Secure, predictable returns tailored to your timeline
Looking for a secure way to manage your savings effectively? alrajhi bank Malaysia's Term Deposit-i and Upfront Profit Term Deposit-i offer a fixed, Shariah-compliant profit rate for a set tenure—stable, predictable, and unaffected by market fluctuations. Enjoy complete flexibility: either opt for Upfront Profit Term Deposit-i to receive your profit payout the very next day or choose Term Deposit-i to collect your profit upon maturity.
Both are structured under the Commodity Murabahah principle, with a minimum placement of just RM500 and full PIDM protection up to RM250,000 per depositor. Place digitally via the MY alrajhi app and earn an additional profit bonus: 0.20% p.a. on Term Deposit-i or 0.15% p.a. on Upfront Profit Term Deposit-i.
Earn up to 3.8% profit rate with our latest Term Deposit-i promotion or up to 3.7% with our Upfront Profit Term Deposit-i promotion.
Why place your term deposit with alrajhi bank Malaysia?
Designed for Malaysians seeking a reliable and structured savings solution, alrajhi bank Malaysia term deposits pairs ethical principles with competitive profit rates — delivering predictable returns at every tenure.
Key features & benefits
Based on commodity murabahah
Digital profit bonus
Multiple tenures available
- Term Deposit-i : Flexible options from 1 to 60 months.
- Upfront Profit Term Deposit-i: Choice of 1, 3, 6, 9, or 12 months.
Your capital, always protected
PIDM protection
No hidden fees
alrajhi bank Malaysia term deposit rates
Check out the latest profit rates for our Islamic term deposit and find the tenure that best fits your financial goals. Whether you’re saving for the short term or planning for the future, you can take advantage of our market-leading profit rates today.
Term Deposit-𝘪 rates
| Tenure | Standard rate (p.a.) | MY alrajhi app rate (p.a.) | Special profit rates 22 August – 30 September 2026 |
|---|---|---|---|
| 1-month | 2.00% | 2.20% | 3.25% |
| 2-month | 2.05% | 2.25% | 3.40% |
| 3-month | 2.10% | 2.30% | 3.50% |
| 9-month | 2.25 | 2.45% | 3.80% |
| 12-month | 2.30 | 2.5% | 3.80% |
Upfront Profit Term Deposit-𝘪 rates
| Tenure | Standard rate (p.a.) | MY alrajhi app rate (p.a.) | Special profit rates 1 Sept– 31 Dec 2026 |
|---|---|---|---|
| 1-month | 1.95% | 2.10% | 3.15% |
| 3-month | 2.05% | 2.20% | 3.40% |
| 6-month | 2.15% | 2.30% | 3.70% |
| 9-month | 2.20% | 2.45% | 3.70% |
| 12-month | 2.25% | 2.50% | 3.70% |
Go digital, earn more
If you make your placement via the MY alrajhi app, you’ll enjoy an additional 0.20% p.a. on Term Deposit-i or 0.15% p.a. on Upfront Profit Term Deposit-i on top of the standard board rate.
All profits stated are exclusive of the 0.01% agency fee (including SST).
For tenures up to 60 months,
please refer to our full Board Profit Rates.
How to place an
alrajhi bank Malaysia Term Deposit-i
Getting started takes just three steps — and you can do it entirely from the MY alrajhi app.
You will need an existing alrajhi bank Malaysia savings or current account to place a term deposit. You can easily open a DuitPlus Savings Account-i via the MY alrajhi app.
Navigate to the Term Deposits-𝘪 section on your dashboard. Select your preferred product, choose your preferred tenure, and decide how much you want to invest.
Complete the secure verification to authorize your placement. Once successful, you can track your active deposits and view your maturity details directly on the app dashboard.
Frequently-asked questions (FAQ) about Islamic term deposits
An Islamic term deposit, formally known as Term Deposit-𝘪, is a Shariah-compliant financial instrument designed to earn competitive returns, by placing funds for a fixed tenure to earn a profit. While these are often colloquially referred to as "Islamic fixed deposit" the Term Deposit-𝘪 structure is fundamentally different from conventional banking as it avoids interest (riba). At alrajhi bank Malaysia, our Term Deposit-𝘪 is governed by the Shariah principle of commodity murabahah (via tawarruq arrangement). This is a trade-based structure where your profit rate is agreed upon upfront.
Both are Shariah-compliant term deposit products structured under the Commodity Murabahah (Tawarruq) principle, with fixed profit rates agreed upon at the point of placement. The key differences lie in when you get paid and the digital profit bonus rate:
- Term Deposit-i: Profit is credited at the end of your tenure (at maturity). Placing via the MY alrajhi app earns 0.20% p.a. digital profit bonus.
- Upfront Profit Term Deposit-i: Profit is credited the day after your placement. Placing via the MY alrajhi app earns 0.15% p.a. digital profit bonus.
Your choice depends on your cash flow preferences and target returns:
- Choose Upfront Profit Term Deposit-i if: You value immediate liquidity and want access to your returns right away to spend, reinvest, or cover expenses, while still enjoying a 0.15% p.a. digital bonus.
- Choose Term Deposit-i if: You prefer a traditional lock-in setup where earnings mature at the end, want access to longer tenure options (up to 60 months), or want to maximize your returns with the higher 0.20% p.a. digital bonus.
When you make your placement through the MY alrajhi app, you automatically earn an exclusive digital profit bonus on top of our prevailing board profit rates:
- Term Deposit-i: Additional 0.20% p.a. across 1, 3, 6, 9, 12, and 24-month tenures.
- Upfront Profit Term Deposit-i: Additional 0.15% p.a. across 1, 3, 6, 9, and 12-month tenures.
This app-exclusive perk applies with no promotional conditions attached, making it among the most competitively priced Islamic term deposit options in Malaysia.
The minimum placement amount is RM1,000 for tenures below 3 months and RM500 for tenures of 3 months and above. Meanwhile, the maximum limit is RM500,000 per placement with a maximum tenure of 12 months.
Yes. Early withdrawal is permitted subject to the Bank's terms and conditions:
- Term Deposit-i: Under the ibra' (rebate) principle in Islamic banking, if you withdraw before your maturity date, you will be required to provide a full rebate on the agreed profit—meaning no profit will be paid for the placement period. Your principal amount will be returned to you in full.
- Upfront Profit Term Deposit-i: Since profit is credited in advance, the Bank will deduct the profit paid from the principal amount of the placement upon early withdrawal
Fees & charges
* The customer will pay to alrajhi bank Malaysia Nominee (Tempatan) Sdn. Bhd as its agent as stated in the Terms & Conditions.
Start your term deposit journey with alrajhi bank Malaysia.
Scan this QR code
Use your phone’s camera to scan the code and download the app
OR
Download the app
Find the MY alrajhi app in the App Store and Google Play.
Need assistance? Submit your details and we will get in touch.
Need assistance? Submit your details and we will get in touch.
