Islamic savings accounts designed for everyday banking.
Save, spend, and withdraw with ease—both the alrajhi bank Malaysia Basic Savings Account-𝘪 and Savings Account-𝘪 are Shariah-compliant savings accounts structured under the Qard contract, complete with a Visa Debit Card-𝘪 for your everyday banking transactions.
Features of the Basic Savings Account-i / Savings Account-i
Simple savings, greater value
- Basic Savings Account-𝘪: Zero annual debit card fees with unlimited local ATM withdrawals.
- Savings Account-𝘪: RM10 annual debit card fee with unlimited local ATM withdrawals.
Banking made easy
Free mobile/digital banking access with the MY alrajhi app. Always have your account information at your finger tips.
Easy account maintenance
Only RM10 minimum balance to maintain the accounts.
Comprehensive banking services
Full accessibility to ATM services and over-the-counter services at branches or Smart Financial Centers.
Convenient account statements
Monthly e-statements sent via email and available on the MY alrajhi app. Paper statements are available upon request and for a fee.
No service fees
No service or maintenance charges.
Explore our DuitPlus Savings Account-𝘪 here.
Eligibility and required documents
Find out who can apply and what you’ll need to get started.
Eligibility
- Malaysian citizens and permanent residents.
- Applicants must be 18 years and above.
- In-trust accounts accounts available for children below 18 years old.
- Joint accounts are available for spouses, parents, children, and siblings.
Required documents
- For Malaysian citizens: MyKad or Military ID or Police ID.
- For permanent residents: Passport, work permit or letters of appointment.
- For in-trust accounts: MyKid or Birth Certificate.
- If registered address differs from NRIC: Utility bill, bank statement, or driving license.
How to apply for the Basic Savings Account-i or Savings Account-i
Visit any alrajhi bank Malaysia branch or Smart Financial Center(SFC) with the required documents to open an account in person. You will receive your debit card on the same day.
Frequently-asked questions (FAQ)
Basic Savings Account-i & Savings Account-i
No, both accounts are structured under the Qard contract, where the primary purpose is the safekeeping of funds rather than profit generation. For profit-earning options, alrajhi bank Malaysia also offers the DuitPlus Savings Account-𝘪 and Commodity Murabahah Savings Account-𝘪—both designed to provide competitive profit rates.
The minimum balance required for both accounts is RM10.
Yes, you can. Once your account has been successfully opened at any alrajhi bank Malaysia branch or SFC, simply download the MY alrajhi app from the Apple App Store or Google Play Store to manage your balances and perform transfers on the go.
Yes. Islamic banking products in Malaysia are not exclusive to Muslims—they are structured under Shariah principles, which emphasize ethical, transparent, and interest-free banking that anyone can benefit from.
Have a question about alrajhi bank Malaysia's savings accounts?
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