Bank Islam Gold Account (BIGA-i)
(Not protected by PIDM)
Unlock the power of gold with Bank Islam Gold Account (BIGA-i) : a secure, Shariah-compliant way to invest in physical gold and safeguard your wealth.
Benefits & Features
Bank Islam Gold Account-i (BIGA-i) is a Shariah compliant gold product which offers customers the prospect to participate in the precious metal market. This is a product that potentially promotes wealth creation, wealth accumulation and wealth transfer amongst customers.
The return of the gold would be from an appreciation of the customer’s initial purchases and subject to volatility of the gold current market.
Benefits
- Available at all Bank Islam branches
- Fully Shariah-compliant, with 100% backing by physical gold.
- Affordable initial investment starting from just RM10
- Enjoy peace of mind without the need to store physical gold
- Access real-time, competitive pricing for buying and selling gold
- Option to redeem physical gold at your convenience
Gold Price Rates
LBMA 999.9 Gold
|
Bank Sell (MYR) |
Bank Buy (MYR) |
|---|---|
|
RM382.58 |
RM364.10 |
Effective update:
15 October 2024; 1:44PM
(Price displayed are indicative and subject to change. Please call our Contact Centre Care or visit our nearest branch for the latest gold price or further enquiry.)
Type of Transactions
Initial Purchase
|
Individual |
Non-individual(MYR) |
|---|---|
|
RM10 or its gram equivalent
|
RM50 or its gram equivalent |
Minimum Subsequent Purchase
|
Individual |
Non-individual(MYR) |
|---|---|
|
RM10 or its gram equivalent
|
RM10 or its gram equivalent |
Gold Purity
99.99%
Minimum Balance
No minimum balance
Physical Gold Conversion
You have the option to convert your gold balance into physical gold bars or dinars, ranging from 0.5 gram to 1,000 grams.
Contract
Wakalah is the shariah concept applicable for BIGA-I where Bank Islam acts as the customer agent
“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.
Bank Islam as the Customer’s agent shall carry out the following:
- To execute purchase and/or sale transaction of gold.
- To facilitate gold safekeeping which include to identifying, arranging, and paying security vault service provider (third party) to safekeep the Customer’s gold.
- To assign and re-assign the Physical Gold Bar serial number for the benefits of Customer.
- To assign third party to carry out delivery service to facilitate the conversion of gold by the Customer.
Eligibility & Requirements
Eligibility
- Individual
- Non-individual
Age Requirement
- Minimum 18 years old.
- Trust Account for minors
Terms & Conditions and Product Disclosure Sheet
Click here to download Terms & Conditions effective on 16 October 2024
Click here to download Product Disclosure Sheet (English Version) effective on 16 October 2024
Click here to download Product Disclosure Sheet (Malay Version) effective on 16 October 2024
For account opening, please visit the nearest Bank Islam branch and speak with our Customer Service Officer.
Opening Hours:
9:30am to 4:30pm, Monday to Friday
(excluding Public Holidays for Wilayah Persekutuan)
