Dear Valued Customers,
With effect from 1 July 2015, all Islamic Financial Institutions are required to convert all of its existing deposit accounts either into Islamic Deposits or Investment accounts in line with the requirements of Islamic Financial Services Act 2013.
Pursuant to this transition exercise, we are pleased to announce the launch of our new principal guaranteed term deposit product under the Shariah contract of Qard (Benevolent Loan) and Murabahah (Cost plus Profit), namely ‘Link Current Account-i’ and ‘Link Savings Account-i’ which provides upfront disclosure of profit rates.
Link CASA-i is a profit-paying principle guaranteed product and is based on multiple sales and purchase transactions that involve Shariah-compliant commodities.
This new Link CASA-i replaces the outgoing Mudharabah CASA-i and provides same benefits previously enjoyed by Mudharabah CASA-i customers with addition of certainty in returns that derived from sales transaction.
Please visit our website at www.alrajhibank.com.my or the nearest Al Rajhi Bank branches to obtain the Terms & Conditions and other required forms for the new Link Current Account-i and Link Savings Account-i products.
It is also important that you notify the bank to update your latest contact details.
Should you have any enquiries, please do not hesitate to call our Customer Care Consultants at 1300 82 6000.
Thank you for banking with us and we look forward to your continuing support.