Tell me more about KFH Junior International Commodity Murabahah Deposit-i?
This is a term deposit account that is offered to those below at age of 18, where they are required to bring along a guardian to apply.
This investment is a fixed rate account based on the Islamic concept of Murabahah where the profit rate is determined upfront - that means both you and the bank will know how much each will be getting at maturity!
How much do I need to open an account with KFH?
You will need a minimum deposit of RM1,000 to open the KFH Junior International Commodity Murabahah Deposit-i.
You can invest your funds for 1, 3, 6, 9, and 12 months, or any other tenure period as determined by the bank from time to time. Profit will only be paid out at the maturity date.
Can I withdraw my cash early?
If you withdraw all your cash early, you will not be entitled to the profit. However, profit may be given at KFH's sole discretion.
Are my deposits insured by PIDM?
Yes of course! Up to RM250,000 will be protected by PIDM.