What is RHB Mudharabah Savings Account-i?
RHB Mudharabah Savings Account-i adopts the Shariah principles of Mudharabah, which means when you deposit money into the account, you and the Bank both share profits on investments, based on a mutually agreed profit-sharing ratio.
Who can apply for this account?
You must be a Malaysian resident or permanent resident of age 18 and above. For individuals under the age of 12, the account shall be open in trust by a parent or guardian.
What are the other features and benefits?
You will be entitled to the below benefits as an RHB Mudharabah Savings Account-i holder:
- Monthly profit on investment (if any)
- RM100,000 Takaful Personal Accident protection coverage
- Standing instruction for payment of bills and routine fund transfers
- Debit card convenience
- Online banking services
- 24-hour customer service
- 24-hour cheque & cash deposit terminal
Any other things I need to watch out for?
Premature cash withdrawals may cause you to lose the profits earned on your deposits.
|Less than 1 month activation||Not entitled to profit share|
|After 1 month activation||Entitled to profits at bank's discretion|