Islamic Fixed Deposit (GIA-i) Rate Comparison Table, May 2010

fixed deposits

Previously we look at conventional fixed deposit rate for May 2010. However,  if you prefer to deposit in Islamic Fixed Deposit Account or commonly known as General Investment Account (GIA-i) instead of conventional fixed deposit account, the rates are shown in the table below.

Kindly note that, the rate showed in the table below are only indicative. It means that, the rates may changes according to agreed profit sharing ratio. This table are no longer maintained. To get the latest rates kindly browse Latest Islamic Fixed Deposit (FD) Rates page.

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Upfront Profit Fixed Deposits Account from Maybank and CIMB Bank

fixed deposits

Both CIMB Bank and Maybank through their respective Islamic Banking arm have a similar offering on Upfront Profit Fixed Deposit Account. CIMB Bank is the first introducing this product in 2007 while Maybank only offer it in 2009.

CIMB Bank’s offering is called “Fixed Return Investment Account-i (FRIA-i) – WhyWait” while Maybank’s offering called “Profit Now! Account-i (PNA-i)”. Both of them are Islamic Fixed deposit and sometimes called General Investment Account-i (GIA-i)

Both of them pay the profit upfront or in other word when you open the account instead of at maturity through other Fixed Deposit Account.

The table below show the comparison between CIMB Bank and Maybank offering.

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New Islamic Capital-Protected Fund, AMB Dana Aqeel

amb dana aqeel

Amanah Mutual Bhd (AMB), a wholly-owned subsidiary of Amanah Saham Nasional Bhd (ASNB), recently launched a 300-million unit Syariah-compliant fund. The fund called AMB Dana Aqeel Capital Protected.

The Shariah compliant close-ended fund will have a maturity period of three years and has a nominal value of 50 sen per unit.

The fund would invest a minimum of 85 per cent of its net asset value (NAV) in locally issued Islamic bond or sukuk to provide capital protection at maturity. The remaining 15 per cent of the fund’s NAV would be invested in a diversified portfolio of Shariah compliant equities for potential returns including cash equivalent instruments for liquidity of the fund.

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Latest BLR & BFR Rate as in March 2010

interest rate

With recent hike of Overnight Policy Rate (OPR) by Bank Negara Malaysia (BNM), Banks do not take a long time to raise BLR and BFR. The first bank to raise the BLR is Bank Simpanan Nasional.

BLR normally used in conventional loan package while BFR normally used in Islamic loan package. However, most of the time BLR & BFR figures are the same.

The table below show the latest BLR or BFR rate for most of banks in Malaysia as at 12th March 2010. This table is no longer maintained. The latest rates can be found on this page.

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CIMB Max InvestSave Investment Funds

CIMB Max InvestSave is a long-term investments which allow the investor to meet future financial needs such as retirement, education fund or to protect from inflation. It was launched on October 2008

Unlike ordinary investment funds, Max InvestSave locks-in the highest returns refer by Reference Index Value (RIV) achieved during the chosen tenure. At maturity, you are protected on your maximum returns as well as from any adverse fluctuations that may have occurred. The graph below explain the concept.

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