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Enjoy fixed profit rate and flexible tenures on your deposit with the Standard Chartered Saadiq term deposit-i

Increase your return according to Syariah principles

Gain potential to earn competitive returns on your deposit with term deposit-i, a world-class Islamic account that is designed for short to medium-term investors.

Features

Online banking

Enjoy a wide range of easy-to-use features and secure banking services for free.

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SC Mobile

Access your accounts on the go with the enhanced security of touch login service.

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eStatements

Choose to see your monthly statements through online banking or receive a copy via email.

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Deposit Interest Rates

Standard Chartered offers a wide range of cash management and deposit products that give you added value and benefits

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Pin Pay Debit

Welcome to a more secure payment method with 6-digit PIN

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Earn potential returns

How it works

Murabahah is the Syariah concept of cost plus sale where it involves you buying a commodity and then selling it at cost plus profit. You will receive the proceeds of your sale in cash on deferred terms.

 

Steps
Details
1 Deposit your funds with Standard Chartered Saadiq to purchase the commodity
2 Standard Chartered Saadiq will identify and purchase the commodity on your behalf
3 You may sell the commodity to Standard Chartered Saadiq at cost plus profit - to be agreed between us
4 You will be paid the proceeds of your sale on deferred terms

Eligibility and documents

Eligibility

  • Eligibility
    • Muslims and non-Muslims
    • Individual account or joint account
    • Sole proprietor or partnership
    • Corporate or non-profit organisation (club or society or association or cooperative)
    • Private limited companies
  • Age
    • 18 years and above
  • Minimum deposit
    • Individual account or joint account
      RM5,000 for 1-month placement or RM1,000 for placements over 3 months
    • Corporate or non-profit organisation (club or society or association or cooperative)
      RM5,000, or RM1,000 for placements over 3 months
    • Private limited companies
      RM5,000, or RM1,000 for placements over 3 months

Documents required

  • Individual account or joint account
    • Copy of your National Registration Identity Card (NRIC)
  • Sole proprietor or partnership
    • Business registration (Form A)
    • Company license (Form D)
    • Copy of NRIC of all partners as individual customer
  • Corporate or non-profit organisation
    • Copy of NRIC
    • Certified copy of rules and regulations
    • Certified copy of a Resolution to open the account signed by the chairman and secretary
    • Certified copy of the certificate of registration
  • Private limited companies
    • Identity documents of all directors and signatories
    • Certified copy of the certificate of incorporation (Form 49)
    • Certified copy of the return of allotment of shares (Form 24)
    • Certified copy of memorandum and articles of association
    • Certified copy of a board resolution regulating the conduct of the account
    • Certificate by the registrar of company that the company is entitled to commence business
    • Certified copy of a resolution to open the account signed by the chairman and secretary

Terms and conditions

Member PIDM Perdankan Islam | Standard Chartered Saadiq