Overview of Commercial bank of Ceylon:

CommerciaI Bank of CeyIon is one of the leading commercial banks in Sri Lanka with 200 branches
and more than 400 ATM's.The bank has a subsidiary in Bangladesh. t has been rated as the Best Bank
in Sri Lanka by "Global Finance" for the 13th consecutive year and also as the Bank of the Year by "The
Banker" Magazine on seven occasions
Description of Bank of commercial bank ceylon`s conventional
deposit products:
This bank oIIers various kinds oI deposit products. The deposit products are current account, Regular
savings account, , monLhly beneflL deposlL scheme educaLlon savlngs scheme 1lme(flxed) deposlL
accounL eLc

Regular savings account:
WlLh Lhe regular savlngs accounL one has Lhe opLlon of savlngs Lhrough a monLhly lnLeresL paylng
accounL or a half yearly lnLeresL paylng accounL aL aLLracLlve lnLeresL raLe and lnLeresL ls calculaLed on
dally balance basls 1he documenLs needed Lo open a savlngs accounL are
Speclmen SlgnaLure Card duly compleLed
1wo phoLographs of Lhe accounL holder(s) / auLhorlzed slgnaLory Lo be aLLesLed by Lhe
lnLroducer
Copy of valld passporL of accounL holder(s) and auLhorlzed slgnaLory or ldenLlflcaLlon
leLLer / card from employer or CerLlflcaLe from Ward Commlssloner / clLlzen
ldenLlflcaLlon from Chalrman duly aLLesLed
LeLLer from CrganlzaLlon where appllcable
nomlnee form duly compleLed
ere the customer can have a cheque book, quarterly statements, e-statement Iacility and
Shopping card which enable him/her to carryout variety oI ATM transactions such as cash
withdrawals, cash deposits(in selected branches), balance enquiry, mini statements, Shopping &
dinning in any VISA outlet, Credit Card & 24/7 call centre Iacility etc.

Current account:
A Commerclal 8ank's CurrenL accounL glves you Lhe convenlence of managlng your day
Loday LransacLlons
lL ls an essenLlal Lool for Lhe efflclenL operaLlon of your buslness
Pandllng your paymenLs remlLLances funds Lransfer sLandlng orders seLLlemenL of
uLlllLy bllls eLc
AblllLy Lo obLaln CverdrafL faclllLles

Opening A Current Account
Speclmen SlgnaLure Card duly compleLed
2 hoLographs of Lhe AccounL holder(s) / AuLhorlzed SlgnaLory(les) Lo be aLLesLed by Lhe
lnLroducer
Copy of valld passporL of AccounL holder(s) and AuLhorlzed SlgnaLory(les) or
ldenLlflcaLlon leLLer / card from employee or CerLlflcaLe from Ward Commlssloner /
clLlzen ldenLlflcaLlon from Chalrman duly aLLesLed
LeLLer from CrganlzaLlon where appllcable
nomlnee form duly compleLed

&nique Ieatures oI our Current Account
AblllLy Lo operaLe your Commerclal 8ank CurrenL AccounL from any of our 8ranches ln
Lhe counLry
AblllLy Lo access and operaLe your accounL from any of our A1Ms ln 8angladesh as well
as Lhe A1Ms of SLandard CharLered 8ank (SC8) and uuLch 8angla 8ank LlmlLed (u88L)
and also from anywhere ln Lhe world Lhrough lnLerneL banklng faclllLy
AccounLholders recelve Lhe full face value of all local cheques Lhey deposlL ln Lhelr
accounLs regardless of Lhe lssulng bank
Speedy reallzaLlon of all cheques collecLed and lssued roceeds of Lhe Commerclal 8ank
cheques drawn on any branch deposlLed wlll be avallable Lhe same day

Short term deposit account (STD)
It is a penalty Iree, instant access account, which gives competitive rate oI interest. Special
Ieatures oIIer in this account are
Sweep faclllLy avallable
lnLeresL on dally balance
Speclal raLe offered over 100 mllllon
lnLeresL pald yearly

The documents needed to open a STD account are:

Speclmen slgnaLure card duly compleLed
O 2 phoLographs of Lhe accounL holder(s) / auLhorlsed slgnaLory(les) Lo be aLLesLed by Lhe
lnLroducer
O Copy of valld passporL of accounL holder(s) and auLhorlsed slgnaLory(les) or
ldenLlflcaLlon leLLer card from Lmployer or CerLlflcaLe from Ward Commlssloner / clLlzen
ldenLlflcaLlon from Chalrman duly aLLesLed
O LeLLer from CrganlzaLlon where appllcable
O nomlnee form duly compleLed
Time(Iixed) deposit account :
llxed ueposlL ls a Llme deposlL whlch offers aLLracLlve raLes of lnLeresL lnLeresL can be credlLed
auLomaLlcally Lo an accounL of Lhe cusLomer's cholce 1he flxed deposlL has Lerms ranglng

3 monLhs
3 years (Plgh3lu)
6 monLhs
1 year ( MonLhly / Annual lnLeresL )
2 years ( MonLhly / Annual lnLeresL )
3 years ( MonLhly / Annual lnLeresL ) and

The documents needed to open Fixed deposit account are-
O uuly fllled up appllcaLlon form (avallable aL our webslLe)
O hoLograph of Lhe accounL holder
O Copy of valld passporL of AccounL holder(s) and AuLhorlzed SlgnaLory(les) or
ldenLlflcaLlon leLLer / card from employee or CerLlflcaLe from Ward Commlssloner /
clLlzen ldenLlflcaLlon from Chalrman duly aLLesLed
O nomlnee form duly fllled up

Dream planner scheme :
uS ls a ueposlL enslon Savlngs AccounL whlch guaranLees aLLracLlve reLurn on your hard earned
monLhly deposlLs aL Lhe end of a guaranLeed perlod 8elax and waLch your monLhly deposlL grow
ueposlL amounLs ?ou can choose an affordable monLhly deposlL amounL from 8u1 1000 2000 3000
3000 or 7000
erlod CpLlons 3 3 or 7 years
WhaL you wlll geL (Lxcludlng any CovL 1axes)
MonLhly ueposlL ln 3 ?ears ln 3 ?ears ln 7 ?ears
8u1 1000 39662 70063 103624
8u1 2000 79323 140131 207230
8u1 3000 118988 210197 310873
8u1 3000 198314 330328 318123
8u1 7000 277639 490439 723373

llexlblllLy deposlL any day of Lhe monLh aL any of our 8ranch or slmply glve a sLandlng lnsLrucLlon from
your oLher accounLs
Lmergency you may encash premaLurely any Llme lf deposlL ls wlLhdrawn 6 monLhs afLer openlng
lnLeresL wlll be pald aL normal savlngs raLe
Loan ?ou may avall loan up Lo 80 of prlnclpal amounL of Lhe deposlL afLer 2 years of openlng your
accounL


Shamriddhi :

Shamriddhi is an innovative Tiered Savings Account specially Iormulated to oIIer higher returns
Ior higher balances. A deposit oI Tk. 100,000 is all you need to give your savings a boost with
Shamriddhi. Interests grow in tandem with the balance. Combine all your scattered savings into
Shamriddhi and reap elevated returns.
eatures:
lnLeresLs grows up Lo 3 above savlngs raLe
lnLeresL ls calculaLed on dally balance and credlLed every 6 monLhs
WlLhdraw money aL your convenlence
Avall free lnLerneL banklng faclllLles
CbLaln CredlL faclllLles agalnsL Lhe balance

Balance Range Rate of Interest
&p-to BDT 100,000 Normal Savings Rate
100,001 - 500,000 0.5 above normal savings ( 3.00.5)
500,001 - 1, 000,000 1 above normal savings ( 3.01.0)
1, 000,001 - 2, 000,000 1.5 above normal savings ( 3.01.5)
2, 000,001 - 10, 000,000 2 above normal savings ( 3.02.0)
10, 000,001 - 250,000,000 4 above normal savings ( 3.04.0)
250, 000,001 - 500,000, 000 4.5 above normal savings ( 3.04.5)
500, 000,001 - 1, 000,000, 000 4.75 above normal savings (
3.04.75)
1, 000, 000, 001 & above 5 above normal savings ( 3.05.0)




Bonus Savings Account:
Bonus Savings Account is a unique combination oI the best oI Fixed and Savings schemes,
specially designed to give our customers the advantages present in both schemes and
disadvantages oI none.

igh5FD
igh5FD is a unique igh return Five year Fixed Deposit Account. This account provides a
stable and high return oI 9.5 on your investment even during volatile market conditions.

eatures:
igh5FD provides pre mature withdrawal options to meet your unIoreseen cash
Ilow requirements.
igh5FD provides convenient pre mature withdrawal options with interest
beneIits on the Iollowing basis up to the date oI withdrawal:
Period Interest Rate
During the Iirst 10 months Monthly interest Savings` rate
During the second 10 months 5.5 pa
During the third 10 months 6.0 pa
During the Iourth 10 months 6.5 pa
During the IiIth 10 months 7.0 pa
During the sixth 10 months 7.5 pa

O ou can also avail Loan/OD Iacilities up to 85 oI the igh5FD at very
competitive interest rate.
O igh5FD is the ideal investment Ior depositors who target a stable return Irom
their deposits without getting aIIected by the short term interest volatility in the
market.
O This deposit is well suited Ior a Iund manager to secure a stable, high income in
the medium term, by hedging against market Iluctuations.






DotCom is a unique savings account introduced by Commercial Bank Ior children oI 12 18
years oI age. DotCom helps teenagers to save, get more Irom their savings, have their own Bank
account and introduces them to basic banking knowledge Irom early age. With Commercial
Bank`s DotCom Account the teenagers oI today Ieel more
DotCom Account holders will get:
O A Fancy ATM Card (with withdrawal limits) Ior Free!!
O 2 higher Interest than others on Savings
O xciting DotCom GiIts





Probriddhi is a medium term loan Iacility Ior small and medium enterprise borrowers or selI
employed proIessionals to meet their capital requirements.
For small and medium enterprises (SM) and selI-employed proIessionals
A term loan with a period up to 60 months
&p to 200 oI the Iixed deposit held with the Commercial Bank oI Ceylon PLC.
subject to a minimum oI BDT 2 lacs and maximum oI BDT 2 crore.
Interest rates guaranteed to interest you
asy to avail
"uick disbursement
The entire probriddhi loan is to be repaid in equal monthly installments
Available in all our Branches in Bangladesh.




Fastest SM trade Iinance solution :
Auto Loan:
Auto Loan oI CBC paves the way to acquire your dream car in the easiest way.
Features:
W ou should be within 21 to 55 years oI age.
W ou should be a conIirmed service holder or selI employed proIessional or businessman having
minimum two years oI service or business experience.
W our minimum monthly income should be BDT 40,000 in case oI service holder and BDT
30,000 in case oI selI employed proIessional or businessman with suIIicient prooI oI income.
W Loan amount up to 80 oI car value subject to a maximum oI BDT 2,000,000
W Loan period-Not exceeding 60 months, to be repaid in equal monthly installments
W Most competitive and attractive interest rate
W Available at All Branches oI CBC in Bangladesh


Overview oI ICB Islamic Bank:

The Bank has been incorporated on April, 1987 as a public limited company
under the Companies Act, 1913 to undertake and carry out all kinds of banking,
financial and business activities, transactions and operations in strict compliance
with the principles of Islamic Law (Shariah) relating to business activities in
particular avoiding usury in credit and sales transactions and any practice which
amounts to usury.



Description of ICB Islamic Bans`s deposit products:
Saving scheme
Musharakah
Musharakah (joint venture) is an agreement between two or more partners, whereby each partner
provides Iunds to be used in a venture. ProIits made are shared between the partners according to
the invested capital. In case oI loss, no partner loses capital in the same ratio. II the Bank
provides capital, the same conditions apply. It is this Iinancial risk, according to the Shariah, that
justiIies the bank's claim to part oI the proIit. ach partner may or may not participate in carrying
out the business. A working partner gets a greater proIit share compared to a sleeping (non-
working) partner. The diIIerence between Musharaka and Madharaba is that, in Musharaka, each
partner contributes some capital, whereas in Madharaba, one partner, e.g. A Iinancial institution,
provides all the capital and the other partner, the entrepreneur, provides no capital. Note that
Musharaka and Madharaba commonly overlap.
Mudarabah
"Mudarabah" is a special kind oI partnership where one partner gives money to another Ior
investing it in a commercial enterprise. The investment comes Irom the Iirst partner who is called
"rabb-ul-mal", while the management and work is an exclusive responsibility oI the other, who is
called "mudarib".
The Mudarabah (ProIit Sharing) is a contract, with one party providing 100 percent oI the capital
and the other party providing its specialist knowledge to invest the capital and manage the
investment project. ProIits generated are shared between the parties according to a pre-agreed
ratio. Compared to Musharaka, in a Mudaraba only the lender oI the money has to take losses.in
this only "rabb-ul mal"suIIered Irom loss mudarib do not suIIered with loss.ProIit distributed
between both rabb-ul-mal and mudarib.
Murabahah
This concept reIers to the sale oI goods at a price, which includes a proIit margin agreed to by
both parties. The purchase and selling price, other costs, and the proIit margin must be clearly
stated at the time oI the sale agreement. The bank is compensated Ior the time value oI its money
in the Iorm oI the proIit margin. This is a Iixed-income loan Ior the purchase oI a real asset (such
as real estate or a vehicle), with a Iixed rate oI proIit determined by the proIit margin. The bank
is not compensated Ior the time value oI money outside oI the contracted term (i.e., the bank
cannot charge additional proIit on late payments); however, the asset remains as a mortgage with
the bank until the deIault is settled.
lnLeresL 3
no maLurlLy daLe
Musawamah
Musawamah is the negotiation oI a selling price between two parties without reIerence by the
seller to either costs or asking price. While the seller may or may not have Iull knowledge oI the
cost oI the item being negotiated, they are under no obligation to reveal these costs as part oI the
negotiation process. This diIIerence in obligation by the seller is the key distinction between
Murabahah and Musawamah with all other rules as described in Murabahah remaining the same.
Musawamah is the most common type oI trading negotiation seen in Islamic commerce.

Muquafah executive a/c:
Icb aims to provide solution to all types oI banking needs. We are happy to launch all
muquaIah executive account which is a shariah compliant salary account Ior executives.
Eligibility:
Any business entity with at least 10 employees having a salary oI tk.10000 (gross salary) can
open this account .
Account details:
- Account type is saving
- Opening balance not required
- No account maintainance Iee

!rofit methodology
- ProIit calculation on daily available balance
- ProIit credited halI year
rof|t cr|ter|a
8alance below Lk3000 0
8alance Lk 3000 and above 4

Mudaraba Hajj Savings Scheme (MHSS):
Mudaraba ajj Savings Scheme is a Shariah Compliance savings scheme that beneIits customers to IulIill
their desire to perIorm the oly ajj comIortably within 1 to 10 years. The tenor oI the scheme is 1 to 10
years. Mudaraba ajj Savings Account can be opened in the name oI the individual only. ProIit is
calculated on daily basis. Inter-branch transIer oI the scheme is allowable.

|nanc|a| products
A) ersona| f|nance
- 8ased on concepL of balmurabaha
- AmounL wlll be 13 Llmes of neL salary
- Dnsecured faclllLy
- llnanace amounL 30000 Lo 700000
- 8aLe of reLurn 13
- llexlble Lenor up Lo 36 monLhs
- MonLhly repaymenL
- rocesslng fee 03
- no addlLlon fee for early seLLlemenL
- AuLo deblL faclllLy
||g|b|||ty
- Mlnlmum salary (gross) Lk10000
- Maxlmum age aL maLurlLy 63 years
- ersonal guaranLor requlremenL
) Auto f|nance
feature
8ased on concepL of dlmlnlshlng musharakah
musL have monLhly lncome of Lk23000
- llnance amounL 200000 Lo 2000000
- 8aLe of reLurn 143
- llexlble Lenor up Lo 60 monLhs
- MonLhly repaymenL
- rocesslng fee 03

C) nome f|nance
feature
8ased on concepL of dlmlnlshlng musharakah
musL have monLhly lncome of Lk23000
- llnance amounL 300000 Lo 7300000
- 8aLe of reLurn 1173
- llexlble Lenor up Lo 20 years
- MonLhly repaymenL
- rocesslng fee 1
- An appllcanL can Lake flnance up Lo 73 mllllon for a maxlmum perlod of 20 years for purchaslng
aparLmenL

Home finanace and auto loan
To mark the launching oI ICB Islamic ome Finance & Auto Finance, ICB Islamic Bank
Limited organised a ceremony at a city hotel recently, the company said in a statement.
RAB President Tanveerul aque Probal inaugurated the launching programme as the chieI
guest.
Member oI the board oI directors oI ICB Islamic Bank Limited Abdul aIiz Chowdhury,
Managing Director oI Consumer Banking oI ICB Group Al Alagappan and Managing Director
and CO oI ICB Islamic Bank Masihul uq Chowdhury and ead oI Consumer Banking oI ICB
Islamic Bank NaIeez SharaIat Chowdhury were present at the launching ceremony.
&nder the home Iinance Iacility, an applicant could take Iinance up to Tk 7.5 million Ior a
maximum period oI 20 years Ior purchasing apartment, home extension or renovation.

ICB Islamic Bank launches loan products

ICB Islamic Bank recently launched home Iinance` and auto Iinance`, loan products oI the
bank, at a ceremony in Dhaka.
RAB president Tanveerul aque Probal inaugurated the launching ceremony, said a news
release.
ICB Islamic Bank director Abdul aIiz Chowdhury, ICB Group consumer banking managing
director Al Alagappan, ICB Islamic Bank managing director and CO Masihul uq Chowdhury,
among others, were present in the programme.
&nder the home Iinance Iacility, an applicant can take Iinance up to Tk 75 lakh Ior a maximum
period oI 20 years Ior apartment purchase, home extension or renovation, said a news release.
&nder the auto Iinance Iacility, an applicant can take Iinance Irom Tk 2 lakh up to Tk 20 lakh
Ior a Ilexible tenure oI Iive years Ior purchase oI new vehicle and used vehicle with an attractive
indicative variable rate.
ICB Islamic Bank Limited provides commercial banking services in Bangladesh. The company
accepts deposit products, collects and issues guarantees, and discounts bills. It also oIIers letters
oI credit, as well as provides import and export Iinance. In addition, the company engages in
Iinancing activities Ior various sectors, including rural and agriculture, garments and textiles,
jute, cement and bricks, tannery, steel and engineering, Iood and beverage, chemical and
pharmaceuticals, printing and packaging, and glass and ceramics. Additionally, ICB Islamic
Bank oIIers services comprising investment, domestic and international money transIer, Ioreign
exchange, and saIe keeping services, as well as international and online banking services. It
operates through 33 branches. The company was Iormerly known as The Oriental Bank Limited.
ICB Islamic Bank was incorporated in 1987 and is headquartered in Dhaka, Bangladesh. ICB
Islamic Bank Limited is a subsidiary oI ICB Financial Group oldings AG.
lC8 lslamlc 8ank LlmlLed provldes commerclal banklng servlces ln 8angladesh 1he company
accepLs deposlL producLs collecLs and lssues guaranLees and dlscounLs bllls lL also offers
leLLers of credlL as well as provldes lmporL and exporL flnance ln addlLlon Lhe company
engages ln flnanclng acLlvlLles for varlous secLors lncludlng rural and agrlculLure garmenLs and
LexLlles [uLe cemenL and brlcks Lannery sLeel and englneerlng food and beverage chemlcal and
pharmaceuLlcals prlnLlng and packaglng and glass and ceramlcs AddlLlonally lC8 lslamlc 8ank offers
servlces comprlslng lnvesLmenL domesLlc and lnLernaLlonal money Lransfer forelgn exchange and safe
keeplng servlces as well as lnLernaLlonal and onllne banklng servlces lL operaLes Lhrough 33 branches
1he company was formerly known as 1he CrlenLal 8ank LlmlLed lC8 lslamlc 8ank was lncorporaLed ln
1987 and ls headquarLered ln uhaka 8angladesh lC8 lslamlc 8ank LlmlLed ls a subsldlary of lC8 llnanclal
Croup Poldlngs AC

Conc|us|on
Although there is diIIerence between the conventional products and Islamic products but both the
products are necessary Ior the economic growth oI the country. As Bangladesh is a Muslim country and
day by day the demand Ior Islamic products are increasing, so Banks should oIIer both the products to the
people Ior the development oI the country