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.

Standard Chartered Saadiq Term Deposit-i
Min. Deposit
Daily Interest
Early Withdrawal

Fixed Deposit Calculator

Profit Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Profit Rate
min. RM5,0001 month2.65% p.a.
min. RM1,0002 months2.65% p.a.
min. RM1,0003 to 5 months2.75% p.a.
min. RM1,0006 to 12 months2.85% p.a.
min. RM1,00013 to 60 months2.85% p.a.

Fees & Charges

There are no fees associated with this product.


Minimum Age
  • 18 years old
Who can apply
  • Malaysians
  • Partnerships
  • Sole proprietorship
  • Clubs and Societies
  • Associations
  • Cooperatives
  • Private Limited Companies

More Information

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

The Standard Chartered Saadiq Term Deposit-i is an Islamic investment account that operates on the Shariah concept of Tawarruq.

Your profit rates will be determined by the bank, based on the buying and selling of commodities in accordance with 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 open to all Malaysian citizens who are 18 years of age, both Muslims and non-Muslims.

All you need to do is to deposit a minimum amount of RM1,000. 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 a one-month placement or RM1,000 for at least 3 months of placement.

How long can I invest my money?

You can choose an investment period according to your needs (and patience), with placement periods of up to 60 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 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 organizations 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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