Term Deposit-i

AFFIN Islamic Term Deposit-i

Features & Benefits

Shariah Compliant

Based on Shariah principles of Wakalah with underlying Commodity Murabahah.

Flexible Tenure

Flexibility to choose a tenure between 1 to 60 months.

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.

Fixed Return on Investment

The profit rate is fixed upfront and hence keeping your money protected from market fluctuations.

Eligible for Protection by PIDM

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

Eligibility

Documents and Requirements

Sole Proprietorship/Partnership/Limited Liability Partnership (LLP)

MyKad/Passport for Business Owner/Partners & Authorised Signatories
Form A 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

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

MyKad/Passport for Directors & Authorised Signatories
Notice of Registration by Suruhanjaya Syarikat Malaysia ("SSM")
Memorandum & Articles of Association (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)

Association/Club/Society/Other Religious Bodies

MyKad/Passport for Office Bearers & Authorised Signatories
Certificate of Registration issued by the Registrar of Society ("ROS")
Letter of Authorisation issued by its Governing Body regulated by the Acts of Parliament (applicable for bodies which do not come under the jurisdiction of ROS)
Certificate of Rules and Regulations of Club/Associations including by-laws
Resolutions of Committee Members