One of the essential human needs is to have a house to live in. A house is a homestead harmony and bliss. Lodging has now turned into an intense issue in the nation, exceptionally in the towns, urban areas and city. With their restricted salary, it has turned out to be relatively incomprehensible with respect to the lower working class, white collar class and now and again, notwithstanding for upper working class to take care of their lodging issue. To meet this fundamental human need, Islami Bank Bangladesh Limited is resolved to add to this conclusion to give a quiet and upbeat living. The Bank has presented ‘Lodging Investment Scheme’ without hardly lifting a finger and limit the lodging issue and help benefit holders and experts with constrained wage in emerging their fantasy of getting to be proprietor of houses.
Scope of Investment:
Venture is to be reached out to manufacture new houses without anyone else arrive, to buy assembled houses/lofts/pads and for augmentation/consummation of the house built/under development.
The working to be built on the land must be according to affirmed plan of the skillful expert of that region, viz. RAZUK, CDA, RDA, KDA and so forth.
The measure of speculation will be restricted to the accompanying:
a)In instance of development ashore possessed by the customer: most extreme 60% of the aggregate expense of the development of the building. Most extreme roof of the Bank’s venture will be Tk. 30.00 lac
b)In instance of procurement of loft/level/instant house: most extreme half of the esteem including buy related expense. Most extreme roof of the Bank’s venture will be Tk. 20.00 lac.
On the off chance that any customer expects to give the accompanying securities to the Bank properly released/finishing vital conventions by him, Bank may permit further or extra interest in overabundance of the aforementioned roof to the degree of 100% of the estimation of the securities: TDR and Mudaraba Savings Bond of Islami Bank Bangladesh Limited, TDR/Fixed Deposit of any planned Bank, Wage Earners Bond, ICB Unit Certificates, National/Defense Savings Bonds/Sanchaypatra and so on., Bank Guarantee from any booked Bank.
Disbursement Procedure of Investment:
Bank will pay the authorized cash through Pay-Order specifically or through speculation customer to the provider of development materials/proprietor of the flat/proprietor of the manufactured house. Notwithstanding, the accompanying focuses will be mulled over in dispensing the speculation:
If there should arise an occurrence of procurement of condo/level/assembled house, the customer will need to store the value cash in the Branch or deliver narrative proof in help of his speculation upto the fulfillment of the concerned Branch.
If there should be an occurrence of development of house without anyone else arrive or for augmentation of the current house, the valuation of the Bank as respects customer’s speculation will be viewed as last. >
The customer will need to submit to the Bank, the development plan affirmed by the able specialist and furthermore the expected consent to contract the property, where fundamental.
The customer must execute every single fundamental record including contract deed and finish all essential documentation conventions to benefit the venture. Related records of home loan, understanding of offer and different reports must be reviewed by the reformatory legal advisor of the Bank.