Shariah-compliant savings, entirely digital
The alrajhi bank Malaysia DuitPlus Savings Account-𝘪 is your fully digital savings account - opened entirely through the MY alrajhi app with no branch visit required. Set goal-based Savings Pots, earn monthly profit payouts, and access everyday payments tools including DuitNow QR and JomPAY, all from your phone. This account is available to Malaysian citizens aged 18 and above. Simply activate your account with a minimum RM20 deposit to begin your digital banking journey.
What are the profit rates for the alrajhi bank Malaysia DuitPlus Savings Account-i ?
The DuitPlus Savings Account-𝘪 generates profit based on your account balance tier, under the commodity murabahah (tawarruq) arrangement. Profit is calculated daily based on your end-of-day balance and credited to your account at month-end.
Profit rate tiers
| Balance Band (RM) | Profit rate (p.a) |
|---|---|
| Up to RM4,999.99 | 0.67% |
| RM5,000.00 to RM49,999.99 | 2.08% |
| RM50,000.00 to RM999,999.99 | 3.00% |
| RM1,000,000.00 and above | 3.50% |
The profit rates shown are prevailing rates and are subject to change at the Bank’s discretion. All profit rates are exclusive of the 0.01% agency fee (including SST).
For our complete list of profit rates refer here.
DuitPlus Savings Account-i features & benefits
Instant digital account opening
Skip the queues and paperwork. Open your account in minutes directly on the MY alrajhi app, using only your physical MyKad.
Competitive profit rates
Maximize your earnings with tiered profit rates designed to reward customers who maintain higher account balances.
Comes with an alrajhi bank Malaysia Visa Debit Card-𝙞
Bridge your digital savings with a physical debit card. Request for your alrajhi bank Malaysia Visa Debit Card-𝘪 directly through the app for ATM withdrawals and retail payments at local and international merchants.
Seamless payment integration
Manage your daily transactions in one place. Enjoy instant transfers, pay bills via JomPAY, and scan-and-pay with DuitNow QR—all within the app.
DuitPlus Savings Pots - Save towards what matters
The DuitPlus Savings Account-i comes equipped with a Savings Pot feature, a digital goal-setting tool that helps you organize your money into different savings buckets. Within the MY alrajhi app, you can create separate pots for specific milestones such as home repairs, an emergency fund, or a further education fund — making it easier to track your progress toward your unique goals.
- Earn while you save: Earn a higher-than-average profit rate p.a., helping you reach your goals faster.
- Monitor your progress: Easily track the status of multiple financial goals directly within the MY alrajhi app.
- Flexible access: While Savings Pots are designed to help you stay committed to your goals, your funds remain available should you need it.
How to open your alrajhi bank Malaysia DuitPlus Savings Account-i in minutes
Begin by downloading the MY alrajhi app from the Apple App Store or Google Play Store.
Create your username and password, then complete the secure identity verification process, using either your MyKad or MyTentera. You will also be asked to take a quick selfie to confirm your identity.
Provide your personal and employment information to successfully complete your account setup.
Transfer a minimum of RM20 from your local bank account or online banking wallet. Once your DuitPlus Savings Account-i is activated, do note that a 12-hour cooling-off period applies for security purposes; you will have full access to your account once this period ends.
Frequently-asked questions (FAQ) about Islamic saving accounts
While both offer everyday banking convenience, the key difference is how returns are generated. Conventional accounts provide returns through interest (riba), whereas an Islamic savings account generates profit through Shariah-compliant structures that are strictly interest-free.
Learn more in our guide: Understanding Islamic Banking — A Guide for All Malaysians.
It is a digital-only Islamic savings account that you can open and manage entirely through the MY alrajhi mobile app. It’s designed for convenience, allowing you to save, spend, and earn profit on your balance without ever needing to visit a branch.
The DuitPlus Savings Account-i operates under the commodity murabahah (tawarruq) structure. Instead of interest, you earn a profit through Shariah-compliant commodity transactions managed by the bank. Here is how profit is handled:
- Daily calculation: Profit is calculated every day based on your end-of-day balance and the applicable tier rate.
- Monthly crediting: The total profit earned is credited directly into your account at the end of each month.
- Tiered rates: The more you save, the higher the profit rate you can unlock.
This Savings Pot offers one of the highest profit rates available in Malaysia. Every ringgit in your Savings Pot earns a higher-than-average profit rate, without the need for additional requirements, enabling you to reach your goals faster.
You would need to fulfill the following criteria:
- You need to be a Malaysian who is 18 years old and above, with a valid MyKad or MyTentera.
- A minimum initial deposit of RM20 is required to activate the account.
- Customers must maintain a minimum balance of RM10 to keep their DuitPlus Savings Account-i.
Yes, it does. You can request for an alrajhi bank Malaysia Visa Debit Card-𝘪 through the MY alrajhi app, an annual fee of RM10 will be charged. For retail purchases, your debit card can be used wherever Visa is accepted, in-store and online.
Yes. As a member bank of Perbadanan Insurans Deposit Malaysia (PIDM), all deposits placed with alrajhi bank Malaysia are automatically protected by PIDM for up to RM250,000 for each depositor at no extra cost.
Appendices
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