Current Account One - i
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Meet your everyday banking needs while enjoying returns.
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
Profit-bearing account
Profit calculated daily & credited monthly ?
Islamic Banking avoids interest-based transactions (Riba), and instead introduces the concept of buying something on the borrower’s behalf, and selling it back to the borrower at profit.
Monthly E-Statement
HOW DOES IT WORK
HOW DOES IT WORK
1. Check your eligibility
Find out if this account is the right match for you:
For Malaysians and non-Malaysians
18 years old and above
Minimum initial deposit of RM500
Not Applicable to companies/societies, clubs and associations
2. HLISB will carry out multiple sale and purchase transactions
By applying, you are appointing HLISB as an agent to purchase a commodity with a price equivalent to your deposit amount. You will then sell the commodity to HLISB at a profit, and thereafter HLISB will sell the commodity to a third party to obtain cash on the basis of Tawarruq.
3. The Islamic Deposit will be registered in your name
Enjoy protection from PIDM up to RM250,000 per depositor.
MORE INFORMATION
Personal Account / Joint Account
Muslim and non-Muslim individuals, aged 18 years and above.
Protected by PIDM up to RM250,000 for each depositor
(wef 10/07/2020)
| Balance Tier
|
Profit Rates
|
|---|---|
| Up to RM500,000
|
0.00% p.a.
|
| Above RM500,000
|
0.05% p.a.
|
Important notice
The following are the exhaustive list of fees and charges
| Description / Service
|
Charges / Fees*
|
|---|---|
| Issuance of Cheque Book
|
Stamp Duty of RM0.15 per cheque leaf
|
|
For Basic Current Account-i
|
Stamp duty of RM0.15 per cheque leaf
|
| Return Cheques due to :
|
|
|
Insufficient Funds (onward return)
|
RM150.00 per cheque
|
| Technical Reasons (onward return)
|
RM10.00 per cheque
|
|
Dishonoured Cheque (Inward Return)
|
RM10.00 per cheque returned (imposed on payee)
|
| Stop Payment
|
|
|
i) Upon request
|
RM10.00 per cheque
|
| RM10.00 per instruction
|
|
| ii) Due to loss of cheque book
|
|
|
Upon presentation of stop payment cheque: · if sufficient funds · if insufficient funds
|
RM10.00 per cheque RM150.00 per cheque
|
| Statement Request
|
|
| Weekly Statement Request
|
RM20.00 per month
|
| Adhoc Statement Request
|
RM10.00 per request plus RM2.00 per page (for statement within one year)
RM10 per request plus RM5.00 per page (for statement exceed one year)
|
| Cash Cheque at domicile branch
(No charge is applied to company representative/s encashing cheques on behalf of the company) |
|
| 1st party (by account holder) encashment
|
No charge
|
| 3rd party encashment
|
RM2.00
|
|
Basic Current Account-i |
|
|
Over-the-counter (OTC) visits (per month)
|
No charges |
|
From the 7th OTC onwards |
Waived until further notice |
|
Half Yearly Service Charge |
|
|
Where average balance for half year is below RM1,000 |
RM10.00 every half year (June & December) |
|
Close Account by Customer |
|
|
Basic Current Account-i |
RM20.00 (within 3 months from opening) |
|
Current Account-i |
RM20.00 (within 6 months from opening, after 6 months no charge) |
|
Changes to Account |
|
|
Change of operating mandate
|
RM10.00 |
|
Mandate for operating account
|
|
|
Dormant Basic Current Account (No activity for 12 months and above) |
|
|
Balance of below RM10.00 |
Account closed and balance absorbed as charge |
|
Balance of RM10.00 and above |
RM10.00 yearly |
|
Dormant Current Account-i (No activity for 6 months and above) |
|
|
Balance of RM10.00 and below |
Account closed and balance absorbed as service charge |
|
Balance above RM10.00 |
RM10.00 yearly |
|
Handling Charges on Representing Cheques |
RM50.00 per cheque
|
|
Cheque Processing Fee |
RM0.50 per cheque
|
*Subject to Government Tax, if applicable.