24th November 2022 - 2 min read
Just like any individual customer who may choose to invest or place their funds in savings accounts to earn profit, businesses, too, can do so via a range of channels – with one popular instrument being term investment accounts.
Essentially, term investment accounts work a little like fixed deposits. Business owners can park their funds into the account, which is structured based on a mudarabah (profit-sharing) contract, after which it will be invested into shariah-compliant assets of low to medium risk. This is with the aim of reaping profit after a fixed period of time.
Among other advantages, term investment accounts offer a good way for businesses to preserve their capital as well as manage any extra funds that they have. By depositing some of these resources, they can grow their money over time, and eventually tap into the profit gained to drive business growth in the future.
Of course, there are several such accounts available in the market, but one option that you might want to check out now is CIMB Islamic’s Term Investment Account-i (TIA-i). Here’s why.
Open to all businesses, enterprises, and corporations, CIMB Islamic’s purpose-driven Term Investment Account-i is one of the bank’s various efforts to help businesses while driving positive impact among vulnerable segments and the community.
If you hope to play a part in building a better future for the country with your business investments, head on over to CIMB’s website here for more information.
Disclaimer: The content of this article does not constitute financial advice. Readers should conduct their own research before making a financial decision. The material has not been reviewed by the Securities Commission Malaysia (SC).
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