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Deposit
Al-Wadiah Savings Account
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Specifically for customers aged 12 and above. It allows customers to perform transactions on daily basis with the full ATM functions. ONEReach Savings Account applies the Shariah concept of Al Wadi’ah Yad Dhamanah (refers to a contract by which an owned asset is placed with another party on the basis of trusteeship amanah for safekeeping purposes).


Eligibility

Individuals aged 12 years and above
Children below 12 years old  will be under a trust account
Clubs/Associations/Societies, etc whose activities are not prohibited by Shariah

Features and Benefits

A savings account passbook will be issued and an ATM card is available upon request
Minimum initial deposit of RM100 (One Hundred Ringgit) only
Under the concept of Al-Wadi’ah Yad Dhamanah, hibah, if any, shall be issued at the discretion of the Bank
Full Automated Teller Machine (ATM) functions at all Bank Muamalat machines or machines bearing MEPS/BANKCARD logo throughout the country (for card holders only)
Full Automated Teller Machine (ATM) functions at all Bank Muamalat machines or machines bearing MEPS/BANKCARD logo throughout the country (for card holders only)
Available for joint account
i-muamalat internet banking services (upon registration)
For an initial deposit amount of RM5,000 (Five Thousand Ringgit) and above, customer is automatically entitled for a free Takaful Personal Accident (PA) coverage and funeral expenses for one year beginning from the date of account opening (subject to the Bank’s discretion)
Insured by PIDM up till RM250,000 (Two Hundred Fifty Thousand Ringgit Only)

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