy of Valid Trade License.
• Extract of Resolution of the Partnership of the Firm for opening the account and authorization for its operation duly certified by the Managing Partner of the Firm.
• Beneficial owner’s NID copy, Photograph/s and others documents (as and when applicable).
• Any other document as per required by the Bank time to time.

            Additional requirements for Registered Partnership

• Copy of Certificate of Registration of the firm.

Limited Liability/ Public / Private Company

• Certified true copy of the Memorandum and Articles of Association and Certificate of Incorporation of the Company.
• Certified copy of the Letter of Commencement of the Business (in case of Public Limited Company).
• Certified true copy of Form - XII.
• Extract of the Resolution of the Board / General Meeting of the Company for opening the account and authorization for its operation duly certified by the Chairman / Managing Director of the Company.
• List of Directors with addresses.
• Copy of valid Trade License.
• Completed CIF, Photograph & Photo ID of the Director/s holding 20% and above shares of the concern.
• Any other document as per required by the Bank time to time.

Association/ Club/ Charity / Trust / Society, etc.

• Certified true copy of the Constitution / By-laws / Trust Deed/ Memorandum and Articles of Association.
• Certificate of Registration of the Association/ Club/ Charity / Trust / Society for inspection and return (along with a duly certified photocopy for Bank’s records).
• List of members of the Governing body / Executive Committee of the Association / Club/ Charity / Trust / Society with their addresses.
• Extract of Resolution of the Association / Club / Charity / Trust / Society for opening the account and authorization for its operation duly certified by the Chairman / Secretary of the association / Club / Charity / Trust / Society etc.
• Any other document as per required by the Bank time to time.

EBL reserves the right to request additional document(s) to ensure due diligence.

* Conditions apply

For more information please contact our Contact Center 16230 or visit your nearest EBL Islamic Window or Branch or contact EBL Corporate Banking or email to [email protected]