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Benefits
Shariah Compliant
Based on Shariah principles of Wakalah with underlying Commodity Murabahah.
Affordable Minimum Placement Amount
1 month tenure - minimum deposit placement of RM5,000
2 months tenure and above – minimum deposit placement of RM500
Brokerage Fee Waiver
Brokerage fee is waived.
Automatic Renewal
Automatic Renewal upon maturity. Profit can be reinvested.
Withdrawal Flexibility
Early full withdrawal is allowed upon customer’s request, with no additional charges.
*subject to terms and conditions
Eligible for Protection by PIDM
Protected by PIDM up to RM250,000 for each depositor.
Terms and conditions apply.
Requirements
| Company (Sdn Bhd/Berhad) | Forms Before 31/01/2017) |
Forms After 31/01/2017) |
Forms Any Changes) |
|---|---|---|---|
| Photocopy of all Directors & Signatories's MyKAD/Passport, Visa documents & UBO/shareholders with 25% or above |
Yes | Yes | No |
| Memorandum & Articles of Association | Yes | Optional | No |
| Certificate of Incorporation | Form9 | Section 17 | Section 17 |
| Certificate of Change of Name | Form13 | Section 23(2) | No |
| List if Directors & Secretary | Form49 | Section 14 | Section 58 |
| Shareholding/Issue & Paid-up Capital | Form24 | Section 58 & 236(2) | Section 78 |
| Notice of Situation of Registered Office | Form44 | Section 46 | Section 46(3) |
| Annual Return | Section 68 | Section 68 | Section 68 |
| Statutory Report | No | No | Section 51 |
| Resolution of Board of Directors | Yes | Yes | No |
| Certificate to Commence Business - for Public Companies only | Form23 | Section 190(3) | Section 190(3) |
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