What is the Bank Islam Mudharabah Savings Account-i?
The Bank Islam Mudharabah savings Account-i is an Islamic savings account with very attractive profit rates of up to 1.5% p.a. which is based on the Shariah principle of Mudharabah - a Islamic model for profit sharing. All your banking needs can be fulfilled with the availability of Bank Islam Internet Banking, and also TAP Mobile Banking-i if you're always on the go.
You will be able to open the Bank Islam Mudharabah Savings Account-i as an individual, a trust account for your children, or a joint account with another person. A Bank Islam Visa Debit Card-i will also be available for your convenience, along with a passbook and account statement to keep track of your transactions.
How am I eligible to open this savings account?
Anyone as young as 13 years old is allowed to apply for this savings account. As this is a deposit account, you will require an initial minimum deposit of RM200. However, you will need to maintain the deposit amount of RM50 to avoid the bank from closing your account.
Is this account being covered by PIDM?
Yes, this account is covered with PIDM protection. Your deposits will be protected in the event of a bank failure, however unlikely it is!
What are the charges I need to take care of?
In case you want to replace your Bank Islam Visa Debit Card-i, it will costs you all of RM12.