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Amanah Savings Account
The HSBC Amanah Savings Account is based on the Mudarabah structure. Amanah Savings Account will allow you to earn profit on your savings in a Shariah Compliant manner, while giving you the financial flexibility to draw from your accounts whenever you need.
Product Shariah Structure
Mudarabah is a partnership whereby one partner (called Rabb-ul-Maal) provides funds and another partner (called Mudarib) manages it. In this case, you will be the fund provider and HSBC Amanah will be the fund manager. Profit from the partnership is distributed as per pre-defined ratios, which will be set by the bank and agreed to by you. In case of any losses, only the depositors (investors) will bear the losses. The bank’s loss will be the effort it has given in running the business.
Features
Minimum Balance Required (for opening accounts) |
BDT 20,000 |
|---|---|
Currencies |
BDT |
Withdrawal Limit (times) |
Unlimited times |
Profit Payment |
Monthly |
ATM Card |
Yes |
Cheque Book |
Yes |
Mode of Profit Recalculation |
Average monthly balance |
Profit Application Date |
Maximum of 15 days after month end |
Profit Sharing Ratio |
This varies from time to time. If Bank decides to change PSR ratio, then the Bank communicates it to you through agreed channel. You will be deemed to have agreed to new PSR unless you communicate otherwise. |
Need to know more
- Call now on 880 2 9660547
- Contact us
Shariah supervision
A Global Shariah Advisory Board and regional Shariah committees consisting of independent Shariah scholars advise HSBC Amanah on matters related to Shariah.