What should I know about alrajhi bank Malaysia Commodity Murabahah Term Deposit-i?
Want to make profits from your hard-earned cash, but concerned about the pitfalls of Riba?
alrajhi bank Malaysia Commodity Murabahah Term Deposit-i will only invest your money in Shariah-approved investments, making it the perfect vehicle for you to grow your wealth!
Am I eligible to invest?
All individuals aged 18 and above can open this fixed deposit account with alrajhi bank Malaysia.
For tenures less than 3 months, a minimum deposit of RM1,000 is required. For any tenure of 3 months and above, only RM500 is required as a minimum deposit.
What is the maximum tenure?
You can invest and earn profit with Term Deposit-i for up to 5 years – that’s a worthwhile investment with high-profit rates of 3.35%!
What fees do I have to pay?
There is no service fee for investing in this Commodity Murabahah Term Deposit-i.
But you must pay a Wakalah (Agency) Fee of 0.01% and the issuance of Duplicate/Replacement of Term Deposit Account-i Deposit Placement Advice and Renewal Notice of RM5 and RM2, respectively.
These payments will be made to alrajhi bank Malaysia Nominee (Tempatan) Sdn Bhd, which acts as the agent as stipulated in the Terms and Conditions.
How will my profits be calculated?
When you place a deposit, alrajhi bank Malaysia will let you know your profit upfront, which will be calculated every month.
Does PIDM protect my investments?
Yes! All investments in your Term Deposit-i account will be protected up to a maximum of RM250,000 by Perbadanan Insurans Deposit Malaysia (PIDM).
Are there any ongoing promotions?
alrajhi bank Malaysia has two Term Deposit-i campaigns until 31 December 2026. Rates go up to 3.80% p.a., higher than the bank's normal rates of 2.65% to 2.95% p.a. for the same periods.
There are some conditions. You must already have an alrajhi bank Malaysia current or savings account, and you must place your deposit through the MY alrajhi app. Each campaign will also stop early once the bank reaches RM250 million in total deposits.
TD-i Advantage Campaign
With this campaign, you get your profit at the end of the deposit period. You can choose a period from 1 to 12 months. The bank changed some of the rates on 1 October 2026:
| Deposit Period | Minimum Deposit | Until 30 Sep 2026 (% p.a.) | 1 Oct to 31 Dec 2026 (% p.a.) |
| 1 month | RM1,000 | 3.25% | 3.25% |
| 2 months | RM1,000 | 3.40% | 3.40% |
| 3 to 5 months | RM500 | 3.50% | 3.50% |
| 6 months | RM500 | 3.80% | 3.50% |
| 7 to 8 months | RM500 | 3.75% | 3.50% |
| 9 months | RM500 | 3.80% | 3.75% |
| 10 to 11 months | RM500 | 3.75% | 3.75% |
| 12 months | RM500 | 3.80% | 3.80% |
From 1 October, only the 12-month period still pays 3.80% p.a. If you deposit RM20,000 for 12 months, you earn RM760. At the bank's normal 12-month rate, you would earn RM590. That means you get RM170 more with the campaign.
Upfront Profit Term Deposit-i Quick Returns Campaign
This campaign is for the same Term Deposit-i, but it pays your profit at a different time. The bank puts your profit into your account one day after you make the deposit. You don't need to wait until the end of the period.
The rates are:
- 3.15% p.a. for 1 month
- 3.40% p.a. for 3 months
- 3.70% p.a. for 6, 9 or 12 months
The minimum deposit is RM500.
For most periods, you earn a little less when you get your profit early. For example, RM20,000 for 12 months earns RM740 with this campaign and RM760 with the Advantage Campaign.
The 6-month period is different. It pays 3.70% p.a. here but only 3.50% p.a. in the Advantage Campaign. On RM20,000, that is about RM20 more. So for 6 months, this campaign gives you more profit, and you get it sooner.
Who can get the campaign rates?
Both campaigns are open to new and existing customers who already have an active alrajhi bank Malaysia current or savings account. If you are a new customer, you must open this account first. Your account must be in good standing. For example, it must not be dormant, suspended or behind on payments.
Only individuals can join. Companies and organisations can open the normal Term Deposit-i, but they cannot get the campaign rates. This includes sole proprietorships, partnerships, societies, clubs and cooperatives.
The bank also excludes customers who:
- Are bankrupt
- Are involved in legal proceedings
- Are suspected of fraud
How to get the campaign rate
You must make your deposit in the MY alrajhi app. If you deposit at a branch or in another way, you get the normal rate. The minimum deposit is RM500. The only exceptions are the 1-month and 2-month periods in the Advantage Campaign, which require RM1,000.
The bank gives the rates on a first-come, first-served basis. This means the campaign can end before 31 December if it reaches its limit.
What happens when your deposit ends
The campaign rate is only for your first deposit period. When the period ends, the bank will automatically start a new deposit for the same length of time at its normal rate, unless you tell the bank otherwise. For example, a 12-month deposit at 3.80% p.a. will continue for another 12 months at 2.95% p.a.
If you do not want this, give the bank your instructions before your deposit period ends.
The bank can change the campaign rates if the Overnight Policy Rate (OPR) changes. It can also end either campaign early. PIDM protects your deposit up to RM250,000.
