What is the Alliance Islamic Junior Smart Term Deposit-i?
This Islamic fixed deposit account is available, especially for the younger ones in the family. With this account, you will enjoy a fixed profit rate according to the Islamic concept of Murabahah Tawarruq - this principle is the buying and selling of assets by the bank with your deposits for a profit, if they earn big, you'll win too!
You can link your FD account to the Junior Smart Savers Account-i for your profit to be credited once your investment reaches maturity. For this FD account, there will be zero brokerage fee!
What is the minimum placement amount?
You can deposit a minimum of RM500. All you have to do next is watch your wealth grow at an agreed profit-sharing rate.
Who can open this fixed deposit with Alliance Islamic?
Remember, anyone of any religion can open this FD account. Other requirements include the following:
- Individuals aged 18 years and below
- Application to be made and submitted jointly with the parents, guardian or trustee.
Can I withdraw my fixed deposit before maturity?
If you withdraw your deposits, whether a portion or in full, you will receive a lower interest rate on the remainder in the Alliance Islamic Junior Smart Term Deposit-i.
