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About Al-Awfar

 


Introducing a FIRST in Islamic banking. An innovative Mudharabah-based account that gives you the opportunity to win cash prizes worth of RM 2.32 million a year. Try us. Who knows, you could be our next winner! 
 
Features
Saving Account-i
Investment Account-i
Minimum Initial Deposit
  • RM100
  • RM1,000 - 1 month tenure

  • RM500 - 3 to 60 months tenure

Minimum Balance
RM50
-
Profit-Sharing Ratio
98 : 2 (Bank : Customer)
70 : 30 (Bank : Customer)
(Subject to change from time to time)
Who can open an account Individuals
Associations
Schools/Universities
Clubs/Societies
Religious Groups
Eligibility to Enter Prize Draw Every RM100 = 1 unit of entry
Frequency of Prize Draw Monthly & Quarterly
Frequency of the prize draw and the date of the prize-giving ceremony are subject to change at the Bank’s discretion
Other Feature   Personal Cashline-i (Islamic Overdraft) facilities (subject to eligibility)

 

How does it benefit you?

Customers will be entitled to participate in the monthly and quarterly prize draws and be able to enjoy the probability of receiving valuable cash prizes.

  1. Monthly Draws :

  Prize  Cash Prizes  No. of Winners
 1  RM100,000  1
 2  RM10,000  1
 3  RM1,000  20
  1. Quarterly Draws :

  Prize  Cash Prizes  No. of Monthy Prizes
 1  RM200,000  1
 2  RM20,000  1
 3  RM1,000 50
 4  RM500 100
  1. Draw Dates :

 Draw Frequency  Draw Date
Monthly Draw 28 January 2014
27 February 2014
29 April 2014
29 May 2014
24 July 2014
28 August 2014
30 October 2014
27 November 2014
Quarterly Draw

27 March 2014

26 June 2014
25 September 2014

30 December 2014

1.2 Million Draw January 2014
3.2 Million Draw May 2014

* All cash prizes are provided by the Bank.

Eligible for protection by PIDM

 
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