Maybank Islamic Fixed Deposit I
Singapore dollar term deposit i is based on the shariah principle of murabaha involving sale of commodities at marked up price between maybank and you profits are determined upfront and will be paid one calendar day after cash placement or cheque clearance.
Maybank islamic fixed deposit i. Maybank has just launched a singapore dollar islamic term deposit called the deposit i. Profits are determined before placement. To obtain our latest rates please call 1800 maybank 1800 629 2265 or 65 6533 5229 overseas.
When you sign up for this fixed deposit the bank will throw in free personal accident takaful coverage. Singapore dollar term deposit i for non individuals protect and grow your asset. This is the first islamic deposit in singapore for retail clients.
Ambank islamic term deposit i. Islamic fixed deposit i ifd i is an islamic term deposit based on the shariah contract of commodity murabahah cost plus sale. The fixed term can be as short as one month or for as long as sixty months.
Islamic term deposits based on the shariah concept of commodity murabahah cost plus sale where a specific asset as deemed fit by the bank is identified and used as the underlying asset for the sale and purchase transaction between bank and customer. The minimum investment is rm1 000 or rm5 000 for 1 month tenure. Rm1 000 for 2 months and above to rm5 000 for 1 month rm500 for in trust and minor for any tenure.
Fixed deposit islamic fixed deposit i. What value added benefits can i get from maybank islamic fixed deposit i. Singapore dollar term deposit i is based on the shariah principle of murabaha involving sale of commodities at marked up price between maybank and you profits are determined upfront and will be paid one calendar day after cash placement or cheque clearance.
Interest rate p a 3 30. The underlying asset for the sale and purchase transaction between the bank and the customer is based on a specific shariah compliant commodity as the bank deems fit. Discontinuation of certificate issuance for islamic fixed deposit i placement for retail customers.
Maybank s islamic term deposit i is based on the islamic financial principle of murabaha involving the sale of commodities at a marked up price between maybank and you. Singapore dollar term deposit iprotect and grow your asset. Higher profit rates than a normal islamic savings account.
Rates islamic term deposit. Investment returns rm 330 00. Islamic fd or commonly referred to as islamic fixed deposit i or general investment account i.
An islamic term deposit with pre determined profit rate.
