Bank Islam Saving Account

Qard saving account i protected by pidm up to rm250 000 for each depositor bank islam offers qard savings account i facility for you to save your money.

Bank islam saving account. Should the bank ever goes bankrupt which is unlikely all your deposits will be reimbursed. And yes this bank islam basic savings account is covered by pidm. Mudarabah mudarabah means a form of contract between the capital provider rabbul mal and an entrepreneur mudarib under which the rabbul mal provides capital to be managed by the mudarib and any profit generated from the capital is shared between the rabbul mal and mudarib based on a mutually agreed profit sharing ratio whilst financial losses are borne by the rabbul mal. In order to open this savings account an initial minimum deposit of rm20 is required for account opening.

Rm50 to rm250. Financing you and your business. Based on qard contract this facility provides hassle free safekeeping of your money and allows easy access for withdrawals whenever needed. Like a savings account your deposit will be kept in safe custody under a shariah contract of wadiah safekeeping.

Over rm15 000 000 worth of prizes to be won. Cimb senior basic current account i. Opening a basic current account i with bank islam can do you a lot of favors in terms of flexible money management. Deposit and cash management bank islam version 3 2018 1 1 0 definition in these terms and conditions unless otherwise provided the following words shall have the meaning as set out below.

Talk to us add to compare. Save more with our non compounding charges credit cards. Savings account bank islam. An account with 24 7 access for your daily banking.

Basic savings account i or bsa means this product offered by the bank based on the shariah contract of qard. Public bank basic 55 current account interest rate none min. Alliance hybrid account i profit rate 0 15 to 1 15 p a. Am i eligible to open this account.

High split tiered interest rates. Alliance hybrid account interest rate 0 15 to 1 15 p a. Sign up for mae and get your e wallet and bank account activated fully online. Compare and find the best savings account for you.

Unlike a savings account you get to enjoy the flexibility of writing cheque when making payments. Basic savings account i protected by pidm up to rm250 000 for each depositor in the provision of banking services it is important to ensure that the malaysian public especially the low income consumers have access to basic banking services at minimal costs.