What is the KFH Foreign Currency International Commodity Murabahah Deposit-i about?
This is a fixed rate term deposit investment account from Kuwait Finance House based on the Syariah Principle of Murabahah where the profit rate and amount is known by both the you and the bank upfront.
This is a unique product as it is the only Islamic term deposit account in foreign currency.
What is the minimum cash deposit?
You can start with a minimum deposit amount of USD3,000 (roughly RM12,000) or equivalent for up to 12 months. KFH will accept US Dollar, Singapore Dollar, Australian Dollar, and British Pounds.
Can I withdraw all my deposits before maturity?
You may, as it is your money afterall! But, you may lose part of the profit as a result of such early withdrawal.
Am I allowed an auto renewal?
Yes, auto renewal will be allowed using the principal deposit or bundled with your profit.
Are my investments protected by PIDM?
The KFH Foreign Currency International Commodity Murabahah Deposit-i will be covered by PIDM for up to a maximum of RM250,000.