Al-Awfar

(Not protected by PIDM)

Introducing the FIRST in Islamic banking, Al-Awfar is an innovative Mudarabah-based account that gives you the opportunity to win cash prizes worth more than RM15 million a year. Sign up today! Who knows, you could be the next millionaire.

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Contract

Mudarabah

“Mudarabah” means a form of contract between the capital provider (rabbul mal) and an entrepreneur (mudarib) under which the rabbul mal provides capital to be managed by the mudarib and any profit generated from the capital is shared between the rabbul mal and mudarib based on a mutually agreed profit sharing ratio whilst financial losses are borne by the rabbul mal provided that such losses are not due to the mudarib’s misconduct, negligence, or breach of specific terms.

Eligibility & Requirements

Minimum Placement

RM100

Minimum Balance

RM50

Who can open an account

Individuals
Non-Individual – Associations / Schools / Universities Clubs / Societies / Religious Groups

Draw Category

Monthly
- Monthly Category
- State Category
- Jom Pindah Gaji Category
Quaterly
- Millionaire Category
- Junior Category
Half-Yearly
- Special Draw Category

Draw Eligibility

Monthly
- Average balance of RM100 = 1 unit of entry
Quaterly
- Average balance of RM1,000 = 1 unit of entry
Half-Yearly
- Average balance of RM10,000 = 1 unit of entry

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

Flyers & Prizes Listing

Click here to view Front Flyer
Click here to view Back Flyer

T&C and PDS

Download the Terms and Conditions effective on 19 March 2021

Download the Terms and Conditions effective on 15 March 2021

Download the PDS Effective on 1 August 2019

List of Al-Awfar Draw Date 2021

Al-Awfar Winners

Click here for the List of Al-Awfar – February 2021
Click here for the List of Al-Awfar – January 2021
Click here for the List of Al-Awfar – December 2020