AFFIN ISLAMIC Foreign Currency Term Deposit-i

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AFFIN ISLAMIC Foreign
Currency Term Deposit-i

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Shariah Compliant

Based on Shariah principles of Wakalah with underlying Commodity Murabahah.

Range of Currencies

Selection of major currencies, including USD, AUD, GBP, NZD, and SGD.

Flexible Tenure

Flexibility to choose a tenure between 7 days up to 365 days, 1, 3, 6, 9 and 12 months.

Brokerage Fee

Brokerage fee is waived.

Eligible for Protection by PIDM

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

Eligibility

Sole Proprietor
Partnership
Limited Liabilities Partnership (LLP)
Private Limited Company

Documents and Requirements

Sole Proprietorship/Partnership/Limited Liability Partnership (LLP)

Minimum placement amount of USD3,000 or equivalent
MyKad/Passport for Business Owner/Partners & Authorised Signatories
Business Registration Information Form
Form D (Business Registration) with the latest information
Trading License (for East Malaysia only)
LLP Corporate Profile (extracted from Suruhanjaya Syarikat Malaysia ("SSM")(for LLP only)
Notice of Registration from Registrar of LLP (for LLP only)
LLP Agreement (for LLP only)
LLP Mandate Form signed by all partners (for LLP only)
Letter of Indemnity (for Sole Proprietor’s ATM cardholder)
Letter of Authorisation to indicate the intention to open account and manner of operating the account (for Partnership/LLP only)
Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
Practising Certificates (for professional firms)
Registration of Firm with professional association & registration authorities (for professional firms)

Company Incorporated BEFORE 31/1/2017

Minimum placement amount of USD3,000 or equivalent
MyKad/Passport for Directors & Authorised Signatories
Memorandum & Articles of Association ("M&A")
Certificate of Incorporation - Form 9
Particulars of Directors - Form 49
Return of Allotment of Shares - Form 24
Resolution of Board of Directors
Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
Practising Certificates (for professional firms)
Registration of Firm with professional association & registration authorities (for professional firms)

Company Incorporated AFTER 31/1/2017

Minimum placement amount of USD3,000 or equivalent
MyKad/Passport for Directors & Authorised Signatories
Notice of Registration by Suruhanjaya Syarikat Malaysia ("SSM")
Memorandum & Articles of Association ("M&A") (optional)
Section 14, Application for Registration of Company
Section 17, Certificate of Incorporation of Private Company
Section 15 - Notification of Registration or Section 41(3) - Notice of Conversion, or Section 17 - Certificate of Incorporation
Section 58 - Notification of Change in the Register of Director, Manager and Secretaries (if available)
Section 58 & 236 (2), Notification of Appointment of the First Company Secretary (if available)
Resolution of Board of Directors
Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
Practising Certificates (for professional firms)
Registration of Firm with professional association & registration authorities (for professional firms)

Important Information

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AFFIN ISLAMIC Foreign ​​​​​​​Currency Term Deposit-i

Protected by PIDM up to RM250,000 for each depositor

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AFFIN ISLAMIC Foreign
Currency Term Deposit-i