Al Rajhi Banking & Investment Corporation (Malaysia) Bhd (alrajhi bank Malaysia) has launched the 5kali3 Cashback Campaign* designed to incentivize smart saving habits and empower Malaysians to achieve their financial goals.

Available from both alrajhi bank Malaysia as well as the Bank’s digital banking arm Rize, the innovative campaign offers an enticing combination of cashback rewards and a competitive profit rate (for Rizers), making it easier than ever to build a healthy financial future the Shariah-compliant way.

Save and Get Rewarded: This is How the Campaign Works

Flexibility of Choice: Open any of three Shariah-compliant accounts: alrajhi bank Malaysia’s Commodity Murabahah Current Account-i or a Commodity Murabahah Savings Account-i, or a Rize Commodity Murabahah Savings Account-i.

Cashback for Every Milestone: Ensure a minimum deposit RM300 at the end of the first month and earn RM5 cashback. Customers must have RM600 and RM900 at the end of months two and three to earn another RM5 each time. Besides the minimum month-end balances, customers must execute at least one of four criteria, which includes transacting with their account or debit card). Doing these will earn them a total of RM15 in cashback rewards.

Competitive Profit Rate: With a Rize account, customers get to build their savings even faster with a 3.8% p.a. profit rate** on their account balance. This rate is available until 30 September 2024.

Encouraging Smart Financial Choices

“At alrajhi bank Malaysia, we understand the importance of saving and we’re committed to empowering Malaysians to achieve their financial goals. The 5kali3 Cashback Campaign is a testament to that commitment,” said Syahrul Ishak, Chief Executive Officer of alrajhi bank Malaysia.

“By offering cashback incentives and competitive profit rates, we hope to encourage a culture of smart saving and help Malaysians navigate financial uncertainties. Plus, all alrajhi bank Malaysia’s products and services, including those of Rize, are Shariah-compliant.”

The 5kali3 Cashback Campaign runs from 1 July 2024 to 31 December 2024. Click the following links for more information and the terms and conditions of the campaign.
• alrajhi bank Malaysia 5kali3 Campaign information
• alrajhi bank Malaysia 5kali3 Campaign terms and conditions
• alrajhi bank Malaysia (Rize) 5kali3 Campaign information
• alrajhi bank Malaysia (Rize) 5kali3 Campaign terms and conditions

Apart from this campaign, new customers to Rize will be eligible for the second phase of the Electrify Your Dreams Campaign in which they stand the chance to win a BYD DOLPHIN EV plus monthly cash prizes of up to RM200*. In the first phase, Rize customer Bobson Ong drove away with the first of two EV, each worth RM125,480, in the campaign. The second phase runs until 30 November 2024.

Deposits in alrajhi bank Malaysia and Rize are protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000 for each depositor.

*alrajhi bank Malaysia 5kali3 Campaign terms and conditions apply
** RIZE DEPOSIT CAMPAIGN 2024 (2) (Extension) terms and conditions apply