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 FD-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you agree to give a rebate on your profit in exchange for getting the Murabahah Sale Price early, but the amount withdrawn will be subjected to the following conditions: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 FD-i placement/renewal from 1 November 2018 onwards:
- For full and partial withdrawal of FD-i of any tenure before the completion of its tenure, no profit will be paid for the withdrawn amount.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withdrawal, upon completion of the tenure, profit based on the contracted rate will be paid for the amount that is not withdrawn.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 FD-i placements/renewals prior to 1 November 2018:
- For FD-i of 1 month, 2 months or 3 months tenure that is fully or partially withdrawn before the completion of its tenure, no profit will be paid for the withdrawn amount. For partial withdrawal, profit on the contracted rate will be paid for the amount that is not withdrawn;
- For FD-i of 4 months and above that is fully or partially withdrawn after the completion of 3 months, profit of half of the contracted rate for each completed month of the withdrawn amount will be paid on the withdrawn amount. For partial withdrawal, profit on the contracted rate will be paid for the amount that is not withdrawn.
During your FD-i placement, you can choose to credit your profit into your own deposit account or add it into your principal amount.
You can give us instructions on renewal or rollover at any time before maturity. If you do not give us any renewal or rollover instructions, our system will automatically renew your FD-i. You will also have a grace period of fourteen days to rollover for a different period.
