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Deposits
Floating Rate
Term Deposit-i
Protected by PIDM up to RM250,000 for each depositor

About

Floating Rate Term Deposit-i (FRTD-i ) is a Shariah-compliant term deposit that enables you the opportunity to enjoy potential increases in the profit rates landscape between lock-in periods. And you won’t need to rearrange for the next tenure; the Effective Profit Rate (EPR) shall be reset at the end of each Repricing Period and the updated EPR will be applicable to the following Repricing Period and Profit Period. alrajhi bank Malaysia determines the rates in-house, correlating them with Malaysia’s dynamic profit rate landscape.

Benefits

Returns
Potential to get better returns
Selection of tenures
Choice of selection of tenures that ranges between 12 and 60 months
Flexibility
Flexibility on when profit is paid **
Shariah Standard
FRTD-i complies with alrajhi bank Malaysia’s globally trusted Shariah standards
Shariah Contract
Commodity Murabahah (via Tawarruq arrangement)

Kindly take note that for any pre-matured withdrawal, profit shall be clawback/forfeited should the FRTD-i be uplifted prior to its stated tenure.

Floating Rate Term Deposit-i Board RateFloating Rate Term Deposit-i Placement Form (ENG)Floating Rate Term Deposit-i Placement Form (BM)FAQ (ENG)FAQ (BM)

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