It is a Shariah-based term or fixed deposit account which allows you to maintain foreign currency and protect against exchange rate fluctuations, while at the same time serves as an alternative in the form of investment. You can be rest assured that your placement will be invested into a Shariah-based investments both locally and internationally. The Shariah concepts of Mudharabah Mutlaqah (unrestricted partnership) and Qardh (interest free loan) are applied to this account where the Mudharabah Mutlaqah investment portion rewards you with good returns, while the Qardh portion provides you the capital guarantee for your comfort and security.
Shariah concept: Mudharabah Mutlaqah & Qardh
Initial deposit: Minimum placement USD 3,000 or its equivalent regardless of placement tenure
Tenure: 1, 3, 6, 9, or 12 months