Standard Chartered

Standard Chartered Saadiq Term Deposit-i

A Murabahah investment account with flexible tenures, high profit rates, and convenient monthly statements for you to keep track of your transactions.

    • RM1000 minimum deposit
    • Islamic
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM50001 month2.7% p.a.
    more than RM10002 months2.7% p.a.
    more than RM10003 to 5 months2.9% p.a.
    more than RM10006 to 11 months2.95% p.a.
    more than RM100012 months3.5% p.a.

Apply online now for Standard Chartered Saadiq Term Deposit-i

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Fees & Charges

There are always fees but how much are they?

There are no fees associated with this product.

Requirements

Are you eligible for this Standard Chartered Saadiq Term Deposit-i?

Minimum age
18 years old
Open To
  • Partnerships
  • Sole proprietorship
  • Clubs and Societies
  • Associations
  • Cooperatives
  • Private Limited Companies

Frequently Asked Questions about Standard Chartered Saadiq Term Deposit-i

Things you might want to know

How does this Standard Chartered Saadiq Term Deposit-i work?

The Standard Chartered Saadiq Term Deposit-is  an Islamic investment account that operates on the Syariah concept of Tawarruq. Your profit rates will be determined by the bank, based on  the buying and selling of commodities in accordance to the principles of Islam, which Standard Chartered Saadiq will identify and perform on your behalf.

I'm interested to apply. Am I eligible?

This investment plan is opened to all Malaysian citizens who are 18 years of age, for both Muslims and non-Muslims. All you need to do is to deposit a minimum amount of RM1000. For 1-month placements, you will need a minimum of RM5,000.

This Standard Chartered Saadiq Term Deposit-i account is also offered for private limited companies, partnerships, sole proprietors, clubs, societies, cooperatives and associations. For partnerships or sole proprietors, a minimum deposit of RM5,000 is required for one month placement or RM1000 for at least 3 months placement.

How long can I invest my money?

You can choose a investment period according to your needs (and patience), with placement periods of up to 12 months.

Is this Islamic term deposit protected by PIDM?

Yes, the Standard Chartered Saadiq Term Deposit-i is eligible for protection by PIDM, as long as your deposit does not go over RM250,000.

What are the documents do I need to open a Saadiq Term Deposit-i?


If you’re looking to open an individual account, you need to bring along your:

Copy of Identification Card

Partnerships or sole proprietors have to prepare:

  • Copy of Identification Card of all partners
  • Business registration of Form A
  • Company license of Form D

Corporate or non-profit organization must prepare:

  • Copy of NRIC
  • Certified copy of Rules and Regulations
  • Certified copy of a Resolution to open the account signed by the chairman and secretary
  • Certified copy of the Certificate of Registration

Private limited companies have to present:

  • Identity documents of all directors and signatories
  • Certified copy of the Certificate of Incorporation (Form 49)
  • Certified copy of the Return of Allotment of Shares (Form 24)
  • Certified copy of Memorandum and Articles of Association
  • Certified copy of a Board Resolution regulating the conduct of the account
  • Certificate by the Registrar of Company that the company is entitled to commence business
  • Certified copy of a Resolution to open the account signed by the chairman and secretary

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