* Eligible for protection by PIDM
ONE REACH Saving Account is an account based on the Islamic concept of Al-Mudharabah. It refers to a contract made between a provider of capital (depositor) and an entrepreneur or fund manager (the Bank) to enable the Bank to carry out business ventures within Shariah guidelines. Both parties agree to share profits from the investment according to a mutually agreed ratio.
Concept
Eligibility
• |
Malaysians and permanent residents; |
• |
All individuals 18 years old and above. |
|
|
Basic Features
• |
Minimum initial deposit is RM 10.00; |
• |
Minimum account balance to be
maintained
is RM 10.00; |
• |
Tiered Profit Sharing Ratio (PSR) -
The higher the account balance,
the higher customer's profit ratio. |
|
Dividend Rates
Tier |
PSR
Cust : Bank |
*Indicative Rates |
RM 1,999.00 and below
|
37.50 : 62.50
|
1.50 |
RM 2,000.00 and above
|
50 : 50
|
2.00 |
*This rate is only indicative/expected rate and the actual rate will depend on the profit loss of the venture/business based on Mudharabah
View the complete list of our Deposit Rates
Special features:
• |
MEPS inter - bank ATM withdrawals - FREE 5 (five) withdrawals per month for account balance RM 5,000 and above which is maintained throughout the entire month; |
• |
A depositor is entitled for 1-year FREE coverage of Takaful PA and Khairat with an initial deposit of RM 5,000 and above upon opening of the account. |
How to Apply / Documents Required
• |
Application is to be made in person. |
• |
Complete application forms. |
• |
Tender relevant supporting documents. |
*Terms and conditions apply.
 |
Click here for PIDM brochure |
