Term Deposit-i : Your savings, secured. Your returns, assured.
Looking for a secure way to manage your savings effectively? alrajhi bank Malaysia Term Deposit-𝘪 gives you a fixed, Shariah-compliant profit rate for a set tenure — stable, predictable, and unaffected by market fluctuations. Start your savings placement with as little as RM500 for tenures up to 3 months and above, and earn an exclusive 0.20% digital profit bonus when you place your deposit through the MY alrajhi app.
Why place an alrajhi bank Malaysia Term Deposit-i?
Designed for Malaysians seeking a reliable and structured savings solution, alrajhi bank Malaysia Term Deposit‑𝘪 pairs ethical principles with competitive profit rates — delivering predictable returns at every tenure.
Key features & benefits
Based on commodity murabahah
A transparent, Shariah-compliant structure where your profit rate is agreed upon upfront, at the point of placement.
Digital profit bonus
Earn an additional 0.20% p.a. on top of board rates when you place your deposits via the MY alrajhi app.
Multiple tenures available
Choose from 1 to 60 months to match your financial needs and timeline.
Your capital, always protected
Need your funds early? Even if you choose to withdraw your placement before maturity, your full principal amount is protected and returned to you.
PIDM protection
Term deposits are insured by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000 per depositor, adding an extra layer of security.
No hidden fees
The only fee involved is the Wakalah bil ujrah — a nominal 0.01% p.a. agency fee for managing underlying transactions, already factored into your profit rate.
alrajhi bank Malaysia Term Deposit-i 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.
| Tenure | Standard rate (p.a.) | MY alrajhi app rate (p.a.) |
|---|---|---|
| 1-month | 2.00% | 2.20% |
| 3-month | 2.10% | 2.30% |
| 6-month | 2.20% | 2.40% |
| 12-month | 2.30% | 2.50% |
| 24-month | 2.45% | 2.65% |
| 60-month | 2.70% | 2.90% |
Go digital, earn more
Place your Term Deposit-𝘪 via the MY alrajhi app and earn an additional 0.20% p.a. 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 Deposit-𝘪 section on your dashboard. Select your preferred tenure and the amount you wish to invest (starting from RM500).
Complete the secure verification to authorize your placement. Once successful, you can monitor your Term Deposit-𝘪 performance in real-time 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.
When you make your placement through the MY alrajhi app, you automatically earn an additional 0.20% on top of our prevailing board profit rates (the bank's standard published profit rates)—with no promotional conditions attached. This app-exclusive perk applies across 1, 3, 6, 9, 12, and 24-month tenures, 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. 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.
Currently, the MY alrajhi app supports Term Deposit-𝘪 placements from individual savings or current accounts only. If you would like to make a placement using funds from a joint or in-trust account, please visit any alrajhi bank Malaysia branch or Smart Financial Center, where our team will be happy to assist you.
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-i 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.
