FRIA-i is a Shariah compliant term deposit account for individual and non-individual Customer aged 18 years and above where the profit rate is made known to the Customer upon application or renewal of account using the Tawarruq transactions.
- Must be 18 years old and above
- Open for individual and non-individual
[tabby title="Product Details" open="yes"]
|Type of Profit Payment||
|Tenure||1, 3, 6, 9, 12, 15, 18, 24, 36, 48 and 60 months|
|Minimum Initial Amount||
|Profit Rate||Predetermined fixed profit rate upon opening an account or renewal of account.|
Note: Any changes subject to the Bank's discretion.
[tabby title="Fees & Charges"]
|Fees and Charges||
|Brokerage fee (Withdrawal less than ninety (90) days)||
Brokerage fee at 0.05% on the total deposit or RM50.00, whichever is lower, will be borne by the Bank. However this amount will be borne by Customer in the event of premature withdrawal, within ninety (90) days and below, from the date of deposit placement.
|Replacement of lost Term Deposit Certificate||
Stamp duty of RM10.00 for Letter of Indemnity and RM5.00 per Certificate will be charge.
Replacement of damaged Term Deposit Certificate
|RM5.00 per Certificate will be charge.|
Note: The bank will send at least 21 days notice to customers before any changes is made to the fees and charges.
Notes: The above fees and charges are subject to 0% GST