Qard Saving Account-i

(Protected by PIDM up to RM250,000 for each depositor)

Bank Islam offers Qard Savings Account-i facility for you to save your money. Based on Qard contract, this facility provides hassle – free safekeeping of your money and allows easy access for withdrawals whenever needed.


Benefits & Features

Benefits

 

  • Free Savings Passbook (upon request)
  • Bankcard Facilities
  • Salary Crediting & Sweeping Facility
  • Standing Instruction Facility
  • Hibah may be given on a monthly basis based on the Bank’s discretion
  • Others facilities:
    • Bill payment
    • Bankislam.biz
    • TAP Mobile Banking-i
 

Electronic Banking Facilities

 

ATM

  • Cash withdrawal
  • Fund transfer
  • Statement request
  • Utility bills payment
  • Zakat payment
  • Tabung Haji transaction
  • Internet Banking (bankislam.biz) registration
  • PIN Change
  • MEPS withdrawal
  • IBFT

TAP Mobile Banking-i

TAP Mobile Banking-i uses an innovative chip technology that displays a banking menu on user’s mobile phone, a screen that most customers are familiar with, thus reducing hassles of memorising to keywords and commands or download applications. The types of services offered are balance enquiry, fund transfer, prepaid top up, bill payment and many more.


e-Debit

The e-Debit (electronic funds transfer at point of sale) is a service where consumers pay their purchases using Bankcard and Personal Identification Number (PIN). The purchase amount will be deducted directly form either their Savings or Current Account.


Contract

Qard

The Customer shall give consent to the Bank to deal with the whole or any part of any balances in the account in the manner that the Bank deems fit. Any profit generated by the Bank from the use of the funds shall belong to the Bank. The Bank may at its absolute discretion, give reward (Hibah) to the Customer. Subject to the terms hereof, the Bank guarantees payment of the whole sum standing to the credit of the Customer’s account upon demand.


Eligibility & Requirement

Minimum Opening

RM100

 

Minimum Balance

RM10

 

Age Requirement

Open to all

 

Types of Account

  • Individual (12 years old and above)
  • Trust (for children under 12 years old, must be opened with parents/legal guardian)
  • Joint Account – to open the account jointly with another person

Fees & Charges

Subject

Charges

Rate / Amount

 

Replacement of Passbook

  • Lost passbook
  • Due to poor handling

Stamp Duty will be charged for the Indemnity Letter regardless of the amount

  • RM10 Stamp Duty + RM3.00 if lost due to poor handling
  • RM10 Stamp Duty only – if lost due to stolen ( attach police report )
 

Early Closure of Account

Within 3 months

RM20.00

 

Dormant Account

With balances up to RM5.00

Account will be closed and these balances will be absorbed by the Bank as a charge

 

Other Fees & Charges

Coin Deposit – Business Account

1st RM100.00 is free

Subsequent RM100.00 is charged RM2.00

Terms & Conditions

Click here to view Terms & Conditions for QARD SAVINGS ACCOUNT-i effective 1st August 2021

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