Bank Muamalat 1Malaysia
 
   
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Deposit
Al-Mudharabah General Account (GIA)
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* Eligible for protection by PIDM

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:

Profit Rates: Fixed Term Account-i

A) Retail

TENURE

PROFIT RATE (p.a.)

1 MONTH

3.10

3 MONTHS

3.15

6 MONTHS

3.25

9 MONTHS

3.25

12 MONTHS

3.35

15 MONTHS

3.35

18 MONTHS

3.35

21 MONTHS

3.40

24 MONTHS

3.40

36 MONTHS

3.70

48 MONTHS

3.80

60 MONTHS

3.80



B) Corporate

TENURE

PROFIT RATE (p.a.)

1 MONTH

3.10

2 MONTHS

3.10

3 MONTHS

3.15

4 MONTHS

3.15

5 MONTHS

3.20

6 MONTHS

3.25

7 MONTHS

3.28

8 MONTHS

3.30

9 MONTHS

3.35

10 MONTHS

3.35

11 MONTHS

3.40

12 MONTHS

3.40

18 MONTHS

3.45

24 MONTHS

3.50

36 MONTHS

3.60

48 MONTHS

3.70

60 MONTHS

4.00

Note : Rates may be subject to change without prior notice

Eligibility

Individual 18 years and above. Trust account for children below 18 years old (minors). Account must be opened and operated by their parent or legal guardian
Foreign individuals employed /studying in Malaysia
Corporate, government, SMEs, associations, clubs, societies, etc

Features and Benefits


Certificate based
Placement amount:
 

CUSTOMER

TENURE

RM

Retail & Corporate

1 Month

5,000

2 Months and above

1,000

Corporate Wholesale

1 day – 1 year

100,000

  • Tenure :

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)


Profit rate is fixed and determined upfront upon placement
Capital is guaranteed
Flexible tenure and profit payment options such as monthly, quarterly, semi-annually, annually or upon maturity
Choice of renewing the principle plus profit
Can be pledged as security for other facilities
Insured by PIDM up till RM250,000 (Two Hundred Fifty Thousand Ringgit Only)
Brokerage Fee is absorbed by the Bank
Underlying asset applied is Crude Palm Oil or other commodity as approved by Shariah
Premature withdrawal is allowed, subject to the following conditions:
  • For deposits with tenure of 1 month and below, premature withdrawal is subject to the customer agrees to provide rebate / ibra’, whereby there will be no profit paid.
  • For deposits with tenure of more than 1 month and demand is made after completion of 1 month, premature withdrawal is subject to the customer agrees to provide rebate / ibra’ based on the formula below:
Rebate / Ibra’ = Murabahah Sale Price – [(Principal x Rate x Tenure/365 x 50%) + Principal]

*Terms and conditions apply.

Kindly click here for Product Disclosure Sheet.
Kindly click here for RULES & REGULATIONS OF FIXED TERM ACCOUNT-i



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