Mudaraba Savings Account (MSA)

Salient Features

  • Initial Deposit: Minimum Tk. 500.00/-
  • Profit calculation on daily balance basis (any amount)
  • No withdrawal restriction/ ceiling in a week/month
  • Cheque-book facility
  • Fund transfer on Standing Instruction, BEFTN & RTGS
  • Charge-free Online Banking service all over the country
  • Bank Asia ATM Debit Card Service
  • Free Internet Banking
  • Free “Bank Asia Smart App” facility through Smart phone
  • To be opened and operated from any Branches / Windows / SME Service Centers as well as Agent Banking Outlets
  • Present Income sharing Ratio (ISR)- Client : Bank :: 45 : 55


Required Documents to Open Account


For individual:

  • Photocopy of National ID Card / Passport or Birth Registration Certificate with any valid Photo ID.
  • Copy of Utility Bill or any other authentic document as proof of address.
  • Copy of Business Card or any other profession supported documents like ID Card / Appointment Letter / Trade License / Pay advice etc.
  • Two copies of passport size recent photograph of account holder duly attested by the introducer.
  • Photograph and signature of the nominee(s), if any, duly attested by the account holder.
  • A/C Opening Form duly filled in.
  • Specimen Signature Card duly signed in presence of the Manager or Authorized Officer.
  • Any other document required by the Bank from time to time.


Additional documentation and formalities to be observed before opening the account for the following entities:


For Limited Company:

  • Certified true copy or memorandum and Articles of Association.
  • Certified true copy of Certificate of Incorporation.
  • Certified copy of Certificate of Commencement of Business(for public Limited Company)
  • Copy of the Resolution of the Board of Directors deciding to open account with the Bank Asia Limited and authoring specimen signatories for operation of the Account duly attested by the Chairperson/Managing Director.
  • Trade License.
  • E-TIN Certificate.


For Partnership Enterprise:

  • Trade License.
  • E-TIN Certificate.
  • Certified copy of the constitution of the firm.
  • Registered partnership deed /duly notarized partnership deed at will (in case of unregistered firm).
  • Minutes of the Committee meeting deciding to open account with Bank Asia Limited duly certified by the secretary and the chairperson.
  • Copy of laws and by laws /constitution duly attested by proper authority.
  • A copy of the resolution of the committee authorizing specific signatories to operate the account.
  • Certificate of Registration (where applicable).


For Proprietorship Enterprise:

  • Trade License.
  • E-TIN Certificate.