Enjoy higher returns than a regular savings account
Profits earned may be reinvested in deposit account
Choose a term deposit period: 1, 3, 6, 9, 12, 24, & 36 months
Refers to Agency contract. The Depositor (“Muwakkil”) appoints the Bank as their agent (“Wakil”) to utilize and invest their deposits in profitable Shariah-compliant transactions. The Depositor will be offered an expected profit rate from the investments and the Bank will earn an Agency (“Wakalah”) Fee for the service rendered. Any amount that the Bank earns in excess of the Depositor’s expected profit will be retained by the Bank as Commission (“Ju’alah”).
There will be no profit for termination less than 1 month.
Profit, at the Bank’s discretion, may be paid proportionately to the completed months at the prevailing rate at the time of termination.
Click to view:
General Wakalah Terms & Conditions of Deposit Products in English and Malay.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.