Monday, 11 December 2017, 22 Rabiulawal 1439H Solat Time:
KL Imsak 5:38 | Subuh 5:48 | Syuruk 7:07 | Zohor 1:09 | Asar 4:32 | Maghrib 7:05 | Isyak 8:20

Comparison of Key Features


Instrument Currency Shariah contract Returns Minimum amount Tenure
Waheed Investment Account (Wakalah) (WIA Wakalah)  Major Foreign Currencies and Ringgit Malaysia  Wakalah Expected profit rate is quoted at inception RM500,000 One day to a maximum of 10 years
Special Investment Account (Mudarabah)(SIA Mudarabah) Mudarabah Negotiable profit sharing ratio RM500,000 One day to a maximum of 1 year
Negotiable Islamic Debt Certificate (NIDC) Bai Bithaman Ajil/ Bai Inah Profit / yield is determined upfront RM 60,001 One day to a maximum of 10 years
Floating Rate Negotiable Islamic Debt Certificate (NIDC) Bai Bithaman Ajil/ Bai Inah Profit / yield is determined at every resetting date RM 60,001 One year (with minimum 4 profit periods) to a maximum of 10 years
Term Deposit-i( Tawarruq) (TDT-i Special) Murabahah Fixed rate of return RM500,000 One month to a maximum of 10 years
Interbank Mudarabah Mudarabah Negotiable profit sharing ratio Negotiable Negotiable
Interbank Wakalah Wakalah Expected profit rate is quoted at inception Negotiable Negotiable

* Or its equivalent amount if denominated in foreign currency

For more details, kindly refer to the Product Disclosure Sheet (PDS).

Important Notice: The contents of the above table, namely the details of Returns, Minimum amount and Tenure are subject to change at the sole discretion of the Bank and customers should obtain confirmation from the Treasury Sales Team prior to making any decisions based on the above.

By making a request for any of the above products, the customer understands the features of the applicable Islamic contract and acknowledges that the Bank has legal recourse against the customer to enforce its rights.

*By making a request for the SIA Mudarabah, the customer understands the loss bearing or loss transfer feature of the Mudarabah contract and acknowledge that the Bank has legal recourse against the customer to enforce its rights.

For further details, kindly contact our Treasury Sales Team at 03-2090 1710 / 1711 or Treasury Asset Liability
Management Desk at 03-2090 1610 / 1611.

Note: Information contained herein is accurate as of the time of publishing and subject to change in accordance with applicable rules, regulations or guidelines issued by Bank Negara Malaysia from time to time. All products offered by Bank Islam are subject to the Islamic Financial Services Act 2013 and any applicable laws derived therefrom.

 

Investment Account Application Form

Investment Account – Wafiyah (Wakalah) Terms and Conditions

Investment Account – Waheed (Wakalah) Terms and Conditions

Investment Account – SIA Mudarabah Terms and Conditions

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