Standard Chartered Saadiq Term Deposit-i Limited-Time Promotion 2025
Standard Chartered is among the best financial institutions to offer attractive returns with its Term Deposit-i account. The returns you’ll earn get even better with their promotion from 1 April 2025 until 30 June 2025 (“Promotion Period”), subject to the campaign’s terms and conditions.
This promotion is open to new and existing individual account holders of Standard Chartered and Standard Chartered Saadiq’s current account/-i or savings account/-i who are 18 years old and above.
Hurry and grab this chance to enjoy the 3.80% p.a. promotional rates with the Standard Chartered Saadiq Term Deposit-i account. Rest assured that your deposits are protected by PIDM for up to RM250,000.
Note: This promotion applies to fresh funds only.
| Eligible Customer |
Minimum Placement Amount (per transaction) |
Maximum Cumulative Placement Amount (throughout the promotion period) |
| Priority Private | RM30,000 | RM3,000,000 |
| Priority Banking | RM30,000 | RM1,000,000 |
| Non-Priority | RM30,000 | RM200,000 |
*Fresh funds means monies or funds, however transferred, credited, or paid into the eligible CASA/CASA-i from other banks and/or financial institutions or liquidation of wealth assets held with Standard Chartered Malaysia Berhad or Standard Chartered Saadiq Berhad. For the avoidance of doubt, transfers of funds from other CASA/CASAi or including maturity and/or upliftment of FD/TD-i maintained with SCBMB or SCSB are not recognised as Fresh Funds.
How does this Standard Chartered Saadiq Term Deposit-i work?
The Standard Chartered Saadiq Term Deposit-i operates on the Shariah concept of Tawarruq.
Your profit rates will be determined by the bank, based on the buying and selling of commodities following the principles of Islam, which Standard Chartered Saadiq will identify and perform on your behalf.
I'm interested in applying. Am I eligible?
This savings 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, sole proprietors, clubs, societies, cooperatives and associations.
For corporate or non-profit organisations, including private limited companies, a minimum deposit of RM5,000 is required for a one-month placement or RM1,000 for over 3 months of placement.
How long can I save my money?
You can choose a savings period according to your needs (and patience), with placement periods of up to 60 months.
Does PIDM protect this Islamic term deposit?
Yes, the Standard Chartered Saadiq Term Deposit-i is eligible for protection by PIDM, as long as your deposit does not exceed RM250,000.
What documents do I need to open a Saadiq Term Deposit-i?
For individual or joint accounts:
- Copy of your IC
For sole proprietor or partnership accounts:
- Business Registration (Form A)
- Company license (Form D)
- Copy of IC of all partners as an individual customer
For corporate or non-profit organisation accounts:
- Copy of IC
- 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
For private limited companies' accounts:
- 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 the memorandum and articles of association
- Certified copy of a board resolution regulating the conduct of the account
- Certificate by the registrar of the company stating that the company is entitled to commence business
- Certified copy of a resolution to open the account signed by the chairman and secretary
