Bank Islam

Bank Islam Term Deposit-i

Bank Islam Term Deposit-i allows you the flexibility of managing the growth of your wealth for up to 60 months. Profit and profit guaranteed!

    • RM500 minimum deposit
    • Auto-Renewal
    • Islamic
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM10001 month2.8% p.a.
    more than RM5002 months2.8% p.a.
    more than RM5003 to 5 months2.85% p.a.
    more than RM5006 to 8 months2.9% p.a.
    more than RM5009 to 11 months3% p.a.
    more than RM50012 months3.1% p.a.
    more than RM50015 months3.3% p.a.
    more than RM50018 months3.4% p.a.
    more than RM50021 months3.45% p.a.
    more than RM50024 to 48 months3.5% p.a.
    more than RM50060 months3.6% p.a.

Apply online now for Bank Islam Term Deposit-i

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our Terms of Use. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for Bank Islam Term Deposit-i

To help you better we need to know a little bit more about your application.
Confirm your application

Oops. We can't seem to get a quote for you for a while there. Please click "Get Quote" again.

Your qualifications have not met the requirements of this policy. Don’t worry, you can still check other insurance policies

Please fill in all fields and enter a valid email

Thank you for applying with RinggitPlus!

We’ve sent you an email to help with your application.

Continue to Bank Islam website

If you have any questions let us know at [email protected], we'd love to help!

Follow us to keep in touch and not miss out on offers and promotions.

View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

There are no fees associated with this product.


Are you eligible for this Bank Islam Term Deposit-i?

Minimum age
18 years old
Open To
  • Trustee
  • Clubs and Societies
  • Associations
  • Companies
  • Cooperatives
  • Government
  • Non-residents
  • Malaysian residents
  • Sole proprietorship

Frequently Asked Questions about Bank Islam Term Deposit-i

Things you might want to know

What do I need to know about Bank Islam Term Deposit-i?

A PIDM protected Islamic investment account with the flexibility to manage your funds and watch them grow in both the short or long-term. You will receive a certificate upon signing up. 

This Shariah compliant account is based on the principle of Tawarruq, where the bank will make use of your deposits to carry out investments approved by Shariah. This Bank Islam account offers hard to beat upfront profit rate and with a guarantee on your deposit for up to RM250,000.

Can I withdraw my fixed deposit before maturity?

Partial withdrawal of your fixed deposit is not allowed. What's more, when you make a premature withdrawal of your fixed deposit before maturity date, you will no longer receive any profit payments, effective from January 2019.

Even though Bank Islam does not penalize you for making premature withdrawal, however, you are required to pay 50% of the total brokerage fee to the bank. Therefore, it is advisable to just park your money in that account until maturity date.

What do I need to bring along to open a fixed deposit account with Bank Islam?

For this account, you will need a minimum opening deposit of RM1,000 for 1-month tenure, or RM500 for 2-months and above. Remember to also bring along your Identification card!

Is there auto renewal for Bank Islam’s Term Deposit-i account?

Yes, absolutely! The profit rate will be based on the current prevailing profit rate and you will be able to choose from the following options:

  • Allowed for the same deposit amount and for the same tenure
  • Allowed for the deposit amount + profit and for the same tenure

Read More