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
- Original Identity Card and Passport
- Valid employment pass or dependent
- Contract or employment and residential address proof
For Foreign nationals:
Benefits
- Profit distribution upon maturity
- Syariah Compliant
Rates
| Tenure |
|---|
| 3 Months |
| 6 Months |
| 9 Months |
| 12 Months |
| Individual (Expected Profit rate per annum) |
|---|
| 0.20% |
| 0.45% |
| 0.45% |
| 0.45% |
| Corporate (Expected Profit rate per annum) |
|---|
| 0.20% |
| 0.45% |
| 0.45% |
| 0.45% |
Refer to Rates for more information
Fees
Refer to TAIB Schedule of Tariffs and Fees