Ar-Rizq Term Deposit Account
Ar-Rizq Deposit Account is a short term deposit based on the Syariah concept of Al-Wakalah
Syariah Concept
Al-Wakalah
Term
- 3 months
- 6 months
- 9 months
- 12 months
Type of Account
- Individual
- Joint
Eligibility
- Age 18 or above
- Brunei Citizens / Permanent Residents / Foreign nationals with valid residency permit
- Must have Savings or Current Account
Requirements
- Original Identity Card
- Initial Deposit of $1,000 and maximum deposit is $2,000,000
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- For Foreign nationals:
- Original Identity Card and Passport
- Valid employment pass or dependent
- Contract or employment and residential address proof
Benefits
- Profit distribution upon maturity
- Syariah Compliant
Rates
Fees
Refer to TAIB Schedule of Tariffs and Fees
| Tenure | Individual (Expected Profit rate per annum) | Corporate (Expected Profit rate per annum) |
|---|---|---|
|
3 Months
|
0.20%
|
0.20%
|
|
6 Months |
0.45%
|
0.45%
|
|
9 Months
|
0.45%
|
0.45%
|
|
12 Months
|
0.45%
|
0.45%
|
Refer to Rates for more information