Overview
Commodity Murabahah Deposit-i (CMD-i) is an Islamic fixed deposit product with a fixed profit rate of return via the buying and selling of commodities as an underlying asset transaction based on the Shariah concept of Murabahah Tawarruq.
Benefits
- Upfront cash payment at point of deposit placement is available
- The profit rate is made known first to help you make informed choices
Product Features
| Minimum Deposit /
Placement |
RM 5,000 |
| Tenure |
3,6,9,12,15,18,21,24,27,30,33,36,39,42,45,48,51,54,57 and 60 months |
| Service Fees |
Nil |
| Profit Payment Option |
Upfront, monthly, quarterly, half-yearly, annually and upon maturity. |
| Renewal |
No Auto Renewal |
| Pre-mature withdrawal |
Pre-mature withdrawal in part or full is not encouraged. Upon request, the
Bank will pay back the placement at discounted price/amount. |
Eligibility
- Individuals / Individuals joint accounts aged 18 years old above
- Sole proprietorships
- Societies and associations
- Companies/business enterprises
- Non Interbank Money Market Participants & Government Institutions
