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Features & Benefits

1 To 60 Months
Predetermined Profit Rate
Highest Profit Rate
Interim Profit Included
Automatic Renewal
Option to Pledge

Eligibility

Applicable for all business enterprises and corporations

Requirements

  • Minimum deposit placement of RM5,000 for 1-month tenure.
  • Minimum deposit placement of RM1,000 for a 2-month tenure and above, with deposit increment in any amount.

Documents Required

Individuals

  1. Photocopy of Identity Card or passport

 

Business Enterprises

Certified copy of the following by Company Secretary:

  1. Memorandum & Articles of Association - Certificate of Incorporation
  2. Form 24 – Return of Allotment of Shares
  3. Form 49 – Particulars of Directors
  4. Resolution from Board of Directors to open account & list of authorised signatories
  5. Business registration form (sole proprietors/partners)
  6. Photocopies of Identity Cards of all authorised signatories

 

Clubs/Associations/Societies,  Mosques and Other Religious Bodies

Certified copy of:

  1. Resolution of Committee Members authorising opening of account & list of authorised signatories
  2. Authority letter for Clubs/Societies
  3. Rules & Regulations of Clubs/Associations including by-laws
  4. Photocopies of Identity Cards of all authorised signatories

Rates

Effective 13 July 2020

Tenure (Month)

Board Rate (% p.a.)  

1 month

1.50%

2 months

1.65%

3 months

1.70%

4 months

1.70%

5 months

1.70%

6 months

1.80%

7 months

1.80%

8 months

1.80%

9 months

1.80%

10 months

1.80%

11 months

1.80%

12-14 months

1.85%

15-17 months

1.85%

18-20 months

1.85%

21-23 months

1.85%

24-35 months

1.85%

36-47 months

1.90%

48-59 months

2.00%

60 months

2.10%

Protected by PIDM up to RM250,000 for each depositor. To view PIDM's brochure, click here.

Additional Features

You can choose to withdraw a minimum of RM1,000 and in multiples of RM1,000 under the same account number. You must maintain a minimum of RM1,000 in your account, except if your FRIA-i placement is for one month. You can withdraw your investment before maturity through a rebate or Ibra' clause, whereby you agree to give a rebate on your profit in exchange for getting the Murabahah Sale Price early, but the amount withdrawn will be subjected to the following conditions:

 

1. For FRIA-i placement/renewal from 1 November 2018 onwards:

  • For full and partial withdrawal of FRIA-i of any tenure before the completion of its tenure, no profit will be paid for the withdrawn amount. For partial withdrawal, upon completion of the tenure, profit based on the contracted rate will be paid for the amount that is not withdrawn.

 

2. For FRIA-i placements/renewals prior to 1 November 2018:

 

  • For FRIA-i of 1 month, 2 months or 3 months tenure that is fully or partially withdrawn before the completion of its tenure, no profit will be paid for the withdrawn amount. For partial withdrawal, profit on the contracted rate will be paid for the amount that is not withdrawn;
  • For FRIA-i of 4 months and above that is fully or partially withdrawn after the completion of 3 months, profit of half of the contracted rate for each completed month of the withdrawn amount will be paid on the withdrawn amount. For partial withdrawal, profit on the contracted rate will be paid for the amount that is not withdrawn.