Watch your money consistently grow through our Term Deposit-i (Tawarruq) [TDT-i]. A capital guaranteed deposit account that allows you the flexibility of managing funds according to your short or long-term needs.
TDT-i offers an attractive upfront profit rate and on maturity you will be able to earn the returns based on the upfront profit rate contracted at point of sale. Indeed a peace of mind knowing that your funds are reaping the attractive returns and capital guaranteed.
Come over to any Bank Islam branches to open a TDT-i account starting 30 April 2014.
|Age||18 years old & above|
|Who Can Apply / Eligibility||Individuals
|Initial Deposit||Minimum Deposit Placement
* No maximum deposit amount
|Currency||Ringgit Malaysia (RM)|
|Principal and Profit Guaranteed||Yes|
|PIDM Insurable||Yes (Up to RM250,000) ** Terms and conditions apply|
but profit is payable on the following conditions:
* The rebate may vary from time to time and subject to mutual agreement.
Note: For early withdrawal of the deposit, the Bank may also charge back to the Customer for any holding, handling and brokerage fees/charges actually charged by any third party commodity trader for sale and purchase of the commodity and to be deducted from the Sale Price (Murabahah).
|Profit Payment Frequency||
Note: For auto-renewal of the deposit, the profit rate is to be based on the Bank’s prevailing profit rate at the point of renewal.
|Brokerage Fee||Absorbed by the Bank|
|Underlying Asset for Commodity Murabahah Transaction||Metal (excluding gold and silver) or Crude Palm Oil (CPO) or other commodity as approved by Shariah.|
|Mode of Operation||Certificate|
|Partial Withdrawal||Not Allowed|
Frequently Asked Questions (FAQs)
Terms and Conditions
Product Disclosure Sheet (PDS)
Eligible for protection by PIDM