Wafiyah Investment Account

(Not protected by PIDM)

Don’t miss the chance to make your money work hard for you. Wafiyah Investment Account offers high return up to *4% p.a. for 24 months and the flexibility of choosing your investment tenure.

*subject to change from time to time

Benefits & Features

Tenure

1 month to 24 months

Premature Withdrawal

Allowed

Auto Renewal

Allowed for the same placement amount and for the same tenure
Allowed for the placement amount plus profit and for the same tenure

Currency

Ringgit Malaysia (RM)

Underlying Assets

Invested in blended portfolio of Bank Islam’s assets i.e. Home Financing, Packaged Personal Financing and Securities that are Guaranteed by the Government of Malaysia

Mode of Operation

Certificate

Partial Withdrawal

Not Allowed

PIDM Insurable

Not protected by PIDM

Contract

Wakalah

“Wakalah” means a contract in which a party (muwakkil) authorises another party as their agent (wakil) to perform a particular task, in matters that may be delegated, either voluntarily or with imposition of fee.