OCBC Al-Amin - Business Banking-i

Velocity@ocbc

Malaysia

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1300 88 0255

(wihin Malaysia)

603-83149090

(outside Malaysia)

Depository accounts are protected by PIDM up to RM250,000 for each depositor
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Deposits

We have different types of savings products that grow your money, while giving you access to your money around the clock, across the world. Choose from a range of account types and enjoy attractive returns.

Current Account-i

Time Deposit-i

Foreign Currency
Call Account-i

Time Deposit-i
(Foreign Currency)

Cekal Current Account-i

Business Access-i

Current Account-i

Current Account-i is based on the Shariah principle of Qard defined as contract of lending money by a lender to a borrower where the latter is bound to repay an equivalent replacement amount to the lender. The bank, at its sole discretion, may provide returns in the form of ‘hadiyyah’ or profit to you as a token of appreciation.

Eligibility

Account may be opened by a firm, company, society / club / association, professional practice, external customers, government or statutory bodies.

Minimum Initial Deposit

RM500 - subject to change.

Time Deposit-i

These are fixed deposit accounts that are based on principle of Bai’ Tawarruq (tripartite commodity trading).

The bank facilitates transaction as an agent for you to undertake the purchase and sale of commodity. The bank then purchases the commodity from you at principal plus profit payable on a deferred term at the end of the deposit tenure. Return on deposit for Time Deposit-i is fixed upfront.

Eligibility

Account may be opened by a firm, company, society / club / association, professional practice, external customers, government or statutory bodies.

Profit rates

The profit rate will be made known upfront to assist you in making an informed decision.

Fees and charges

For other fees and charges, please refer to the Fees & Charges

Foreign Currency Call Account-i

Foreign Currency Call Account-i (FCCA-i) Account is a depository account with no issuance of cheques, and is denominated in any of the approved major currencies other than Malaysian Ringgit (MYR). It is an alternative foreign currency call account that provides businesses with the convenience of depositing and transacting deposit and transact in foreign currencies.

This product is based on the Shariah principle of Qard defined as contract of lending money by a lender to a borrower where the latter is bound to repay an equivalent replacement amount to the lender and Bai Al-Sarf (buying and selling of currencies).

The bank, at its sole discretion, may provide returns in the form of ‘hadiyyah’ or profit to you as a token of appreciation.

Eligibility

Account may be opened by a firm, company, society / club / association, professional practice, external customers, government or statutory bodies.

Available currencies

Fees and charges

Subject to a half-yearly service charge of USD20, or its equivalent, per account in other currencies.
For other fees and charges, please refer to the Fees & Charges

Rates

Click here to view Islamic Deposit Rates.

Time Deposit-i (Foreign Currency)

A fixed deposit account that provides a peace
of mind.

A product based on Shariah principles of Tawarruq and Bai Al-Sarf that offers profit payable at maturity for placement up to 12 months in United States Dollar (USD), Singapore Dollar (SGD) or Great Britain Pound (GBP). Return on deposit is fixed upfront.

Eligibility

Account may be opened by a firm, company, society / club / association, professional practice, external customers, government or statutory bodies.

Available currencies

USD = 10,000
SGD = 10,000
GBP = 5,000

Profit Rates:

The profit rate will be made known upfront to assist you in making an
informed decision.
The Customer may, at any time during the tenure request the Bank’s early settlement of the principal plus profit. No profit is payable for any early settlement of Time Deposit-i.

Fees and charges

For other fees and charges, please refer to the Fees & Charges

Cekal Current Account-i

Cekal Current Account-i is a depository account denominated in Ringgit Malaysia (MYR). This product is based on the Shariah principle of Tawarruq which refers to a purchase of an asset that is in the ownership and possession of a seller on a deferred price, and the subsequent sale of the asset by a purchaser to a party other than the seller on cash basis, for the purpose of obtaining cash.

Eligibility

The Account may be opened by a firm, company, society / club / association, professional practice, external customers, government or statutory bodies.

Minimum Initial Deposit

RM500 - subject to change.

Business Access-i

OCBC Business Access-i is a simple and secure business banking account engineered to suit the specific needs of small and medium enterprises (SMEs).

Open a Current Account-i with us to begin the journey toward smoother daily financial operations. Our comprehensive range of payable and receivables services will give you firm control over your business and peace of mind. Read on to find out how.

Eligibility