With this account, you get:
- Islamic Term Deposits based on the Shariah concept of Commodity Murabahah ( cost-plus-sale) where a specific asset as deemed fit by the Bank is identified and used as the underlying asset for the sale and purchase transaction between Bank and Customer.
- Higher profit rates than a normal Islamic savings account.
- Flexibility of tenure from 1 month up to 60 months.
- Profits paid either monthly, half yearly or upon maturity.
- Acceptance as collateral for Banking facilities*
- Eligibility for protection from PIDM
*Terms and Condition apply
Click here for PIDM brochure