Selected Products only (Best option)
|
Bank |
Contract | Tier (RM’) | PSR | Rate |
| Maybank – Premier Mudharabah Account-i (Current Account) | Mudharabah and Wadiah combination | Up to 3,000 Up to 5,000 Up to 50,000 Up to 100,000 Up to 200,000 Up to 500,000 Above 500,000 | 3.4 : 96.6 17.4 : 82.6 17.4 : 82.6 22.7 : 77.3 27.8 : 72.2 30.5 : 69.5 38.3 : 61.7 | 0.20%1.00%1.00%1.30%1.60%1.75%2.20% |
| Kuwait Finance House – Savings Account-i | Mudharabah and Qardh | All balances | 70 : 30 | 2.00% |
| Hong Leong Bank – Multi-Tier Savings Account-i | Mudharabah | First 1,000 Up to 5,000 Up to 10,000 Up to 50,000 Above 50,000 | 40 : 60 40 : 60 40 : 60 40 : 60 40 : 60 | 1.86%1.87%1.88%1.89%1.90% |
| CIMB -Savings Account-i | Mudharabah | All balances | 40 : 60 | 1.86% |
| Bank Islam – Mudharabah Savings Account-i | Mudharabah | All balances | 50 : 50 | 2.24% |
| Affin Bank – Wealth Savings | Mudharabah | Up to 1,000 1,000–5,000 5,000–20,000 20,000–50,000 50,000–100,000 100,000-1.0 mil >RM1.0 mil | 10 : 90 20 : 80 40 : 60 50 : 50 55 : 45 60 : 40 75 : 25 | 0.35%0.90%1.60%2.25%2.50%2.75%3.25% |
| EONCap Islamic Bank – Senior Savings | Mudharabah | Up to 1,000 Up to 5,000 Up to 10,000 Up to 50,000 Above 50,000 | 50 : 50 50 : 50 55 : 45 60 : 40 65 : 35 | 0.98%1.03%1.22%1.50%1.86% |
| HSBC Amanah -Amanah Smart Account | Mudharabah | Up to 10,000 Up to 50,000 Up to 200,000 Up to 500,000 Above 500,000 | 10 : 90 15 : 85 25 : 75 30 : 70 40 : 60 | 0.10%0.30%0.45%0.55%0.70% |
| Public Bank – Bestari Savings Account | Mudharabah | Up to 1,000 Up to 2,000 Up to 5,000 Up to 10,000 Up to 30,000 Up to 50,000 Up to 75,000 Above 75,000 | 2 : 98 4 : 96 6 : 94 8 : 92 10 : 90 12 : 88 14 : 86 16 : 84 | 0.15%0.30%0.46%0.61%0.76%0.92%1.07%1.22% |
| Al Rajhi Bank -Savings Account | Wadiah | All balances | N/A | 0.00% |
| OCBC Bank – Savings Account | Wadiah | Up to 5,000 Up to 15,000 Up to 50,000 Up to 100,000 Above 100,000 | N/A N/A N/A N/A N/A | 0.30%0.80%1.20%1.60%2.00% |
| Standard Chartered – Savings Account | Wadiah | Up to 10,000 Up to 100,000 Above 100,000 | N/A N/A N/A | 1.00%1.85%2.10% |
| Citibank – Savings Account | Wadiah | Up to 5,000 Above 5,000 | N/A N/A | 0.00%1.60% |
Assalamualaikum,
thank you for clarifying the details on the mudharabah scheme offers by different banking institutions. but i still have some questions, i had just open a new mudharabah account in bank islam but i am still confused with the profit rate. according to the the information stated above, the rate is 2.2%. is it for annually or monthly? does that mean if i have a saving of RM1000 ringgit in the bank, at the end of the month my savings will be RM1020. thank you
Usually, a declared rate refers to annual rates i.e. 2.2% will mean its 2.2% per annum or 0.183% per month. On a yearly basis, for a RM1,000 deposit, you may get RM1,022 at the end of the year, if it is a yearly payment. This rate is your 50% of the profit shared with the bank.
However, there will be some minor differences if the rate is for a 1 year placement but you only invest for less than 1 year. You may get lesser because there will be a weightage attached to each placement tenure. So, the shorter you keep your money, the lower the returns to you.
Hope that helps.
Who is the main competitor for:
1. National bank of Pakistan
2.and Meezan BANK
In Pakistani Banking sector.
All I am able to tell is that the UBL (United Bank Limited) Group and the Allied Bank Limited are big players there. But to be honest, I have not worked in Pakistan before and unable to really advise you.
I am currently only familiar with Malaysia and Qatar and some GCC countries.
Anyone else able to help out with this? Good luck.