What is Hong Leong Islamic Term-Deposit i?
Hong Leong Islamic Term Deposit-i is a fixed period investment based on the Syariah concept of Commodity Murabahah. Earn attractive fixed profit rates agreed upon opening the account with Hong Leong Islamic.
You will be issued a deposit slip upon placement, along with access to Hong Leong Banking services, including Hong Leong Connect. - that's great news, online banking is always easier!
How does Hong Leong Islamic pay the profit?
You will have the option to either have your profit credited monthly profit or on maturity, whichever you prefer!.
Can I renew at maturity?
Yes, you will be given the option to auto renew at maturity.
What do I need when making a application?
If you want to open either a personal or joint account, including a company account, you will need the following:
- Minimum placement of RM 500.00 for 2 months and above and RM5,000 for 1 month placement
For personal and joint accounts, all Muslims and Non-Muslims above the age of 18 are eligible. However, for companies, it must be registered with ROC and involved in Syariah compliant business and activities.
Is this a safe investment?
A maximum amount of RM250,000 will be protected by PIDM. If you wish to invest more than that amount, place it in a separate term deposit account.