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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 $1,134 per troy ounce
Effective Date 15 December 2022 to 14 January 2023
Maximum Price $1,246 per troy ounces
Effective Date 15 January 2023 to 14 February 2023
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 granted is solely based on Bank’s discretion and the disclosure on the Hibah percentage granted as seen below is based on historical information and shall not be constructed in any way as an indicative or prospective.

Balance Tier Hibah Granted (%)
RM0 up to RM100,000 0.20
RM100,001 to RM250,000 0.50
RM250,001 & above 0.75

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

Current Accounts

Saadiq Current Account-i (Individual)

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

Balance Tier Hibah Granted (%)
RM0 up to RM5,000 0.00
RM5,001 to RM15,000 0.25
RM15,001 & above 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 is calculated daily and paid monthly.

Effective date: 01st December 2020

Balance Tier Profit (%)
Below RM1,500 0.10
RM1,500 and above 0.25

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

JustOne Personal Current Account-i

Profit is calculated daily and paid monthly.

Effective date: 01st September 2020

Balance Tier Profit (%)
Whole Balance 0.05

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

Saadiq JustOne Priority Savings Account-i

Profit is calculated daily and paid monthly

Effective date: 01st December 2020

Balance Tier Profit (%)
Below RM10,000 0.10
RM10,000 and above 0.45

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

Saadiq JustOne Priority Current Account-i

Profit is calculated daily and paid monthly

Effective date: 01st September 2020

Balance Tier Profit (%)
Whole Balance 0.05

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

JustOne Priority Plus Savings Account-i

Profit is calculated daily and paid monthly

Effective date: 01st January 2021

Balance Tier Profit (%)
Below RM100,000 0.10
RM100,000 to RM1,000,000 1.50
Above RM1,000,000 to RM5,000,000 1.75
Above RM5,000,000 2.00

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

JustOne Priority Plus Current Account-i

Profit is calculated daily and paid monthly

Effective date: 1st September 2020

 

Balance Tier Profit (%)
Whole Balance 0.05

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

Business JustOne Deposit Account-i

Profit is calculated daily and paid monthly

Effective date: 01st September 2020

Balance Tier Profit (%)
RM1 to RM50,000 0.00
RM50,000 to RM300,000 0.28
RM300,001 to RM800,000 0.48
RM800,001 to RM2,000,000 0.68
Above RM2,000,000 1.00

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

SuperSalary-i (EB)

Profit is calculated daily and paid monthly
Effective date: 01st February 2021

Balance Tier Profit (%)
Whole Balance 0.05

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

Super Salary-i (Payroll)

Profit is calculated daily and paid monthly
Effective date: 01st February 2021

Balance Tier Profit (%)
Whole Balance 0.05

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

JumpStart Savings Account-i

Profit is calculated daily and paid monthly

Effective date: 1 October 2022

Balance Tier Profit (%)
Whole Balance 0.05

Mudharabah Investment Accounts

Saadiq JustOne Preferred Investment Account-i*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole Balance 2:98 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*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole Balance 1:99 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*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole balance 1:99 0.05

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

Investment Account-i*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole balance 1:99 0.05

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

Saadiq$aver-i*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole Balance 1:99 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*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
RM0 up to RM50,000 1:99 0.05
Above RM50,000 to RM300,000 5.6:94.4 0.28
Above RM300,000 to RM800,000 9.6:90.4 0.48
Above RM800,000 to RM2,000,000 13.6:86.4 0.68
Above RM2,000,000 20:80 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*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole Balance 1:99 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*

Rates published are indicative and is based on past performance

Balance Tier Profit Sharing Ratio (PSR)

(Account holder : Bank)

Indicative Rates (%)
Whole Balance 1:99 0.05

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

Term Deposit-i**

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

Offer to buy commodity from Customers on deferred terms. Profit is calculated on a contractual basis and paid upon maturity (for tenures of 1 – 12 months) or on a half yearly basis (for tenures of more than 12 months).

Effective Date: 10th November 2022

Tenure Profit Rate (%P.A.)
1 Month 2.40
2 Months 2.40
3 Months 2.50
4 Months 2.50
5 Months 2.50
6 Months 2.60
7 Months 2.60
8 Months 2.60
9 Months 2.60
10 Months 2.60
11 Months 2.60
12 Months 2.60
Above 12 Months 2.60

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. Profit is calculated on a contractual basis and paid upon maturity (for tenures of 1 – 12 months) or on a half yearly basis (for tenures of more than 12 months).

Effective Date: 10th November 2022

Tenure Profit Rate (%P.A.)
1 Month 2.40
2 Months 2.40
3 Months 2.50
4 Months 2.50
5 Months 2.50
6 Months 2.60
7 Months 2.60
8 Months 2.60
9 Months 2.60
10 Months 2.60
11 Months 2.60
12 Months 2.60
Above 12 Months 2.60

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

Islamic Home/Commercial Financing Reference Rate  

Standardised Base Rate/ Kadar Asas Standard = 2.75%

What is the Standardised Base Rate (“SBR”)?
Apakah Kadar Asas Standard (“KAS”)?

The SBR is the reference rate that all banks will use starting from 1 August 2022 in the pricing of new retail floating-rate loans/financings, refinancing of existing retail loans/financings, and the renewal of revolving retail loans/financings from 1 August 2022. Retail loans/financings refer to loans/financings to individuals (not SMEs or businesses), while ‘floating-rate loans/financings’ refer to loans/financings where the interest/profit/rental rate can change during the lifetime of the loans/financing. The SBR is linked solely to the Overnight Policy Rate (OPR), as determined by the Monetary Policy Committee (MPC) of Bank Negara Malaysia.

KAS ialah kadar rujukan yang akan digunakan oleh semua bank mulai 1 Ogos 2022 dalam penetapan harga pinjaman/ pembiayaan kadar terapung runcit baharu, pembiayaan semula pinjaman/ pembiayaan runcit sedia ada, dan pembaharuan pinjaman/ pembiayaan runcit pusingan mulai 1 Ogos 2022 Pinjaman/pembiayaan runcit merujuk kepada pinjaman/pembiayaan kepada individu (bukan Pembiayaan Komersial untuk Syarikat (“PKS”) atau perniagaan), manakala ‘pinjaman/ pembiayaan kadar terapung’ merujuk kepada pinjaman/ pembiayaan di mana kadar faedah/ keuntungan/ sewaan boleh berubah sepanjang hayat pinjaman/ pembiayaan. KAS dikaitkan semata-mata kepada Kadar Dasar Semalaman (“KDS”), seperti yang ditentukan oleh Jawatankuasa Dasar Monetari (“MPC”) Bank Negara Malaysia.

What are the possible scenarios to trigger a change in SBR?
Apakah senario yang mungkin boleh mencetuskan perubahan dalam KAS?

 The SBR can rise or fall due to changes in the benchmark rate, i.e. changes in Overnight Policy Rate (“OPR”).

KAS boleh naik atau turun disebabkan oleh perubahan dalam kadar penanda aras, iaitu perubahan dalam Kadar Dasar Semalaman (“KDS”).

Effective date: 10 November 2022

Tarikh kuat kuasa: 10 November 2022

Applicable for new individual financing application.

Terpakai untuk permohonan pembiayaan individu baharu

 

BEFORE 10 NOV 2022 / SEBELUM 10 NOV 2022
FROM 10 NOV 2022 /     DARI 10 NOV 2022
Reference Rate /                Kadar Rujukan SBR/ KAS = 2.50% SBR/ KAS = 2.75%
Rental Rate /  Kadar Sewa SBR/ KAS + 1.75% SBR/ KAS + 1.75%
Effective Rental Rate /        Kadar Sewa Berkesan 4.25% 4.50%
Monthly instalment /        Ansuran Bulanan  (RM) 1,721.79 1,773.40
FOR ILLUSTRATION PURPOSE / UNTUK TUJUAN ILUSTRASI:
Financing Amount / Jumlah Pembiayaan: RM350,000 (No Lock-In Period / Tiada Tempoh Berkunci)
Financing Tenure / Tempoh Pembiayaan: 30 years/ tahun

Note: Effective Rental Rate may vary if SBR, BR or BFR changes.                                                        Nota: Kadar Sewaan Berkesan mungkin berbeza jika KAS, KA atau KPA berubah.

Historical trend of Reference Rate since January 2015 below for your reference.                         Trend sejarah Kadar Rujukan sejak Januari 2015 di bawah untuk rujukan anda.
Historical trend of reference rate
Effective Date/ Tarikh Kuat Kuasa
Jan-15
Mar-16
Jul-16
Feb-18
May-19
Jan-20
Mar-20
May-20
Jul-20
May-22
Jul-22
Aug-22
Sep-22
Nov-22
Standardised Base Rate (SBR) /
Kadar Standard Asas (KSA)
3.25% 3.25% 3.00% 3.25% 3.00% 2.75% 2.50% 2.00% 1.75% 2.00% 2.25% 2.25% 2.50% 2.75%
Base Rate (BR) / Kadar Asas (KA) 3.67% 3.77% 3.52% 3.77% 3.52% 3.27% 3.02% 2.52% 2.27% 2.52% 2.77% 2.77% 3.02% 3.27%
Base Lending Rate (BLR) /
Base Financing Rate (BFR)
Kadar Pinjaman Asas /
Kadar Pembiayaan Asas
6.95% 6.95% 6.70% 6.95% 6.70% 6.45% 6.20% 5.70% 5.45% 5.70% 5.95% 5.95% 6.20% 6.45%
Indicative Effective Lending  (IELR) /
Indicative Financing Rate (IEFR)
Indikatif Pinjaman Berkesan /
Indikatif Kadar Pembiayaan
4.67% 4.77% 4.52% 4.77% 4.65% 4.50% 4.25% 3.75% 3.50% 3.75% 4.00% 4.00% 4.25% 4.50%

Note:

  • The SBR was introduced on 1 August 2022.The dotted line in the graph and the grey numbers in the table shows the historical series of the OPR, which is the benchmark rate of the SBR.
  • Indicative effective rate refers to the indicative annual effective lending/financing rate for a standard 30- year housing loan / home financing product with financing amount of RM350k and has no lock-in period.

Catatan:

  • KAS telah diperkenalkan pada 1 Ogos 2022. Garis putus-putus dalam graf dan nombor kelabu dalam jadual menunjukkan siri sejarah KDS, iaitu kadar penanda aras KAS.
  • Kadar berkesan indikatif merujuk kepada indikatif kadar pinjaman/pembiayaan berkesan tahunan untuk pinjaman perumahan / produk pembiayaan rumah bagi 30 tahun dengan jumlah pembiayaan RM350k dan tidak mempunyai tempoh berkunci.

Base Rate / Kadar Asas = 3.27%  

What is the base rate (“BR”)?
Apakah Kadar Asas (“KA”)?

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.

KA yang kami tawarkan pada produk ini terdiri daripada dua bahagian, kos penanda aras dana (“COF”) dan kos Keperluan Rizab Berkanun (“SRR”) yang dikenakan oleh Bank Negara Malaysia. Penanda aras COF kami ialah kos marginal untuk mengumpul dana bagi pembiayaan hartanah untuk individu.

What are possible scenarios to trigger a change in the BR?
Apakah senario yang mungkin boleh mencetuskan perubahan dalam KA? 

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

KA kami boleh naik atau turun disebabkan oleh perubahan dalam penanda aras COF dan perubahan dalam 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.

Perubahan dalam COF penanda aras boleh berlaku disebabkan perubahan dalam Kadar Dasar Semalaman (“KDS”) seperti yang diputuskan oleh Jawatankuasa Dasar Monetari (“MPC”) Bank Negara Malaysia. Di samping itu, sebagai penanda aras COF ialah kos marginal untuk mengumpul dana, ia akan berubah sejajar dengan turun naik dalam keadaan pembiayaan pasaran.

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

Kos SRR akan berubah selaras dengan perubahan dalam kadar SRR seperti yang diputuskan oleh MPC Bank Negara Malaysia.

Effective date: 10 November 2022
Tarikh Kuat Kuasa: 10 November 2022

Not applicable for new individual financing applications from 1 August 2022 onwards

Tidak terpakai untuk permohonan pembiayaan individu baharu mulai 1 Ogos 2022 dan seterusnya

Base Financing Rate/ Kadar Pembiayaan Asas = 6.45% p.a.  

Effective date: 10 November 2022
Tarikh Kuat Kuasa: 10 November 2022

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”).

Catatan:

  1. KPA tidak boleh digunakan untuk permohonan pembiayaan rumah/komersial individu baharu mulai 2 Januari 2015 dan seterusnya.
  2. KPA hanya terpakai untuk pembiayaan komersial untuk syarikat (“PKS”)

  

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