Shariah based Union Bank Ltd has launched new product “Mudaraba Barakah Deposit Scheme”. The account will be opened by depositing initially minimum Tk.25,000/- or multiple of Tk.25,000/- (Up to Tk.5,00,000/-) only.
The initial deposited amount will be double (More/Less) after depositing 3 years’ monthly installment which is started from Tk.500/- and multiple of Tk.500/- (Up to Tk.10,000/-) only.
Omar Farooque, Managing Director of Union Bank Ltd. inaugurated the product as the chief guest. Adviser S. M. Aminur Rahman, Additional Managing Directors Syed Abdullah Mohammed Saleh and A. B. M. Mokammel Hoque Chowdhury were present as the special guests.