Is this a Shariah compliant account?
Indeed it is. The KFH Sure Savings Account-i is based on the contract of Murabahah (cost plus profit) and Tawarruq and in line with provisions set out under the Islamic Financial Services Act 2013.
Who can apply?
You need to be at least 18 years of age, locally born and raised or permanently resided in Malaysia to qualify for the opening this Islamic savings account. For individuals, the minimum amount you can deposit is RM100, whereas non-individuals is RM250.
Tell me the benefits
First, you can be SURE of yourself that the amount deposited into this savings account is protected under Perbadanan Insurans Deposit Malaysia ( PIDM) up to RM250,000. Next, you will earn attractive profit rate of 1.25% p.a. on the money you have saved, hence more reasons to save!
You will get KFH Debit Card-i for free as part of the enrolment. With this debit card, you can perform a host of transactions such as paying for dinner or buying groceries at the store or even booking tickets online, provided you have sufficient balances in your savings account.
Any charges I should be aware of?
There are a few you should take note of such as:
- For replacement of debit card, RM15 will be charged on you per one card;
- For closure of account, RM20 will be imposed on you if it is done within 3 month of account opening;
- For withdrawal at other than KFH ATM machines, RM1.06 will be charged per withdrawal.