Close
Financing

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

You might also be interested in

Fixed Term Account-i
Foreign Currency Deposit
Chat with us on
WhatsApp
AUSTRALIAN DOLLARAUD3.2260003.0720003.056000
BRUNEI DOLLARBND3.6610003.5010003.490000
CANADIAN DOLLARCAD3.6100003.4830003.466000
SWISS FRANCCHF5.5580005.3190005.301000
EURO EUR5.3470005.0530005.031000
STERLING POUNDGBP6.2120005.9590005.950000
NEW ZEALAND DOLLARNZD3.1160002.8930002.878000
SINGAPORE DOLLARSGD3.6610003.5150003.514000
UNITED STATES DOLLARUSD4.9200004.6670004.650000

2024-02-23 08:37:52