The Basic Savings Account-i is an account that is classified as a "Deposit" under the Shariah principle of Qardh (non-interest bearing loan). Under the principle of Qardh, the money deposited into this account is not subject to any risk on investment nor is exposed to profit or loss. When demanded, the bank will pay the Customer the total sum or part thereof standing to the credit of the Customer's Account. Enjoy greater peace of mind as the account is principally guaranteed and protected by Perbadanan Insurans Deposit Malaysia (PIDM).
If you prefer a convenient and smarter way to manage your personal financial needs, consider KFH Basic Savings Account-i.
Shariah concept: Qardh
Initial deposit: RM20