• AmIslamic Fixed Deposit Rates

    AmIslamic  Fixed Deposit

    AmIslamic Bank Fixed Deposit

    AmIslamic Bank is the Islamic banking subsidiary of AmBank, which is among the largest banks in Malaysia that deal with a wide range of banking products and services such as investment banking, asset management and much more.

    AmIslamic Bank offers its customers a number of Sharia-compliant banking services and solutions, among which the AmIslamic Fixed Deposit is one of the most popular and preferred fixed deposit schemes in Malaysia.

    Features and Benefits of AmIslamic Bank Fixed Deposits

    AmIslamic Bank Fixed Deposits come with a range of different features and advantages that make them attractive propositions for customers from all walks of life.

    • Shariah Compliant - All AmIslamic Bank Fixed Deposit schemes are 100% Shariah compliant and are based on the Shariah principles of Commodity Murabahah
    • Fixed Profit Rate - Customers availing of AmIslamic Fixed Deposits can avail of fixed rate of profits based on the tenure chosen, which will help them maximise their wealth over time
    • Flexible Tenure - AmIslamic Fixed Deposits offer customer flexibility when it comes to choosing the duration of the deposit
    • Protection - All AmIslamic Fixed Deposits are protected under PIDM, which makes sure that the customer’s money is safe and secure in the event of any financial or economic collapse.
    • Transparency - Customers availing of AmIslamic Fixed Deposits are shown the exact amount of returns they will receive on their deposits.

    Types of AmIslamic Fixed Deposits

    AmIslamic Bank offers customers a number of fixed deposits, which come with their own features and benefits.

    • Term Deposit-i
    • Afdhal Term Deposit-i
    • Am50Plus Term Deposit-i
    • AmQuantum Term Deposit-i
    1. Term Deposit-i

      The Term Deposit-i offers customers an attractive rate of fixed profit, which is ideal for individuals who are looking to see their wealth grow with a good degree of safety and security. Customers can also choose the deposit tenure that best matches their financial status and budgets.

    2. Features and Benefits of Term Deposit-i

      This particular fixed deposit scheme offers customers a number of advantages such as:

      • Customers can make deposits according to the following:
        • RM 1,000 for a tenure of 1 month
        • RM 500 for a tenure of 2 months or more
      • Minimum deposit tenure of 1 month and a maximum tenure of 60 months
      • Partial withdrawals are allowed as long as the customer maintains a RM 1,000 balance
      • Customers can avail of the automatic renewal facility in the case of value-added deposits
      • Customers are given access to all AmIslamic and AmBank branches’ Electronic Banking Centres throughout Malaysia
      • Customers can also avail of the AmOnline services as well as the bank’s 24/7 Contact Centre

      Eligibility Criteria For Term Deposit-i

      Customers who wish to avail of this fixed deposit are required to fulfil the following eligibility criteria:

      • The applicant must be at least 18 years of age or more. This applies to both single as well as joint account holders.
      • The following entities are eligible to apply for this term deposit:
        • Societies
        • Registered Associations
        • Clubs
        • Corporate Organisations
        • Government Sectors
        • Any business enterprise such as a sole proprietorship or a partnership
    3. Afdhal Term Deposit-i

      The Afdhal Term Deposit-i is a fixed deposit scheme that is tailor made to help customers grow their money over a period of time. It provides customers with complete control and flexibility when it comes to managing their money, as well as the freedom to choose when the deposit should reach maturity.

    4. Features and Benefits of Afdhal Term Deposit-i

      This fixed deposit scheme showcases the following features and benefits:

      • Customers have flexibility with regards to the deposit tenure and can choose tenures ranging from 1 month to 12 months
      • The minimum deposit amount required is RM 5,000
      • Partial withdrawals can be made at any time as long as the customer maintains a balance of RM 5,000
      • Customers can avail of the automatic renewal facility once the deposit matures
      • Customers are given access to all AmIslamic and AmBank branches’ Electronic Banking Centres throughout Malaysia
      • Customers can also avail of the AmOnline services as well as the bank’s 24/7 Contact Centre

      Eligibility Criteria For Afdhal Term Deposit-i

      Customers who wish to avail of this fixed deposit are required to fulfil the following eligibility criteria:

      • The applicant must be at least 18 years of age or more. This applies to both single as well as joint account holders.
      • The following entities are eligible to apply for this term deposit:
        • Societies
        • Registered Associations
        • Clubs
        • Corporate Organisations
        • Government Sectors
        • Any business enterprise such as a sole proprietorship or a partnership
    5. Am50Plus Term Deposit-i

      The Am50Plus Term Deposit-i is a fixed deposit scheme that is specifically made to cater to the needs and requirements of senior citizens. This deposit scheme offers senior citizens attractive features and profits, which can tide them over in their old age.

    6. Features and Benefits of Am50Plus Term Deposit-i

      The main features and benefits of the Am50Plus Term Deposit-i are:

      • Senior citizens will received profits every month up to the date of maturity
      • The minimum tenure of the deposit is 6 months while the maximum tenure can go up to 60 months
      • Customers have the flexibility to chose the deposit tenure based on their financial status and goals
      • Customers can avail of the automatic renewal facility once the deposit matures
      • Customers are given access to all AmIslamic and AmBank branches’ Electronic Banking Centres throughout Malaysia
      • Customers can also avail of the AmOnline services as well as the bank’s 24/7 Contact Centre

      Eligibility Criteria For Am50Plus Term Deposit-i

      Senior citizens who wish to avail of this fixed deposit are required to fulfil the following eligibility criteria:

      • The applicant must be at least 50 years of age or older in the case of a single account holder
      • In the case of a joint account holder, the applicant must be at least 50 years of age or older along with a co-applicant who is at least 18 years of age or older
    7. AmQuantum Term Deposit-i

      The AmQuantum Term Deposit-i is a fixed deposit scheme that is suitable for customers looking to place their money for a substantial period of time. This deposit scheme earns customers high profits on a quarterly basis in tandem with attractive interest rates.

    8. Features and Benefits of AmQuantum Term Deposit-i

      The main features and benefits of the AmQuantum Term Deposit-i are:

      • Customers will receive profits every quarter until the date of maturity
      • The tenure of this fixed deposit ranges from a minimum of 15 months to a maximum of 60 months
      • The minimum deposit amount required is RM 5,000
      • The bank will directly credit any profits into the customer’s Savings Account-i or Current Account-i
      • Customers can avail of the automatic renewal facility once the deposit matures
      • Customers are given access to all AmIslamic and AmBank branches’ Electronic Banking Centres throughout Malaysia
      • Customers can also avail of the AmOnline services as well as the bank’s 24/7 Contact Centre

      Eligibility Criteria For AmQuantum Term Deposit-i

      Customers who wish to apply for this fixed deposit are required to fulfil the following eligibility criteria:

      • The applicant should be at least 18 years of age or older
      • The age criteria mentioned above applies for all of the following:
        • Single account holders
        • Joint account holders
        • Trust account holders

    FAQs For AmIslamic Bank Fixed Deposits

    1. Where will the profits the customer receives be credited?

      The bank will directly credit any profits into the customer’s Savings Account-i or Current Account-i

    2. Is the money placed in AmIslamic Fixed Deposits secure?

      Yes. All AmIslamic Fixed Deposits are protected by PIDM, which ensures that any money placed in these deposits are safe in case the bank faces a financial collapse.

    3. Does AmIslamic Bank allow partial withdrawal of Fixed Deposits?

      Yes, the bank allows you to withdraw your deposits partially.

    ***Please note that all fees and charges, and terms mentioned above are subject to change at any time. Please read the terms and conditions set by AmIslamic Bank before investing in its Fixed Deposits.

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