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Islamic banking deposit rates masthead

World class Islamic banking solutions for your financial needs with Standard Chartered Saadiq Malaysia

Latest Commodity Details (for Term Deposit-i, Personal Financing-i and BizFinancing-i)
Type of Commodity Plastic Resin
Maximum Price per Tonne RM 33,000 per tonne
Last Price Change 1 December 2014
Trading Platform Bursa Malaysia Suq Al-Sila’

The above Commodity is used as the underlying Commodity for certain deposit-based/financing-based/investment-based products and its maximum pricing will remain until further notice. We will communicate to customers on the actual commodity details and price per tonne (not exceeding the maximum price) on the date the commodity is traded. Please be informed that any further changes above the maximum commodity price will be communicated to customers whose application is in process.

For any renewal of Term Deposit-i using the above commodity (or any other approved commodity), the final renewal profit rate will be informed to customers based on prevailing board rates on the renewal date as listed below under item 4 “Term Deposit-i” or as published at branches.

Latest Commodity Details (for Current Account and Savings Account based on Shariah concept of Tawarruq)
Type of Commodity Platinum
Maximum Price $1,069.00 per troy oz
Effective Date 15 February 2020- 14 March 2020
Maximum Price $967.00 per troy oz
Effective Date 15 March 2020- 14 April 2020
Trading Platform DD & Co Limited

The above Commodity is used as the underlying Commodity for Current Account and Savings Account based on Shariah concept of Tawarruq products and its maximum pricing will remain until further notice. The agreed profit rate will be informed to customers based on prevailing board rates as listed below under item 3 “Current Account and Savings Account based on Shariah concept of Tawarruq” or as published at branches.

Rates

Savings Account

Basic Savings Account-i

Hibah paid for previous month. Hibah paid is solely based on Bank’s discretion and the disclosure on the Hibah percentage paid as seen below is based on historical information and shall not be constructed in any way as an indicative or prospective.

2019
2020
Balance Tier Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM100,000 0.20 0.20 0.20 0.20 0.20 0.20
RM100,001 to RM250,000 0.50 0.50 0.50 0.50 0.50 0.50
RM250,001 & above 0.75 0.75 0.75 0.75 0.75 0.75

*Protected by PIDM up to RM 250,000 for each depositor

Current Accounts

Saadiq Current Account-i (Individual)*

Hibah paid for previous month. Hibah paid is solely based on Bank’s discretion and the disclosure on the Hibah percentage paid as seen below is based on historical information and shall not be constructed in any way as an indicative or prospective.

2019
2020
Balance Tier Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM5,000 0.00 0.00 0.00 0.00 0.00 0.00
RM5,001 to RM15,000 0.25 0.25 0.25 0.25 0.25 0.25
RM15,001 & above 0.50 0.50 0.50 0.50 0.50 0.50

*Protected by PIDM up to RM 250,000 for each depositor

Current Account and Savings Account under Shariah concept of Tawarruq

Saadiq JustOne Personal Savings Account-i

Profit paid of the month

2019
2020
Balance Tier Profit Paid (%)
NOV DEC JAN FEB MAR APR
Below RM1,500 0.25 0.25 0.25 0.25 0.25 0.25
RM1,500 and above 1.25 1.25 1.25 1.25 1.25 1.25

*Protected by PIDM up to RM 250,000 for each depositor

Saadiq JustOne Personal Current Account-i

Profit paid of the month

 2019
2020
Profit Paid (%)
Whole Balance NOV DEC JAN FEB MAR APR
0.05 0.05 0.05 0.05 0.05 0.05

*Protected by PIDM up to RM 250,000 for each depositor

Saadiq JustOne Priority Savings Account-i

Profit paid of the month

2019
2020
Balance Tier Profit Paid (%)
NOV DEC JAN FEB MAR APR
Below RM10,000 1.00 1.00 1.00 1.00 1.00 1.00
RM10,000 and above 2.00 2.00 2.00 2.00 2.00 2.00

*Protected by PIDM up to RM 250,000 for each depositor

Saadiq JustOne Priority Current Account-i

Profit paid of the month

2019
2020
Profit Paid (%)
Whole Balance NOV DEC JAN FEB MAR APR
0.05 0.05 0.05 0.05 0.05 0.05

*Protected by PIDM up to RM 250,000 for each depositor

JustOne Priority Plus Savings Account-i

Profit paid of the month

2019
2020
Balance Tier Profit Paid (%)
NOV DEC JAN FEB MAR APR
RM0 up to RM50,000 0.20 0.20 0.20 0.20 0.20 0.50
RM50,001 up to RM200,000 1.70 1.70 1.70 1.70 1.70 1.00
RM200,001 up to RM3,000,000 2.50 2.50 2.50 2.50 2.50 2.30
RM3,000,001 & above 2.90 2.90 2.90 2.90 2.90 2.65

*Protected by PIDM up to RM 250,000 for each depositor

JustOne Priority Plus Current Account-i

Profit paid of the month

2019
2020
Profit Paid (%)
Whole Balance NOV DEC JAN FEB MAR APR
0.05 0.05 0.05 0.05 0.05 0.05

*Protected by PIDM up to RM 250,000 for each depositor

Business JustOne Deposit Account-i

Profit paid of the month

2019
2020
Balance Tier Profit Paid (%)
NOV DEC JAN FEB MAR APR
RM1 – RM50,000 0.25 0.25 0.25 0.25 0.25 0.25
RM50,001 – RM300,000 0.55 0.55 0.55 0.55 0.55 0.55
RM300,001 – RM800,000 1.05 1.05 1.05 1.05 1.05 1.05
RM800,001 – RM2,000,000 1.83 1.83 1.83 1.83 1.83 1.83
Above RM2,000,000 2.03 2.03 2.03 2.03 2.03 2.03

*Protected by PIDM up to RM 250,000 for each depositor

SuperSalary-i (EB)

Profit paid of the month

2019
2020
Balance Tier Profit Paid (%)
NOV DEC JAN FEB MAR APR
RM0 up to RM 15,000 0.50 0.50 0.50 0.50 0.50 0.50
RM15,001 & above 0.90 0.90 0.90 0.90 0.90 0.90

*Protected by PIDM up to RM 250,000 for each depositor

Super Salary-i (Payroll)

Profit paid of the month

2019
2020
Profit Paid (%)
Whole Balance NOV DEC JAN FEB MAR APR
0.50 0.50 0.50 0.50 0.50 0.50

Mudharabah Investment Accounts#

Saadiq JustOne Personal Investment Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
5:95 0.25 0.25 0.25 0.25 0.25 0.25
Saadiq JustOne Personal Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
1:99 0.05 0.05 0.05 0.05 0.05 0.05
Saadiq JustOne Preferred Investment Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
10:90 0.50 0.50 0.50 0.50 0.50 0.50
Saadiq JustOne Preferred Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
1:99 0.05 0.05 0.05 0.05 0.05 0.05
Saadiq JustOne Priority Investment Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
20:80 1.00 1.00 1.00 1.00 1.00 1.00
Saadiq JustOne Priority Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
1:99 0.05 0.05 0.05 0.05 0.05 0.05
JustOne Priority Plus Investment Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Balance Tier PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to
RM50,000
4:96 0.20 0.20 0.20 0.20 0.20 0.20
RM50,001 up to
RM200,000
34:66 1.70 1.70 1.70 1.70 1.70 1.70
RM200,001 up to
RM1,000,000
50:50 2.50 2.50 2.50 2.50 2.50 2.50
RM1,000,001 &
above
58:42 2.90 2.90 2.90 2.90 2.90 2.90
JustOne Priority Plus Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
1:99 0.05 0.05 0.05 0.05 0.05 0.05
Saadiq Investment Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Balance Tier PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM100,000 4:96 0.20 0.20 0.20 0.20 0.20 0.20
RM100,001 to RM250,000 10:90 0.50 0.50 0.50 0.50 0.50 0.50
RM250,001 & above 15:85 0.75 0.75 0.75 0.75 0.75 0.75
Investment Account-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Balance Tier PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM50,000 4:96 0.20 0.20 0.20 0.20 0.20 0.20
RM50,001 to RM100,000 8:92 0.40 0.40 0.40 0.40 0.40 0.40
RM100,001 & above 20:80 1.00 1.00 1.00 1.00 1.00 1.00
Staff Investment Account-i

Profit paid based on Profit Sharing Ratio

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
50:50 2.50 2.50 2.50 2.50 2.50 2.50
Saadiq$aver-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Balance Tier PSR PSR (effective from 1st Apr 2020) Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM50,000 4:96 2:98 0.20 0.20 0.20 0.20 0.20 0.20
RM50,001 to RM100,000 34:66 10:90 1.70 1.70 1.70 1.70 1.70 1.70
RM100,000 to RM200,000 34:66 14:86 1.70 1.70 1.70 1.70 1.70 1.70
RM200,001 to
RM1,000,000
48:52 18:82 2.40 2.40 2.40 2.40 2.40 2.40
RM1,000,001 & above 54:46 24:76 2.70 2.70 2.70 2.70 2.70 2.70
Saadiq Business$aver-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Balance Tier PSR PSR (effective from 1st Jan 2020) Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM200,000 5:95 5:95 0.25 0.25 0.25 0.25 0.25 0.25
RM200,001 to
RM1,000,000
21:79 17.6:82.4 1.05 1.05 1.05 1.05 1.05 1.05
RM1,000,001 & above 25:75 21.6:78.4 1.25 1.25 1.25 1.25 1.25 1.25
Business JustOne Account-i

Profit paid based on Profit Sharing Ratio

2019
2020
Whole Balance PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
1:99 0.05 0.05 0.05 0.05 0.05 0.05
Saadiq Young Saver-i

Profit paid based on Profit Sharing Ratio.

2019
2020
Balance Tier PSR Profit Paid (%)
SEP OCT NOV DEC JAN FEB
RM0 up to RM100,000 4:94 0.20 0.20 0.20 0.20 0.20 0.20
RM100,001 up to RM200,000 10:90 0.50 0.50 0.50 0.50 0.50 0.50
RM200,001 and above 15:85 0.75 0.75 0.75 0.75 0.75 0.75

Term Deposit-i

Term Deposit-i (for deposits up to RM1 million only)

Offer to buy commodity from Customers on deferred terms from 11th April 2014.

2020
Tenure Profit Rate (%)
JAN JAN (effective from 30th) FEB MAR MAR (effective from 10th) APR
1 Month 2.70 2.45 2.45 2.45 2.20 2.20
2 Months 2.70 2.45 2.45 2.45 2.20 2.20
3 Months 2.85 2.60 2.60 2.60 2.30 2.30
4 Months 2.85 2.60 2.60 2.60 2.30 2.30
5 Months 2.85 2.60 2.60 2.60 2.30 2.30
6 Months 2.90 2.65 2.65 2.65 2.35 2.35
7 Months 2.90 2.65 2.65 2.65 2.35 2.35
8 Months 2.90 2.65 2.65 2.65 2.35 2.35
9 Months 2.95 2.70 2.70 2.70 2.40 2.40
10 Months 2.95 2.70 2.70 2.70 2.40 2.40
11 Months 2.95 2.70 2.70 2.70 2.40 2.40
12 Months 3.05 2.80 2.80 2.80 2.50 2.50
Above 12 Months 3.05 2.80 2.80 2.80 2.50 2.50

*Protected by PIDM up to RM 250,000 for each depositor

Term Deposit-i (Commercial / Business Client)

Offer to buy commodity from Customers on deferred terms from 11th April 2014

2020
Tenure Profit Rate (%)
JAN JAN (effective from 30th) FEB MAR MAR (effective from 10th) APR
1 Month 2.70 2.45 2.45 2.45 2.20 2.20
2 Months 2.70 2.45 2.45 2.45 2.20 2.20
3 Months 2.85 2.60 2.60 2.60 2.30 2.30
4 Months 2.85 2.60 2.60 2.60 2.30 2.30
5 Months 2.85 2.60 2.60 2.60 2.30 2.30
6 Months 2.90 2.65 2.65 2.65 2.35 2.35
7 Months 2.90 2.65 2.65 2.65 2.35 2.35
8 Months 2.90 2.65 2.65 2.65 2.35 2.35
9 Months 2.95 2.70 2.70 2.70 2.40 2.40
10 Months 2.95 2.70 2.70 2.70 2.40 2.40
11 Months 2.95 2.70 2.70 2.70 2.40 2.40
12 Months 3.05 2.80 2.80 2.80 2.50 2.50
Above 12 Months 3.05 2.80 2.80 2.80 2.50 2.50

*Protected by PIDM up to RM 250,000 for each depositor

General Investment Accounts#

General Investment Account-i (for deposits up to RM1 million only)
2019
2020
PSR & Profit Paid (%)
Tenure SEP OCT NOV DEC JAN FEB
1 Month 54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

2 Month 54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

3 Month 58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

4 Months 58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

5 Months 58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

6 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

7 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

8 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

9 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

10 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

11 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

12 Months 61:39

3.05

61:39

3.05

61:39

3.05

61:39

3.05

61:39

3.05

61:39

3.05

General Investment Account-i (for SME customers)
2019
2020
PSR & Profit Paid (%)
Tenure SEP OCT NOV DEC JAN FEB
1 Month 54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

2 Month 54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

54:46

2.70

3 Month 58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

4 Months 58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

5 Months 58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

58:42

2.90

6 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

7 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

8 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

9 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

10 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

11 Months 59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

59:41

2.95

12 Months 61:39

3.05

61:39

3.05

61:39

3.05

61:39

3.05

61:39

3.05

61:39

3.05

Others

Yield from Islamic Banking Assets
2019
2020
Profit Paid (%)
SEP OCT NOV DEC JAN FEB
5.00 5.00 5.00 5.00 5.00 5.00
Yield from Islamic Investment Accounts
2019
2020
Profit Paid (%)
SEP OCT NOV DEC JAN FEB
5.00 5.00 5.00 5.00 5.00 5.00
  1. #Product not available for account opening.
  2. Current monthly rates are computed at the middle of the month and will be available on the 16th or the next business day of the month.
  3. For Mudharabah Investment Account, previous rates are not guarantee or reflection of future rates.

Islamic Home/Commercial Financing Reference Rate  

Base Rate = 3.02%

What is the base rate (BR)?

The BR we offer on this product is made up of two parts, our benchmark cost of funds (COF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia. Our benchmark COF is the marginal cost of raising funds for the property financings for individual.

What are possible scenarios to trigger a change in the BR?

Our BR can rise or fall due to changes in the benchmark COF and changes in the SRR.

Changes in the benchmark COF could occur due to changes in the Overnight Policy Rate (OPR) as decided by the Monetary Policy Committee (MPC) of Bank Negara Malaysia. In addition, as the benchmark COF is the marginal cost of raising funds, it will change in line with fluctuation in the market funding condition.

SRR cost will change in line with changes in the SRR rate as decided by MPC of Bank Negara Malaysia.

Historical benchmark COF and BR in the last 3 years.

Effective date: 10 March 2020

Applicable for all new individual financing applications

BEFORE 10 March 2020
FROM 10 March 2020
Reference Rate BR = 3.27% BR = 3.02%
Rental Rate BR + 1.00% BR + 1.00%
Effective Rental Rate 4.27% 4.02%
Monthly instalment (RM) 1,725.89 1,674.99

Note: Effective Rental Rate may vary if BR or BFR changes.

For illustration purpose:

Financing Amount: RM350,000 (No Lock-In Period)

Financing Tenure: 30 years

Base Financing Rate = 6.20% p.a.

Effective date: 10th March 2020

Note:

  1. BFR is not applicable for new individual home/commercial financing applications from 2nd January 2015 onwards.
  2. BFR is applicable ONLY for commercial financing for company (SME).

  

   

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