AWFAR



 

Contract

A tawarruq consists of two sale and purchase contracts. The first involves the sale of and asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.

Benefits
  • Passbook (upon request)
  • Bankcard Facilities
  • Salary Crediting & Sweeping Facility
  • Standing Instruction Facility
  • Profit will be credited into customer’s account every month end or upon account closing
  • Other facilities:

 
Electronic Banking Facilities

ATM

  • Cash withdrawal
  • Fund transfer
  • Statement request
  • Utility bills payment
  • Zakat payment
  • Tabung Haji transaction
  • Pin change
  • MEPS withdrawal
  • IBFT

 

Eligibility & Requirements
Product Awfar Savings Account
Shariah Contract RM100
Minimum Balance RM10
Customer Type a.  Individual & Joint-Account
b.  Trust
c.  External Account (Individual)
Age Eligibility

Aged 18 and above (Below 18 years old must be opened under Trust Account)
Facilities a.  Bank Islam Visa Debit Card-i
b.  Salary Crediting and Sweeping Facility
c.  Standing Instruction Facility
d.   Other facilities, such as:
         i.  Bill Payment
        ii.  BIMB Web
       iii.  BIMB Mobile
Profit/ Hibah Payment Frequency Profit will be paid on monthly basis
Principal and Profit Guaranteed Yes
PIDM Protection PIDM protects the eligible deposits up to RM250,000 per depositor
per member bank.
Benefits This account provides hassle-free safekeeping of your money and
allows easy access for withdrawals whenever needed.

 

Terms & Conditions and Product Disclosure Sheet
  • Click here for view Terms and Conditions for Awfar effective 1 July 2026
Frequently Asked Questions (FAQs)
List of Awfar Draw Date 2026