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AFFIN ISLAMIC Foreign
​​​​​​​Currency Term Deposit-i

Features & Benefits

Shariah Compliant

Based on Shariah principles of Wakalah with underlying Commodity Murabahah.

Range of Currencies

Selection of major currencies, including USD, AUD, GBP, NZD, and SGD.

Flexible Tenure

Flexibility to choose a tenure between 7 days up to 365 days, 1, 3, 6, 9 and 12 months.

Brokerage Fee 

Brokerage fee is waived.

Eligible for Protection by PIDM

Protected by PIDM up to RM250,000 for each depositor.

Eligibility

  • Sole Proprietor
  • Partnership
  • Limited Liabilities Partnership (LLP)
  • Private Limited Company


Documents and Requirements

Sole Proprietorship/Partnership/Limited Liability Partnership (LLP)

  •  Minimum placement amount of USD3,000 or equivalent
  • MyKad/Passport for Business Owner/Partners & Authorised Signatories
  • Business Registration Information Form
  • Form D (Business Registration) with the latest information
  • Trading License (for East Malaysia only)
  • LLP Corporate Profile (extracted from Suruhanjaya Syarikat Malaysia ("SSM")(for LLP only)
  • Notice of Registration from Registrar of LLP (for LLP only)
  • LLP Agreement (for LLP only)
  • LLP Mandate Form signed by all partners (for LLP only)
  • Letter of Indemnity (for Sole Proprietor’s ATM cardholder)
  • Letter of Authorisation to indicate the intention to open account and manner of operating the account (for Partnership/LLP only)
  • ​​​​​​​Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
  • Practising Certificates (for professional firms)
  • Registration of Firm with professional association & registration authorities (for professional firms)

Company Incorporated BEFORE 31/1/2017

  • Minimum placement amount of USD3,000 or equivalent
  • MyKad/Passport for Directors & Authorised Signatories
  • Memorandum & Articles of Association ("M&A")
  • Certificate of Incorporation - Form 9
  • Particulars of Directors - Form 49
  • Return of Allotment of Shares - Form 24
  • Resolution of Board of Directors
  • Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
  • Practising Certificates (for professional firms)
  • Registration of Firm with professional association & registration authorities (for professional firms)

Company Incorporated AFTER 31/1/2017

  • Minimum placement amount of USD3,000 or equivalent
  • MyKad/Passport for Directors & Authorised Signatories
  • Notice of Registration by Suruhanjaya Syarikat Malaysia ("SSM")
  • Memorandum & Articles of Association ("M&A") (optional)
  • Section 14, Application for Registration of Company
  • Section 17, Certificate of Incorporation of Private Company
  • Section 15 - Notification of Registration or Section 41(3) - Notice of Conversion, or Section 17 - Certificate of Incorporation
  • Section 58 - Notification of Change in the Register of Director, Manager and Secretaries (if available)
  • Section 58 & 236 (2), Notification of Appointment of the First Company Secretary (if available)
  • Resolution of Board of Directors
  • Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
  • Practising Certificates (for professional firms)
  • Registration of Firm with professional association & registration authorities (for professional firms)

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Protected by PIDM up to RM250,000 for each depositor

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