Dhaka, July 25 -- Islami Bank Bangladesh PLC offers the Mudaraba Waqf Cash Deposit Account (MWCDA)-a simple and sustainable form of Sadaqah Jariyah (continuous charity)-aimed at inspiring affluent individuals to fulfil their social and spiritual obligations.The MWCDA is a voluntary, permanent account where the principal remains intact, while the income generated from Shariah-compliant investments is spent on various welfare initiatives. The funds deposited by wealthy and well-off individuals are invested in profitable sectors in accordance with Islamic principles, and the resulting profits are used for the greater good of society.The account can be opened with a minimum deposit of Tk1,000, either as a lump sum or in instalments. Upon full...
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