OCBC

OCBC Al-Amin Fixed Deposit-i

An Islamic general investment account that guarantees fixed profits at attractive rates! Maximise your wealth with placement period of up to 5 years.

    • RM1000 minimum deposit
    • Islamic
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM50001 month2.65% p.a.
    more than RM10002 months2.65% p.a.
    more than RM10003 months2.75% p.a.
    more than RM10004 to 6 months2.85% p.a.
    more than RM10007 to 11 months2.95% p.a.
    more than RM100012 months3% p.a.
    more than RM100013 to 60 months3.05% p.a.

Apply online now for OCBC Al-Amin Fixed Deposit-i

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our terms & conditions. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for OCBC Al-Amin Fixed 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.

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 OCBC website

If you have any questions let us know at can@ringgitplus.com, we'd love to help!

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

Fees & Charges

There are always fees but how much are they?

Additional Statement Request
RM10.60 per document

*inclusive of 6% GST

Requirements

Are you eligible for this OCBC Al-Amin Fixed Deposit-i?

Minimum age
18 years old

Frequently Asked Questions about OCBC Al-Amin Fixed Deposit-i

Things you might want to know

What's the OCBC Fixed Deposit-i about?

This OCBC Al-Amin Fixed Deposit-i is the Islamic equivalent of the conventional fixed deposit investment account. It follows the Syariah principle of Tawarruq. When you deposit money with OCBC Al-Amin, you appoint the bank as your agent to purchase a commodity, for example, Palm Oil.

OCBC Al-Amin will purchase Palm Oil from a trader on your behalf, making you the owner. OCBC Al-Amin then purchases it from you at a higher price (cost plus profit),  which is to be paid on the specific deferred payment date throughout your investment period.

Can I withdraw my money before maturity?

You can request the bank for early withdrawal of your cash, and agree to a rebate, or 'ibra' rate. If you choose to settle your deposit within 3 months of making your placement, no profit will be paid to you. If you choose to withdraw well after 3 months, your profit will be baes on half the agreed rate for the completed months only.

How long can I invest in this fixed deposit?

OCBC Al-Amin Fixed Deposit-i tenures are from 1 month up to a period of 60 months. That's 5 years of not touching a single sen of your money!

Will my deposit be protected by the government under PIDM?

This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation ( PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal a mount of a deposit and your profit amount. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000 each.

Read More