Savings Accounts-i |
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Asian Finance Bank boasts of a suite of specially designed banking products ranging from deposit accounts to financing products that have been reviewed and approved by our panel of Shariah Consultants and is available to any of our customers with internationally accepted Shariah principles. |
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Mudharabah Savings Account-i |
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You have the choice of saving money with us for trustee profit sharing (Mudharabah).Your funds are invested in Shariah based activities. The profits gained from these investments will be shared between you and the Bank at a pre-agreed profit sharing ratio.
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| Features & Benefits |
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Shariah compliant. |
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Returns or profits shared on the agreed profit sharing ratio/ tiered, profit will be paid to you
based on a predetermined profit sharing ratio (PSR), on the following savings balances. |
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Account Balances |
PSR (Customers:AFB) |
Up to RM5,000
> RM5,000 – RM10,000
> RM10,000 – RM20,000
> RM20,000 – RM50,000
Above RM50,000
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10:90
20:80
25:75
30:70
35:65
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Half-yearly profit payment. |
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24 hours - 7 days Electronic Banking services. |
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Ad-hoc statements every 6 months. |
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Free unlimited withdrawals. |
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Free unlimited Over-The Counter (OTC) withdrawal transactions. |
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No service charge will be imposed for incidents of insufficient funds when executing the
Standing Instruction. |
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Minimum balance of RM20-00 to be maintained at all time. |
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| ATM Card Facilities |
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Free issuance for 1st time. |
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Only for individuals aged 18 and above. |
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For individuals aged 15 - 17, indemnity form must be signed by the parents/legal guardian. |
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For joining of account, the signing condition must be "either one to sign". |
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No ATM card for individuals below 15 years of age. |
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| Eligibility |
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Individuals, must be at least 12 years old and above. |
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Associations, clubs & societies account. |
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| Required Documentation |
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A copy of MyKad / Identity Card (Malaysian resident). |
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A copy of Passport / Work Permit or Student ID / Visa with offer letter from college or university (Non-Resident). |
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