This is a term deposit account based on the Shariah concept of Tawarruq / Commodity Murabahah (i.e. purchase of an asset on a deferred basis either through musawamah or murabahah and subsequently sells the asset to a third party on cash basis). The profit rates from the accounts, which are pre-determined upfront, offers higher returns compared to the normal Savings Accounts or Current Account. FTA-i placement ranges from 1 (one) month to a maximum of 60 (sixty) months., offering the following profit rates:
* Protected by PIDM up to RM250,000 for each depositor
Profit Rates: Fixed Term Account-i
TENURE | PROFIT RATE (p.a.) |
---|---|
1 MONTH | 2.05 |
3 MONTHS | 2.10 |
6 MONTHS | 2.20 |
9 MONTHS | 2.20 |
12 MONTHS | 2.30 |
15 MONTHS | 2.30 |
18 MONTHS | 2.30 |
21 MONTHS | 2.35 |
24 MONTHS | 2.35 |
36 MONTHS | 2.65 |
48 MONTHS | 2.75 |
60 MONTHS | 2.75 |
TENURE | PROFIT RATE (p.a.) |
---|---|
1 MONTH | 2.05 |
2 MONTHS | 2.05 |
3 MONTHS | 2.10 |
4 MONTHS | 2.10 |
5 MONTHS | 2.15 |
6 MONTHS | 2.20 |
7 MONTHS | 2.23 |
8 MONTHS | 2.25 |
9 MONTHS | 2.30 |
10 MONTHS | 2.30 |
11 MONTHS | 2.35 |
12 MONTHS | 2.35 |
18 MONTHS | 2.40 |
24 MONTHS | 2.45 |
36 MONTHS | 2.55 |
48 MONTHS | 2.65 |
60 MONTHS | 2.95 |
Features and Benefits
CUSTOMER | TENURE | RM |
---|---|---|
Retail & Corporate | 1 Month | 5,000 |
2 Months and above | 1,000 | |
Corporate Wholesale | 1 day – 1 year | 100,000 |
CUSTOMER | TENURE |
---|---|
Retail | 1 to 60 months (in multiple of one (1) month) |
Corporate | 1 to 12 months (in multiple of 1 month), 18, 24, 36, 48 and 60 months. |
Corporate Wholesale | Overnight to 1 year (in multiple of 1 day) |
Product Disclosure Sheet Fixed Term Account
Terms & Conditions Online Fixed Term Account (eFTA-i)
Product Disclosure Sheet e-Fixed Term Account
Terms & Conditions Fixed Term Account-i
PIDM brochure – ENG
Download herePIDM brochure – BM
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