MALAYSIAN RINGGIT TIME DEPOSIT-i (TAWARRUQ)

Grow your money securely with your choice of placement period

Why you will love this
Who can apply

Why you will love this

Based on the Shariah principle of Tawarruq

Choice of placement period from 1 month to 5 years

Automatic renewal for the same period upon maturity at prevailing profit rates

Who can apply

All businesses including SMEs as defined by SME Corporation Malaysia

Locate a branch

Make your extra cash work with returns. Start today from as low as RM1,000.

FEATURES AND BENEFITS

Low initial deposit

Place a Time Deposit-i for as low as RM1,000.

Flexible placement period

Choose your placement period from 1 month to 5 years.

Automatic renewal

Grow your money by renewing automatically with earned profit or credit the profit earned to your business account upon maturity.

PROFIT RATES

Duration
1 to 2 months
3 months
4 to 5 months
6 months
7 to 11 months
12 months
13 to 17 months
18 months and above

Profit rates (per annum)
2.55%
2.65%
2.65%
2.65%
2.70%
2.80%
2.80%
2.85%

Before you apply

Eligibility requirements

Business registration

All businesses, including SMEs as defined by SME Corporation Malaysia, are welcomed to apply.

Initial deposit and terms

A minimum deposit of RM5,000 for 1 month TD-i or RM1,000 for TD-i of 2 months tenure and above, up to 5 years.

Required business documents checklist

Customer Self-Checklist

Fees and charges

No profit will be paid for any withdrawals made prior to maturity.

Terms and conditions

Protected by PIDM up to RM250,000 for each depositor.

This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000.