Standard Chartered Saadiq Basic Current Account-i

Go cashless and earn profit rates from your deposits, including a guarantee of safekeeping with this Islamic Standard Chartered current account.

Standard Chartered Saadiq Basic Current Account-i
Profit Rate
0% to 0.5% p.a.
Account Type
Service Charge
Min. Deposit
Phone Banking
Account Statement
eStatement (via email)

Profit Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountProfit Rate
No minimumRM5,000No interest
RM5,001RM15,0000.25% p.a.
RM15,001No maximum0.5% p.a.


What would make it different?

Online Banking
Standard Chartered Online Banking
Mobile App
  • Available
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM10 every 6 months
Overseas Withdrawal Fee
Early Closure Fee
Dishonoured Cheque Fee
Stop Payment Cheque Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Who can apply
  • Malaysians
  • Permanent Residents
  • Foreigners

More Information

What is Standard Chartered's Saadiq Basic Current Account-i?

Standard Chartered Saadiq Basic Current Account-i is a Shariah-compliant deposit account that comes with a chequebook to make easy payments. It is a no-frills and straightforward deposit account, and Hibah or profit earnings may be given at the bank's discretion.

With Standard Chartered, you get convenience with its online banking system where you can view, manage, transfer, and make payments online easily, anytime and anywhere. A debit card will be issued upon sign-up.

What are the highlights of this checking account?

You can utilise a simple mobile banking application with the SC Mobile App available for both Android and iOS phones. You will get free monthly e-statements highlighting all your account transactions.

Unfortunately, there will be no overdraft services for this Islamic current account.

How do I apply for Basic Current Account-i from Standard Chartered Saadiq?

You do not need an introducer for this account. You just need to bring your Identification Card and a minimum deposit of RM500.

Any charges that I may not know about?

There is a half-yearly service fee of RM10 chargeable to your account. Also, when making a payment using a cheque, make sure that you have enough balance because if it bounces due to insufficient funds, you will be fined RM150 and might get blacklisted by Bank Negara Malaysia.

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