What do I need to know about CIMB Islamic Fixed Deposit-i (Monthly Returns)?
This CIMB Islamic Fixed Deposit-i (Monthly Returns) is a Shariah-compliant investment account following the principles of Tawarruq and Murabahah with Commodity Murabahah.
This account is open to individuals who are aged 18 and above, residents or non-residents. It is open to individuals, joint account holders, business enterprises, associations, societies, or clubs.
You need at least RM1,000 to open this account and with a maximum placement of 60 months.
The profit rates are agreed on when signing up for the CIMB Islamic Fixed Deposit-i (Monthly Returns). You get cash payments every month instead of having to wait until the date of maturity.
You can also use the Investment Certificate as collateral for loans with CIMB or CIMB Islamic.
How do I get to collect my profits?
With Fixed Deposit-i (Monthly Returns), you can collect your profit on a monthly basis. You will have to open a Savings or Current Account-i first.
The bank will transfer your profit every month to this account.
Can I withdraw my fixed deposit before maturity?
Yes, CIMB Islamic Fixed Deposit‑i (Monthly Returns) allows early withdrawals, but no profit will be paid on the amount you withdraw before maturity. You can make partial withdrawals in multiples of RM1,000, with a minimum of RM1,000. This applies to all deposits and renewals made from 1 November 2018 onwards.
How do I open this Fixed Deposit-i (Monthly Returns) with CIMB Islamic?
You'll need to show your identity card or passport with a minimum deposit of RM1,000.
Is this CIMB Islamic Fixed Deposit-i (Monthly Returns) secured?
Yes. This investment is insured automatically for the loss of your investment in case of the bank’s failure, up to RM250,000 by PIDM.
