alrajhi bank Malaysia Savings Account-i

With the alrajhi bank Malaysia Savings Account-i, reap the benefits of a Visa Debit-enabled ATM card, along with phone and internet banking facilities to manage your funds easily.

alrajhi bank Malaysia Savings Account-i
Profit Rate
Islamic
Account Type
Islamic
Min. Deposit
RM20
Phone Banking
Available
Account Statement
eStatement (via email)

Features

What would make it different?

Online Banking
alrahji@24seven
Mobile App
PIDM Protected
Up to RM250,000
SMS Transaction Alert
Available
ATM Card
Available

Fees & Charges

Annual Fee
RM8
MEPS Withdrawal Fee
RM1
Overseas Withdrawal Fee
RM12
Inactive Account Fee
RM10

Requirements

Minimum Age
  • 18 years old
Minimum Initial Deposit
RM20
Minimum Balance
RM10
Who can apply
  • Malaysians
  • Foreigners

More Information

Who can apply for alrajhi bank Malaysia Savings Account-i?

Anyone holding an NRIC, Military or Police ID and Passport and residing in Malaysia can open alrajhi bank Malaysia Savings Account-i as long as you meet the minimum requirements. There are 2 types of savings accounts you can open with alrajhi bank Malaysia:

  • Personal savings account for individuals aged 13 years and above;
  • Trust savings account for children aged 1 month to 12 years old.

Next, you need to make an initial deposit of RM20 (RM10 for young savers) to open the account and maintain a minimum account balance of RM10 at any time. 

What do I get upon alrajhi bank Malaysia Savings Account-i opening?

Once you have successfully enrolled in alrajhi bank Malaysia Savings Account-i, you have access to banking services such as 24-hour ATM, alrajhi bank Malaysia Debit ATM Card-i, alrajhi@24seven online banking facility and a choice of periodic e-statement delivered to your inbox.

Why should I open a savings account with alrajhi bank Malaysia?

If you're looking to park your hard-earned money in a secure and Shariah-compliant environment, have a go at alrajhi bank Malaysia. This Malaysia-domiciled foreign bank is among the biggest banks in Saudi Arabia. 

That's not all, the bank also offers a comprehensive financial solution for your needs from personal, home and car financing to wealth management products.

Is it safe to keep my money in this savings account?

Absolutely. Rest assured, your hard-earned money will be insured by PIDM for up to RM250,000. Also, alrajhi bank Malaysia will ensure that your principal is guaranteed as per Qard principle. 

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