Negotiable Islamic Debit Certificate (NIDC)

Features

• It is a certificate of debt issued by the bank andnegotiated on issuance. NIDC is offered eitherbased on the Shariah principle of Tawarruq or Bai’ ‘Inah;
• Tenors of issuance vary from 1 month to 5 years with returns closely related to the interbank market rates
• Minimal nominal amount issued is RM 5.0 million
• NIDC offers fixed return over the entire tenor of the investment