Personal

Business

Secure higher returns with our Term Deposit-i

Gain higher profit rates

Watch your savings grow with our competitive profit rates. 

Flexible tenures

Choose from 1 month to 60 months and lock in a fixed profit rate.

Shariah-compliant

Term Deposit-i is based on the Islamic concept of Commodity Murabahah.

How to Apply?

Non-Priority Banking Clients
Priority Banking Clients
Over the counter at your nearest Standard Chartered Branch. • Contact your dedicated Relationship Manager.

• Over the counter at your nearest Standard Chartered Branch.

How Commodity Murabahah works

Step 1

Deposit your funds with Standard Chartered Saadiq to purchase the commodity

Step 2

Standard Chartered Saadiq will act as your agent to purchase the commodity from Broker

Step 3

Standard Chartered Saadiq will then buy the commodity from you at cost plus profit on deferred basis which to be paid to you on maturity.

Step 4

Standard Chartered Saadiq, as the owner of the commodity will then sell the Commodity to any third party

Let’s get in touch

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Malaysian/Permanent Residents

  • Identification Document:
    • NRIC
  • Age Requirement
    • Individuals who are 18 years old and above.
  • Minimum deposit

    • RM5,000 for tenures of 1 month
    • RM1,000 for tenures above 1 month

Foreigners

  • Passport with at least 6 months’ validity
  • Proof of employment/study (any one of the following documents)
    • Employment Pass/Work permit
    • Student Pass
  • Proof of residential address (any one of the following documents)
    • Latest utility/mobile/internet subscription bill
    • Driving License
    • Latest bank/credit card statement
    • Rental agreement showing your address
    • Letter from employer stating current address
    • Government-issued document stating current address

  1. Profit will be paid on maturity date for tenures of 1 to 12 months or on a half yearly basis for tenures of more than 12 months with the maturity instruction to auto renew principal only.
  2. Term Deposit-i shall be subject to the rebate/ibra’ on the sale proceed for any premature withdrawals/upliftment.

‘Only deposits are protected by PIDM up to RM250,000 for each depositor.

* Click here for PIDM’s DIS Brochure.

Earn 3.50%p.a. on a 12-month Term Deposit-i Earn 3.50%p.a. on a 12-month Term Deposit-i

Disclaimer

This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/my/ and entering a website operated by other parties:

Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting www.sc.com/my/

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