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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 Syariah concept of Tawarruq)
Type of Commodity Platinum
Maximum Price $884 per troy oz
Effective Date 15 June 2019-14 July 2019
Maximum Price $905 per troy oz
Effective Date 15 July 2019- 14 August 2019
Trading Platform DD & Co Limited

The above Commodity is used as the underlying Commodity for Current Account and Savings Account based on Syariah 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 Syariah concept of Tawarruq” or as published at branches.

Rates

Savings Account

Basic Savings Account-i (Eligible for protection by PIDM)

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.

 
2018
2019
Whole Balance DEC JAN FEB MAC APR MAY
RM0 up to RM100,000 0.200% 0.200% 0.200% 0.200% 0.200% 0.200%
RM100,001 to RM250,000 0.500% 0.500% 0.500% 0.500% 0.500% 0.500%
RM250,001 & above 0.750% 0.750% 0.750% 0.750% 0.750% 0.750%

Eligible for protection by PIDM

Current Accounts

Saadiq Current Account-i (Individual)*(Eligible for protection by PIDM)

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.

 
2018
2019
Whole Balance DEC JAN FEB MAC APR MAY
RM0 up to RM5,000 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
RM5,001 to RM15,000 0.250% 0.250% 0.250% 0.250% 0.250% 0.250%
RM15,001 & above 0.500% 0.500% 0.500% 0.500% 0.500% 0.500%

Eligible for protection by PIDM

Current Account-i (Non-Individual)(Eligible for protection by PIDM)

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.

 
2018
2019
Whole Balance DEC JAN FEB MAC APR MAY
RM50, 000 and below 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
RM50,001 to RM100,000 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
RM100,001 to RM200,000 0.300% 0.300% 0.300% 0.300% 0.300% 0.300%
RM200,001 to RM500,000 0.750% 0.750% 0.750% 0.750% 0.750% 0.750%
RM500,001 and above 0.900% 0.900% 0.900% 0.900% 0.900% 0.900%

Eligible for protection by PIDM

Current Account and Savings Account under Syariah concept of Tawarruq (Eligible for protection by PIDM)

Saadiq JustOne Personal Savings Account-i

Profit paid of the month

 
2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
Below RM1,500 0.250

 

0.250

 

0.250

 

0.250

 

0.250

 

0.250

 

RM1,500 and above 1.250 1.250 1.250 1.250 1.250 1.250

Eligible for protection by PIDM

Saadiq JustOne Personal Current Account-i

Profit paid of the month

 
2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
All balances 0.050 0.050 0.050 0.050 0.050 0.050

Eligible for protection by PIDM

Saadiq JustOne Priority Savings Account-i

Profit paid of the month

2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
Below RM10,000 1.000 1.000 1.000 1.000 1.000 1.000
RM10,000 and above 2.000 2.000 2.000 2.000 2.000 2.000

Eligible for protection by PIDM

Saadiq JustOne Priority Current Account-i

Profit paid of the month

 
2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
All balances

 

0.050 0.050 0.050 0.050 0.050 0.050

Eligible for protection by PIDM

JustOne Priority Plus Savings Account-i

Profit paid of the month

 
2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
RM0 up to RM50,000 0.200 0.200 0.200 0.200 0.200 0.200
RM50,001 up to RM200,000 1.700 1.700 1.700 1.700 1.700 1.700
RM200,001 up to RM1,000,000 2.500 2.500 2.500 2.500 2.500 2.500
RM1,000,001 & above 2.900 2.900 2.900 2.900 2.900 2.900

Eligible for protection by PIDM

JustOne Priority Plus Current Account-i

Profit paid of the month

 
2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
All balances 0.050 0.050 0.050 0.050 0.050 0.050

Eligible for protection by PIDM

Business JustOne Deposit Account-i

Profit paid of the month

 
2019
Whole Balance Profit Paid (%)
JAN FEB MAR APR MAY JUN
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

Eligible for protection by PIDM

SuperSalary-i (EB)

Profit paid of the month

2019
Whole Balance Profit Paid (%)
MAR APR MAY JUN
RM0 up to RM 15,000 0.500 0.500 0.500 0.500
RM15,001 & above 0.900 0.900 0.900 0.900

Eligible for protection by PIDM

Super Salary-i (Payroll)

Profit paid of the month

2019
Whole Balance Profit Paid (%)
JUL (Effective on 10th)
All Balances 0.500

Investment Account

Saadiq JustOne Personal Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 5:95 0.250 0.250 0.250 0.250 0.250 0.250
Saadiq JustOne Personal Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 1:99 0.050 0.050 0.050 0.050 0.050 0.050
Saadiq JustOne Preferred Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 10:90 0.500 0.500 0.500 0.500 0.500 0.500
Saadiq JustOne Preferred Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 1:99 0.050 0.050 0.050 0.050 0.050 0.050
Saadiq JustOne Priority Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 20:80 1.000 1.000 1.000 1.000 1.000 1.000
Saadiq JustOne Priority Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 1:99 0.050 0.050 0.050 0.050 0.050 0.050
JustOne Priority Plus Investment Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
RM0 up to
RM50,000
4:96 0.200 0.200 0.200 0.200 0.200 0.200
RM50,001 up to
RM200,000
34:66 1.700 1.700 1.700 1.700 1.700 1.700
RM200,001 up to
RM1,000,000
50:50 2.500 2.500 2.500 2.500 2.500 2.500
RM1,000,001 &
above
58:42 2.900 2.900 2.900 2.900 2.900 2.900
JustOne Priority Plus Account-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All balances 1:99 0.050 0.050 0.050 0.050 0.050 0.050
Saadiq Investment Account-i*

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
RM0 up to RM100,000 4:96 0.200 0.200 0.200 0.200 0.200 0.200
RM100,001 to RM250,000 10:90 0.500 0.500 0.500 0.500 0.500 0.500
RM250,001 & above 15:85 0.750 0.750 0.750 0.750 0.750 0.750
Investment Account-i*

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
RM0 up to RM50,000 4:96 0.200% 0.200% 0.200% 0.200% 0.200% 0.200%
RM50,001 to RM100,000 8:92 0.400% 0.400% 0.400% 0.400% 0.400% 0.400%
RM100,001 & above 20:80 1.000% 1.000% 1.000% 1.000% 1.000% 1.000%
Saadiq$aver-i*

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
RM0 up to RM50,000 4:96 0.200 0.200 0.200 0.200 0.200 0.200
RM50,001 to RM200,000 34:66 1.700 1.700 1.700 1.700 1.700 1.700
RM200,001 to
RM1,000,000
48:52 2.400 2.400 2.400 2.400 2.400 2.400
RM1,000,001 & above 54:46 2.700 2.700 2.700 2.700 2.700 2.700
Saadiq Business$aver-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
RM0 up to RM200,000 10:90 0.500 0.500 0.500 0.500 0.500 0.500
RM200,001 to
RM1,000,000
26:74 1.300 1.300 1.300 1.300 1.300 1.300
RM1,000,001 & above 30:70 1.500 1.500 1.500 1.500 1.500 1.500
Business JustOne Account-i
 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
All Balances 1:99 0.050 0.050 0.050 0.050 0.050 0.050
Saadiq Young Saver-i

Profit paid based on Profit Sharing Ratio.

 
2018
2019
Whole Balance PSR Profit Paid (%)
DEC JAN FEB MAC APR MAY
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%

effective 23th February 2018

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.

 
2019
Tenure Profit Rate (%)
JAN FEB MAC APR MAY JUN
1 Month 2.95 2.95 2.95 2.95 2.70 2.70
2 Months 2.95 2.95 2.95 2.95 2.70 2.70
3 Months 3.15 3.15 3.15 3.15 2.90 2.90
4 Months 3.15 3.15 3.15 3.15 2.90 2.90
5 Months 3.15 3.15 3.15 3.15 2.90 2.90
6 Months 3.20 3.20 3.20 3.20 2.95 2.95
7 Months 3.20 3.20 3.20 3.20 2.95 2.95
8 Months 3.20 3.20 3.20 3.20 2.95 2.95
9 Months 3.20 3.20 3.20 3.20 2.95 2.95
10 Months 3.20 3.20 3.20 3.20 2.95 2.95
11 Months 3.20 3.20 3.20 3.20 2.95 2.95
12 Months 3.30 3.30 3.30 3.30 3.05 3.05
Above 12 Months 3.30 3.30 3.30 3.30 3.05 3.05

Eligible for protection by PIDM

Term Deposit-i (Commercial / Business Client)

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

 
2019
Tenure Profit Rate (%)
JAN FEB MAC APR MAY JUN
1 Month 2.95 2.95 2.95 2.95 2.70 2.70
2 Months 2.95 2.95 2.95 2.95 2.70 2.70
3 Months 3.15 3.15 3.15 3.15 2.90 2.90
4 Months 3.15 3.15 3.15 3.15 2.90 2.90
5 Months 3.15 3.15 3.15 3.15 2.90 2.90
6 Months 3.20 3.20 3.20 3.20 2.95 2.95
7 Months 3.20 3.20 3.20 3.20 2.95 2.95
8 Months 3.20 3.20 3.20 3.20 2.95 2.95
9 Months 3.20 3.20 3.20 3.20 2.95 2.95
10 Months 3.20 3.20 3.20 3.20 2.95 2.95
11 Months 3.20 3.20 3.20 3.20 2.95 2.95
12 Months 3.30 3.30 3.30 3.30 3.05 3.05
Above 12 Months 3.30 3.30 3.30 3.30 3.05 3.05

Eligible for protection by PIDM

General Investment Accounts*

General Investment Account-i (for deposits up to RM1 million only)
 
2018
2019
  PSR & Profit Paid (%)
Tenure DEC JAN FEB MAC APR MAY
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)
 
2018
2019
  PSR & Profit Paid (%)
Tenure DEC JAN FEB MAC APR MAY
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
2018
2019
DEC JAN FEB MAC APR MAY
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.
Yield from Islamic Investment Accounts
2018
2019
DEC JAN FEB MAC APR MAY
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 = 3.52%

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 May 2019

Applicable for all new individual financing applications

BEFORE 14 MAY 2019
FROM 14 MAY 2019
Reference Rate BR = 3.77% BR = 3.52%
Rental Rate BR + 1.00% BR + 1.00%
Effective Rental Rate 4.77% 4.52%
Monthly instalment (RM) 1,829.99 1,777.56

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 = 6.70% p.a.

Effective date: 14th May 2019

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 property financing for company (SME).