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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 $957 per troy ounce
Effective Date 15 October 2020- 14 November 2020
Maximum Price $952 per troy ounce
Effective Date 15 November 2020- 14 December 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.

2020
Balance Tier Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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.

2020
Balance Tier Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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

2019
Balance Tier Profit Paid (%)
JUN JUL AUG SEP OCT NOV
Below RM1,500 0.10 0.10 0.10 0.10 0.10 0.10
RM1,500 and above 1.10 1.10 1.10 0.50 0.50 0.50

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

Saadiq JustOne Personal Current Account-i

Profit paid of the month

2020
Profit Paid (%)
Whole Balance JUN JUL AUG SEP OCT NOV
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

2020
Balance Tier Profit Paid (%)
JUN (effective from 5th) JUL AUG SEP OCT NOV
Below RM10,000 0.10 0.10 0.10 0.10 0.10 0.10
RM10,000 and above 1.10 1.10 1.10 0.70 0.70 0.70

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

Saadiq JustOne Priority Current Account-i

Profit paid of the month

2020
Profit Paid (%)
Whole Balance JUN JUL AUG SEP OCT NOV
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

2020
Balance Tier Profit Paid (%)
APR MAY JUN JUN (effective from 5th) JUL
RM0 up to RM50,000 0.50 0.50 0.50 0.10 0.10
RM50,001 up to RM200,000 1.00 1.00 1.00 1.00 1.00
RM200,001 up to RM3,000,000 2.30 2.30 2.30 1.85 1.85
RM3,000,001 & above 2.65 2.65 2.65 2.10 2.10
2020
Balance Tier Profit Paid (%)
JUL (effective from 17th) AUG SEP OCT NOV
RM0 up to RM50,000 0.10 0.10 0.10 0.10 0.10
Above RM50,000 to RM500,000 1.50 1.50 1.50 1.50 1.50
Above RM500,000 to RM3,000,000 1.75 1.75 1.75 1.75 1.75
Above RM3,000,000 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

2020
Profit Paid (%)
Whole Balance JUN JUL AUG SEP OCT NOV
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

2020
Balance Tier Profit Paid (%)
JUL JUL (effective from 17th) AUG SEP OCT NOV
RM1 – RM50,000 0.10 0.00 0.00 0.00 0.00 0.00
RM50,001 – RM300,000 0.38 0.38 0.38 0.28 0.28 0.28
RM300,001 – RM800,000 0.68 0.48 0.48 0.48 0.48 0.48
RM800,001 – RM2,000,000 1.08 0.78 0.78 0.68 0.68 0.68
Above RM2,000,000 1.28 1.20 1.20 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

2020
Whole Balance Profit Paid (%)
JUN JUL AUG SEP OCT NOV
0.10 0.10 0.10 0.10 0.10 0.10

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

Super Salary-i (Payroll)

Profit paid of the month

2020
Profit Paid (%)
Whole Balance JUN JUL AUG SEP OCT NOV
0.10 0.10 0.10 0.10 0.10 0.10

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

Mudharabah Investment Accounts

Saadiq JustOne Personal Investment Account-i

Profit paid based on Profit Sharing Ratio.

2020
Whole Balance PSR Profit Paid (%)
APR MAY JUN JUL AUG SEPT
2:98 0.25 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 Personal Account-i

Profit paid based on Profit Sharing Ratio.

2020
Whole Balance PSR Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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 JustOne Preferred Investment Account-i

Profit paid based on Profit Sharing Ratio.

2020
Whole Balance PSR (effective from 1st July 2020) Profit Paid (%)
APR MAY JUN JUL AUG SEPT
2:98 0.50 0.25 0.25 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.

2020
Whole Balance PSR Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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 JustOne Priority Investment Account-i

Profit paid based on Profit Sharing Ratio.

2020
Whole Balance PSR (effective from 1st July 2020) Profit Paid (%)
APR MAY JUN JUL AUG SEPT
2:98 1.00 0.60 0.60 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 Priority Account-i

Profit paid based on Profit Sharing Ratio.

2020
Whole Balance PSR Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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.

JustOne Priority Plus Investment Account-i

Profit paid based on Profit Sharing Ratio.

2020
Balance Tier PSR Profit Paid (%)
FEB MAR APR MAY JUN JUL
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
2020
NEW Balance Tier PSR

(effective from 1st Aug 2020)

Profit Paid (%)
AUG SEPT
RM0 up to RM50,000 2:98 0.10 0.10
Above RM50,000 to RM500,000 30:70 1.50 1.50
Above RM500,000 to RM3,000,000 35:65 1.75 1.75
Above RM3,000,000 40:60 2.00 2.00

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

JustOne Priority Plus Account-i

Profit paid based on Profit Sharing Ratio.

2020
Whole Balance PSR Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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.

2020
Balance Tier PSR PSR (effective from 1st Aug 2020) Profit Paid (%)
JUN JUL AUG SEPT
RM0 up to RM100,000 4:96 2:98 0.20 0.20 0.10 0.10
RM100,001 to RM250,000 10:90 2:98 0.50 0.50 0.10 0.10
RM250,001 & above 15:85 2:98 0.75 0.75 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.

2020
Balance Tier PSR PSR (effective from 1st Aug 2020) Profit Paid (%)
JUN JUL AUG SEPT
RM0 up to RM50,000 4:96 2:98 0.20 0.20 0.10 0.10
RM50,001 to RM100,000 8:92 2:98 0.40 0.40 0.10 0.10
RM100,001 & above 20:80 2:98 1.00 1.00 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

2020
Whole Balance PSR PSR (effective from 1st Aug 2020) Profit Paid (%)
JUN JUL AUG SEPT
50:50 2:98 2.50 2.50 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.

2020
Balance Tier PSR (effective from 1st May 2020) PSR (effective from 1st Aug 2020) Profit Paid (%)
JUN JUL AUG SEPT
RM0 up to RM50,000 2:98 1:99 0.10 0.10 0.05 0.05
RM50,001 to RM100,000 2:98 1:99 0.10 0.10 0.05 0.05
RM100,000 to RM200,000 2:98 1:99 0.10 0.10 0.05 0.05
RM200,001 to RM1,000,000 4:96 3:97 0.20 0.20 0.15 0.15
RM1,000,001 & above 4:96 3:97 0.20 0.20 0.15 0.15

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.

2020
Balance Tier PSR Profit Paid (%)
MAR APR MAY JUN
RM0 up to RM200,000 5:95 0.25 0.25 0.25 0.25
RM200,001 to RM1,000,000 17.6:82.4 0.88 0.88 0.88 0.88
RM1,000,001 & above 21.6:78.4 1.08 1.08 1.08 1.08
Balance Tier PSR

(effective from 1st July 2020)

Profit Paid (%) PSR

(effective from 1st Aug 2020)

Profit Paid (%) PSR

(effective from 1st Sept 2020)

Profit Paid (%)
RM0 up to RM50,000 2:98 0.10 2:98 0.10 1:99 0.05
Above RM50,000 to RM300,000 7.6:92.4 0.38 7.6:92.4 0.38 5.6:94.4 0.28
Above RM300,000 to RM800,000 13.6:86.4 0.68 9.6:90.4 0.48 9.6:90.4 0.48
Above RM800,000 to RM2,000,000 21.6:78.4 1.08 15.6:84.4 0.78 13.6:86.4 0.68
Above RM2,000,000 25.6:74.4 1.28 24:76 1.20 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

Profit paid based on Profit Sharing Ratio

2020
Whole Balance PSR Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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.

2020
Balance Tier PSR PSR (effective from 1st Aug 2020) Profit Paid (%)
JUN JUL AUG SEPT
RM0 up to RM100,000 4:94 2:98 0.20 0.20 0.10 0.10
RM100,001 up to RM200,000 10:90 2:98 0.50 0.50 0.10 0.10
RM200,001 and above 15:85 2:98 0.75 0.75 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.

 
2020
Tenure Profit Rate (%)
JUL JUL (effective from 14th)  

AUG

AUG (effective from 5th) SEP OCT NOV
1 Month 1.70 1.45 1.45 1.45 1.45 1.45 1.45
2 Months 1.70 1.45 1.45 1.45 1.45 1.45 1.45
3 Months 1.80 1.55 1.55 1.55 1.55 1.55 1.55
4 Months 1.80 1.55 1.55 1.55 1.55 1.55 1.55
5 Months 1.80 1.55 1.55 1.55 1.55 1.55 1.55
6 Months 1.85 1.60 1.60 1.60 1.60 1.60 1.60
7 Months 1.85 1.60 1.60 1.60 1.60 1.60 1.60
8 Months 1.85 1.60 1.60 1.60 1.60 1.60 1.60
9 Months 1.90 1.65 1.65 1.60 1.60 1.60 1.60
10 Months 1.90 1.65 1.65 1.60 1.60 1.60 1.60
11 Months 1.90 1.65 1.65 1.60 1.60 1.60 1.60
12 Months 2.00 1.75 1.75 1.60 1.60 1.60 1.60
Above 12 Months 2.00 1.75 1.75 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

 
2020
Tenure Profit Rate (%)
JUL JUL (effective from 14th)  

AUG

AUG (effective from 5th) SEP OCT NOV
1 Month 1.70 1.45 1.45 1.45 1.45 1.45 1.45
2 Months 1.70 1.45 1.45 1.45 1.45 1.45 1.45
3 Months 1.80 1.55 1.55 1.55 1.55 1.55 1.55
4 Months 1.80 1.55 1.55 1.55 1.55 1.55 1.55
5 Months 1.80 1.55 1.55 1.55 1.55 1.55 1.55
6 Months 1.85 1.60 1.60 1.60 1.60 1.60 1.60
7 Months 1.85 1.60 1.60 1.60 1.60 1.60 1.60
8 Months 1.85 1.60 1.60 1.60 1.60 1.60 1.60
9 Months 1.90 1.65 1.65 1.60 1.60 1.60 1.60
10 Months 1.90 1.65 1.65 1.60 1.60 1.60 1.60
11 Months 1.90 1.65 1.65 1.60 1.60 1.60 1.60
12 Months 2.00 1.75 1.75 1.60 1.60 1.60 1.60
Above 12 Months 2.00 1.75 1.75 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
PSR & Profit Paid (%)
Tenure APR MAY JUN JUL AUG SEPT
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

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
PSR & Profit Paid (%)
Tenure APR MAY JUN JUL AUG SEPT
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

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
Profit Paid (%)
APR MAY JUN JUL AUG SEPT
5.00 5.00 5.00 5.00 5.00 5.00
Yield from Islamic Investment Accounts
2020
Profit Paid (%)
APR MAY JUN JUL AUG SEPT
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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