Launched in 2007, Al Rajhi Banking & Investment Corporation (Malaysia) Berhad offers a host of personal and business banking services that are Shariah-compliant. The bank provides Savings Account-i, Personal Account-i, BankaTakaful, Pin & Pay, Letter of Credit-i, Trade Commodity Financing-i, syndication financing, Safe Deposit Box-i, and other personal and business banking solutions.
With its headquarters located in Kuala Lumpur, the bank has branches spread across Ampang, Bangsar, Kajang, Kelana Jaya, Jalan Ampang, Klang, Kota Damansara, Petaling Jaya, Puchong, Shah Alam, Johor Bahru, Melaka, and other places in Malaysia.
Al Rajhi Banking & Investment Corporation (Malaysia) Berhad offers a wide range of Sharia-compliant products for customers, including:
Invest in Term Deposit-i to win a return flight ticket in Malaysia
Invest RM75,000 in Term Deposit-i and get a chance to win a return flight ticket to any destination in Malaysia. The offer is valid until 30 June 2018. Note that you are eligible for a single ticket only.
The bank’s address is as follows:
Ground Floor, East Block, Wisma Selangor Dredging, 142-B Jalan Ampang, 50450 Kuala Lumpur, Malaysia.
For all information pertaining to Al Rajhi Malaysia’s products and services, dial in:
Phone number (domestic): 1 300 82 6000 (Domestic)
Phone number (international): +603 2332 6000
Or Fax: +603 2332 6062
You can also drop a mail at [email protected]
Q. What is the minimum balance required to maintain a Savings Account?
A. You will require an initial deposit of RM20 and maintain a minimum balance of RM10.
Q. What is Zakat al-Mal?
A. Zakat al-Mal or Zakat on wealth is an obligation that every Muslim individual or organisation has to adhere to. The entity has to pay a certain amount based on the wealth he/she possesses. Zakat al-Mal is compulsory for any Muslim individual or organisation that has completed Nisab and Haul. The payment is 2.5% out of the total wealth deemed for Zakat. It is usually 2.5% of the amount that’s considered for Zakat.
Q. Can I pay Zakat Al-mal through Al Rajhi Malaysia?
A. Yes, Al Rajhi Malaysia in collaboration with Lembaga Zakat Selangor (LZS) accepts Zakat Al-mal payments in all the branches spread across the Klang Valley.
Q. What is Musafir Card-i?
A. Musafir Card-i facilitates cashless spending and is designed to help Muslims going for pilgrimage so that they don’t have to worry about carrying too much cash. It offers minimum ATM withdrawal fee of RM4,100 at Al Rajhi ATMs in Kingdom of Saudi Arabia.
Q. What’s the basic criteria required to apply for a Musafir Card-i?
A. You need to be above 18 years of age, a Muslim, and should have a Foreign Currency Account (Saudi Riyal).
Q. What types of wealth management product can I get at Al Rajhi Malaysia?
A. The bank offers the following Shariah-compliant wealth management products:
Q. Can I use my old Al Rajhi Debit Card-i for online shopping?
A. No. With effect from January 1 2018, all of the old debit cards have been deactivated. You need to visit your nearest branch and replace your old card with the new Pay & Pin card.
Q. What are the types of business banking facilities offered by the bank?
A. Below listed are the business banking services offered by the bank:
Q. How much funding can I get if I opt for Superbike Financing-i?
A. You can get up to 80% financing for your bike through this facility.
Q. Where’s the Al Rajhi Malaysia headquarters located?
A. Here’s the address: Ground Floor, East Block, Wisma Selangor Dredging, 142-B Jalan Ampang, 50450 Kuala Lumpur, Malaysia.
Read the fine prints carefully before applying for any product. All the services provided by Al Rajhi are Shariah-compliant and follows Islamic principles. Contact your nearest branch to apply for any of the bank’s products.