What should I know about Term Deposit-i?
Want to make profits from your hard earned cash, but concerned about the pitfalls of Riba?
Al Rajhi Term Deposit-i will only invest your money in Shariah-approved investments, making it the perfect vehicle for you to grow your wealth!
Am I eligible to make an investment?
All individuals aged 18 and above are eligible to open this fixed deposit account with Al Rajhi Bank.
For 1 month tenures, a minimum deposit of RM1,000 is required. For any tenures 3 months and above only RM500 is required as a minimum deposit.
What is the maximum tenure?
You can invest and earn profit with Term Deposit-i for up to 5 years – that’s a worthwhile investment with high profit rates of 3.62%!
How will my profits be calculated?
When you place a deposit Al Rajhi Bank will let you know your profit upfront, which will be calculated on a monthly basis.
Are my investments protected by PIDM?
Yes! All investments in your Term Deposit-i account will be protected up to a maximum of RM250,000 by Perbadanan Insurans Deposit Malaysia ( PIDM).