Qurban Fund Savings-i Account

Plan your ibadah qurban through the Qurban Fund Savings-i Account

Concept

Tawarruq
Qard

Note:

The customer appoints the Bank as an agent to assist in the management of the ibadah korban in order for the ibadah korban to be executed and with charges based on Wakalah Bil Ujrah.
The Bank may appoint a third party as an agent to execute ibadah korban on behalf of the customer on a sub-agent basis with the imposition of a prescribed ibadah korban fee.

Types of Accounts

Individual

Product Features

Minimum deposit to open an account is RM20
Kad Rakyat facility (ATM Card)
- Perform withdrawals at Bank Rakyat ATMs or any ATM with MEPS / BANKCARD logo across the country
- Perform money transfers and one-stop bill payments via ATM and counters.
Internet banking facilities i-Rakyat

Profit Rates/Historical Hibah Rates

Profit Rates (Tawarruq)

Qurban Funds Savings-i Account
Amount (RM)	Profit Rates (p.a)
0 - 999	0.00%
1,000 - 99,999	1.00%
100,000 and above	1.25%

Historical Hibah Rates (Qard):

Qurban Funds Savings-i Account
Amount (RM)	Hibah Rates* (p.a)
0 - 999	0.00%
1,000 - 99,999	1.00%
100,000 and above	1.25%

*IMPORTANT/ DISCLAIMER:

THE DISCLOSURE OF HIBAH RATE AS SHOWN ABOVE IS THE PREVIOUS HIBAH RATE PAID BY THE BANK TO DEPOSITORS AND SHALL NOT BE CONSTRUED IN ANY WAY AS AN INDICATIVE OR PROSPECTIVE RATE.

THE BANK IS NOT OBLIGED TO GRANT THE HIBAH TO THE DEPOSITORS AND DECLARATION OF THE HIBAH RATE DISPLAYED IS AT SOLE DISCRETION OF THE BANK.

Eligibility

Individuals;

Age 18 years old and above;

Muslim.

Required Documents

Identity Card

How to participate?

Open the Qurban Fund Savings-i Account
Make periodic deposits or one lump sum
Ensure amount is sufficient to perform Ibadah Qurban
Fill out the ‘Ibadah Qurban Participation Form' at any bank branch
Receive the ‘Ibadah Qurban Participation Certificate'.

Closing Date

Two (2) months prior to Aidiladha of current year

Fees & Charges

SERVICE	TRANSACTION	CHARGE
Debit Card	Application fee	RM 8.00*
Debit Card	Annual card fee	RM 8.00*
Debit Card	Replacement card - Lost/Stolen	RM12.00*
Debit Card	Replacement card - Faulty Card/Chip	Free
Account Statement	For each application	RM10.00
Account Closure	Less than 3 months from the new account opening date*	RM10.00

Terms and conditions of savings account-i

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Savings