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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 $1,256 per troy ounce
Effective Date 15 June 2021 – 14 July 2021
Maximum Price $1,199 per troy ounce
Effective Date 15 July 2021 – 14 August 2021
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.

 
2021
Balance Tier Profit Paid (%)
JAN FEB MAR APR MAY JUN
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.

 
2021
Balance Tier Profit Paid (%)
JAN FEB MAR APR MAY JUN
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

This product is not available for new account opening. For existing clients, this product is 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

 
2021
Balance Tier Profit Paid (%)
FEB MAR APR MAY JUN JUL AUG
Below RM1,500 0.10 0.10 0.10 0.10 0.10 0.10 0.10
RM1,500 and above 0.25 0.25 0.25 0.25 0.25 0.25 0.25

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

Saadiq JustOne Personal Current Account-i

Profit paid of the month

2021
Profit Paid (%)
Whole Balance FEB MAR APR MAY JUN JUL AUG
0.05 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

 
2021
 

Balance Tier

Profit Paid (%)
FEB MAR APR MAY JUN JUL AUG
Below RM10,000 0.10 0.10 0.10 0.10 0.10 0.10 0.10
RM10,000 and above 0.45 0.45 0.45 0.45 0.45 0.45 0.45

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

Saadiq JustOne Priority Current Account-i

Profit paid of the month

 
2021
Profit Paid (%)
 

Whole Balance

 

FEB MAR APR MAY JUN JUL AUG
0.05 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

2021
Balance Tier Profit Paid (%)
FEB MAR APR MAY JUN JUL AUG
Below RM100,000 0.10 0.10 0.10 0.10 0.10 0.10 0.10
RM100,000 to RM1,000,000 1.50 1.50 1.50 1.50 1.50 1.50 1.50
Above RM1,000,000 to RM5,000,000 1.75 1.75 1.75 1.75 1.75 1.75 1.75
Above RM5,000,000 2.00 2.00 2.00 2.00 2.00 2.00 2.00

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

JustOne Priority Plus Current Account-i

Profit paid of the month

 
2021
Profit Paid (%)
Whole Balance FEB MAR APR MAY JUN JUL AUG
0.05 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

2021
Balance Tier Profit Paid (%)
FEB MAR APR MAY JUN JUL AUG
RM1 – RM50,000 0.00 0.00 0.00 0.00 0.00 0.00 0.00
RM50,001 – RM300,000 0.28 0.28 0.28 0.28 0.28 0.28 0.28
RM300,001 – RM800,000 0.48 0.48 0.48 0.48 0.48 0.48 0.48
RM800,001 – RM2,000,000 0.68 0.68 0.68 0.68 0.68 0.68 0.68
Above RM2,000,000 1.00 1.00 1.00 1.00 1.00 1.00 1.00

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

SuperSalary-i (EB)

Profit paid of the month

 
2021
Whole Balance Profit Paid (%)
FEB MAR APR MAY JUN JUL AUG
0.05 0.05 0.05 0.05 0.05 0.05 0.05

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

Super Salary-i (Payroll)

Profit paid of the month

2021
Profit Paid (%)
Whole Balance FEB (effective 1st Feb) MAR APR MAY JUN JUL AUG
0.05 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 Preferred Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
 
2021
Whole Balance PSR Profit Paid (%)
JAN FEB MAR APR MAY JUN
2:98 0.10 0.10 0.10 0.10 0.10 0.10

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Saadiq JustOne Preferred Account-i

Profit paid based on Profit Sharing Ratio.

 

 
 
2021
Whole Balance PSR Profit Paid (%)
JAN FEB MAR APR MAY JUN
1:99 0.05 0.05 0.05 0.05 0.05 0.05

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Saadiq Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
 
2021
Balance Tier  

PSR

 

Profit Paid (%)
JAN FEB MAR APR MAY JUN
RM0 up to RM100,000 2:98 0.10 0.10 0.10 0.10 0.10 0.10
RM100,001 to RM250,000 2:98 0.10 0.10 0.10 0.10 0.10 0.10
RM250,001 & above 2:98 0.10 0.10 0.10 0.10 0.10 0.10

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
 
2021
Balance Tier  

PSR

 

Profit Paid (%)
JAN FEB MAR APR MAY JUN
RM0 up to RM50,000 2:98      0.10 0.10 0.10 0.10 0.10 0.10
RM50,001 to RM100,000 2:98 0.10 0.10 0.10 0.10 0.10 0.10
RM100,001 & above 2:98 0.10 0.10 0.10 0.10 0.10 0.10

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Staff Investment Account-i

Profit paid based on Profit Sharing Ratio

 
 
2021
Whole Balance

 

 

 

PSR

 

Profit Paid (%)
JAN FEB MAR APR MAY JUN
2:98 0.10 0.10 0.10 0.10 0.10 0.10

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Saadiq$aver-i

Profit paid based on Profit Sharing Ratio.

 
 
2021
Balance Tier  

 

PSR

 

Profit Paid (%)
JAN FEB MAR APR MAY JUN
RM0 up to RM50,000 1:99 0.05 0.05 0.05 0.05 0.05 0.05
RM50,001 to RM100,000 1:99 0.05 0.05 0.05 0.05 0.05 0.05
RM100,000 to RM200,000 1:99 0.05 0.05 0.05 0.05 0.05 0.05
RM200,001 to RM1,000,000 1:99 0.05 0.05 0.05 0.05 0.05 0.05
RM1,000,001 & above 1:99 0.05 0.05 0.05 0.05 0.05 0.05

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Saadiq Business$aver-i

Profit paid based on Profit Sharing Ratio.

2021
Balance Tier PSR JAN

Profit Paid (%)

FEB

Profit Paid (%)

MAR

Profit Paid (%)

APR

Profit Paid (%)

MAY

Profit Paid (%)

JUN

Profit Paid (%)

RM0 up to RM50,000 1:99 0.05 0.05 0.05 0.05 0.05 0.05
Above RM50,000 to RM300,000 5.6:94.4 0.28 0.28 0.28 0.28 0.28 0.28
Above RM300,000 to RM800,000 9.6:90.4 0.48 0.48 0.48 0.48 0.48 0.48
Above RM800,000 to RM2,000,000 13.6:86.4 0.68 0.68 0.68 0.68 0.68 0.68
Above RM2,000,000 20:80 1.00 1.00 1.00 1.00 1.00 1.00

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Business JustOne Account-i

Profit paid based on Profit Sharing Ratio

 
2021
Whole Balance

 

PSR Profit Paid (%)
JAN FEB MAR APR MAY JUN
1:99 0.05 0.05 0.05 0.05 0.05 0.05

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Saadiq Young Saver-i

Profit paid based on Profit Sharing Ratio.

 
2021
Balance Tier  

 

PSR

 

Profit Paid (%)
JAN FEB MAR APR MAY JUN
RM0 up to RM100,000 2:98 0.10 0.10 0.10 0.10 0.10 0.10
RM100,001 up to RM200,000 2:98 0.10 0.10 0.10 0.10 0.10 0.10
RM200,001 and above 2:98 0.10 0.10 0.10 0.10 0.10 0.10

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Term Deposit-i (Eligible for protection by PIDM)

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

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

 
2021
Tenure  

Profit Rate (%)

FEB MAR APR APR (effective 19 April)  

MAY

 

 

JUN

 

JUL AUG
1 Month 1.45 1.45 1.45 1.40 1.40 1.40 1.40 1.40
2 Months 1.45 1.45 1.45 1.40 1.40 1.40 1.40 1.40
3 Months 1.55 1.55 1.55 1.50 1.50 1.50 1.50 1.50
4 Months 1.55 1.55 1.55 1.50 1.50 1.50 1.50 1.50
5 Months 1.55 1.55 1.55 1.50 1.50 1.50 1.50 1.50
6 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
7 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
8 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
9 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
10 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
11 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
12 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
Above 12 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60

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

 
2021
Tenure Profit Rate (%)
 

FEB

 

MAR

 

APR

APR (effective 19 April)  

MAY

 

JUN

 

JUL

AUG
1 Month 1.45 1.45 1.45 1.40 1.40 1.40 1.40 1.40
2 Months 1.45 1.45 1.45 1.40 1.40 1.40 1.40 1.40
3 Months 1.55 1.55 1.55 1.50 1.50 1.50 1.50 1.50
4 Months 1.55 1.55 1.55 1.50 1.50 1.50 1.50 1.50
5 Months 1.55 1.55 1.55 1.50 1.50 1.50 1.50 1.50
6 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
7 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
8 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
9 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
10 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
11 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
12 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60
Above 12 Months 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1.60

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)
 
2020
2021
  PSR & Profit Paid (%)
Tenure DEC    JAN    FEB    MAR    APR MAY JUN
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

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

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

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

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

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

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

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

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

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

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

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

61:39

3.05

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

General Investment Account-i (for SME customers)
2020
2021
PSR & Profit Paid (%)
Tenure DEC JAN FEB MAR APR MAY JUN
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

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

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

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

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

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

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

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

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

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

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

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

61:39

3.05

This product is not available for new account opening. For existing clients, this product is not protected by PIDM.

Others

Yield from Islamic Banking Assets
2020
2021
Profit Paid (%)
DEC JAN FEB MAR APR MAY JUN
5.00 5.00 5.00 5.00 5.00 5.00 5.00
Yield from Islamic Investment Accounts
2020
2021
Profit Paid (%)
DEC JAN FEB MAR APR MAY JUN
5.00 5.00 5.00 5.00 5.00 5.00 5.00

Note:

  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 = 2.27%

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: 14 July 2020

Applicable for all new individual financing applications

BEFORE 14 JULY 2020
FROM 14 JULY 2020
Reference Rate BR = 2.52% BR = 2.27%
Rental Rate BR + 1.00% BR + 1.00%
Effective Rental Rate 3.52% 3.27%
Monthly instalment (RM) 1,575.57 1,527.07

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

Historical Benchmark COF
For illustration purpose:
Financing Amount: RM350,000 (No Lock-In Period)

Financing Tenure: 30 years

Base Financing Rate = 5.45% p.a.

Effective date: 14th July 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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