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.
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
- Quarterly
- Millionaire Category
- Junior Category
- Half-Yearly
- Special Draw Category
Draw Eligibility
- Monthly
- Average balance of RM100 = 1 unit of entry
- Quarterly
- 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 for AL-AWFAR effective 1st August 2021
Download the Terms and Conditions for AL-AWFAR effective 19th March 2021
Download the PDS for AL-AWFAR (English Version)
Download the PDS for AL-AWFAR (Malay Version)
List of Al-Awfar Draw Date 2021
List of Al-Awfar Draw Date 2021
Al-Awfar Winners
Click here for the List of Al-Awfar – September 2021
Click here for the List of Al-Awfar – August 2021
Click here for the List of Al-Awfar – July 2021
Click here for the List of Al-Awfar – June 2021
Click here for the List of Al-Awfar – May 2021
Click here for the List of Al-Awfar – April 2021
Click here for the List of Al-Awfar – March 2021
Click here for the List of Al-Awfar – February 2021
