Asian Finance Bank

Asian Finance Bank Commodity Murabahah Term Deposit-i

A Shariah compliant investment account with PIDM guarantee, upfront profit rates, and investment period of up to 12 months. Enjoy ZERO Wakalah fees!

    • RM1000 minimum deposit
    • Auto-Renewal
    • Islamic
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM50001 month3.3% p.a.
    more than RM10003 months3.35% p.a.
    more than RM10006 months3.45% p.a.
    more than RM10009 months3.5% p.a.
    more than RM100012 months3.65% p.a.

Fees & Charges

There are always fees but how much are they?

There are no fees associated with this product.

Requirements

Are you eligible for this Asian Finance Bank Commodity Murabahah Term Deposit-i?

Current Account required
Savings Account required

Frequently Asked Questions about Asian Finance Bank Commodity Murabahah Term Deposit-i

Things you might want to know

What is Commodity Murabahah Term Deposit-i all about?

Commodity Murabahah Term Deposit-i is an Islamic investment account based on the Shariah concept of Tawarruq. What is that you ask? This allows Asian Finance Bank to tell you your profit upfront, which will be credited into your bank account at the end of the investment period.

Who can apply for this deposit account? Is it Muslims only?

Both Muslims and Non-Muslims are eligible for the Commodity Murabahah Term Deposit-i from Asian Finance Bank. You can open this account as an individual or on the behalf of companies, associations, clubs, government and statutory bodies.

How do I start investing?

To start, choose from tenures of 1, 3, 6, and 12 months. If your preferred tenure is only 1 month, the minimum deposit is RM5,000. For any placements beyond a month, the minimum deposit will be RM1,000.

If you don't already have one, you'll also need to open an Asian Finance Bank savings or current account for your profit to be easily credited into.

Can I withdraw from my Term Deposit before maturity?

It is not recommended that you make early withdrawals from your Commodity Murabahah Term Deposit-i account. If your withdrawal is made within the first 3 months, you will not be entitled to any profit from the bank. 

For withdrawals made after 6 months, the profit returned will be based on the profit rate of a regular Asian Finance Bank savings account!

Can I renew this Islamic investment?

Sure you can! This fixed deposit by Asian Finance Bank is actually an auto-renewal account. You can choose to re-invest with either the full principal or principal with profit.

Is this deposit account insured by PIDM?

Yes, deposits of up to RM250,000 will be guaranteed by PIDM.

What documents will I need? 

For individual or sole-proprietor applicants, you’ll need to prepare the following documents:

  • Copy of identification card
  • Copy of certificate of business registration
  • Form PNA 23 or Form A and subsequent Form B

If you're self-employed person, you’ll need the following:

  • Copy of certificate of incorporation
  • Memorandum and articles of associations
  • Form 49 – Particulars of directors and company secretary
  • Form 24, 45, 48A
  • Resolution of the Board Directors

Read More