AEON Bank Term Deposit-i
Islamic Bank Accounts in Kuala Lumpur
In-app Islamic term deposit from AEON Bank with a promotional 6-month rate of 3.08% p.a. at crawl date, flexible tenures, choice of profit payment mode, and PIDM protection - opened in three taps from the app.
At crawl, AEON's 3.08% for 6 months was the best genuinely unconditional Islamic deposit rate in Malaysia's second-tier market - no AUM hurdles, no app-exclusive asterisks beyond having the app itself. Digital-bank promos move fast, so treat the number as a snapshot and check in-app. Crawled 6 Aug 2026.
Pros
- 3.08% at 6 months beats every unconditional rate in this cluster
- No wealth-AUM or Priority conditions (contrast Saadiq's 3.75% gating)
- PIDM protection equal to any branch bank
Cons
- Promotional - verify the current rate in-app before placing
- App-only; early-uplift terms per PDS
Open Account
Visit AEON Bank's website to learn more and get started.
See pricing & termsOpens AEON Bank's site, no obligation
AEON Bank in Kuala Lumpur
AEON Bank's account serves customers in Kuala Lumpur. Malaysian Islamic accounts pay contracted Tawarruq profit or discretionary hibah depending on the underlying contract, never interest. Deposits at PIDM member banks are protected up to RM250,000 per depositor per member bank; check each provider's membership status, which our profiles document. AEON Bank operates across Malaysia, so Kuala Lumpur residents have full access to this product.
Our Take on AEON Bank
The inclusion-and-automation leader: AEON Bank pairs the cluster's best unconditional promo rates with genuinely inclusive financing eligibility, all PIDM-protected. Promo dependence and app-only service are the structural caveats.
How AEON Bank Works
Onboard in three steps
eKYC in-app, open the Savings Account-i, activate with a RM1 transfer.
Automate pots
Create up to 20 goal pots, enable round-up, and capture the 3.00% promo rate.
Ladder the TD promo
6-month placements at 3.08% (verify current in-app rate) out-yield branch boards.
Apply for PF digitally
Gig/commission income accepted; rate arrives with your offer - compare before accepting.
Financing Structure
An institutionally Islamic digital bank: every product is Shariah-governed with contracts detailed in each PDS, overseen by the committee and layered internal Shariah functions. Deposit rates split explicitly into promotional and prevailing tracks.
In-Depth Analysis
AEON Bank (M) Berhad, backed by AEON Financial Service, launched as Malaysia's first Islamic digital bank under BNM's digital banking licensing round. Its Shariah page describes an institutionally Islamic setup: a committee with expertise spanning Fiqh, Usul al-Fiqh, fintech and Islamic finance, supported by dedicated Shariah risk management, review and audit functions covering operations, branding, marketing, legal documentation and product structures. Reported committee membership is chaired by Ustaz Wan Rumaizi Wan Husin - who also chairs Agrobank's committee - with Khairil Anuar Mohd Noor, Imran Mohammad Khayat and Dr. Md Faruk Abdullah. Crawled 6 Aug 2026.
The deposit proposition is promo-led but honestly presented: the Savings Account-i table separates promotion (Savings Pot 3.00% p.a.) from prevailing (0.25%) rates, and the Term Deposit-i showed a 3.08% six-month promotional rate at crawl. Up to 20 Savings Pots with round-up automation, a category-based budget tracker, DuitNow QR and a Debit Card-i complete an app experience that no branch bank in this cluster approaches. PIDM protection applies as at any member bank.
Personal Financing-i is the segment story: RM1,000 to RM100,000 over 3 to 84 months, for Malaysians 18-55 earning RM2,500+ gross - with gig workers and commission-based earners explicitly welcomed, differentiated documentation for self-employed applicants, and disbursement to the AEON savings account within minutes of approval. Pricing is offer-based, the main transparency gap.
Shariah Compliance Details
- Licensed Islamic digital bank under IFSA 2013; PIDM member
- Shariah Committee (reported): Ustaz Wan Rumaizi Wan Husin (Chairman), Khairil Anuar Mohd Noor, Imran Mohammad Khayat, Dr. Md Faruk Abdullah; internal Shariah risk, review and audit functions described
- Promotional vs prevailing rate separation on all deposit pages
How AEON Bank Compares
Against KAF, AEON offers a fuller bank (TD, financing, budgeting) while KAF pays more on the first RM2,000. Against Al Rajhi, AEON's rates are simpler but its shelf is shallower. Branch banks beat it only on human service and rate permanence.
5.00% weekly hibah on the first RM2,000 - better for micro-balances.
Comparable app yields with a full financing shelf behind them.
3.00% effective for salary behaviour, with branches.
Bottom Line
AEON Bank is the strongest all-round Islamic digital bank in Malaysia today - best-in-class automation and inclusion, with the standard digital-bank caveat that promos, not prevailing rates, carry the yield.
Read full AEON Bank reviewShariah Compliance & Oversight
Overseen by AEON Bank's Shariah Committee with expertise in Fiqh and Usul al-Fiqh, fintech and Islamic finance (bank's Shariah page, crawled 6 Aug 2026); reported membership includes Chairman Ustaz Wan Rumaizi Wan Husin with Khairil Anuar Mohd Noor, Imran Mohammad Khayat and Dr. Md Faruk Abdullah. AEON Bank (M) Berhad is Malaysia's first Islamic digital bank, licensed by BNM under IFSA 2013 and a PIDM member.
2026-08-06
Why It's Halal
A term deposit at Malaysia's first licensed Islamic digital bank, where every product is Shariah-governed under a BNM-approved committee; the page links its Shariah concept explainer and PDS, and separates promotion from prevailing rates. PIDM member. Crawled 6 Aug 2026.
Regional Availability
AEON Bank serves all of Malaysia
✓ Available nationwide including Kuala Lumpur
Open Account: AEON Bank
Visit AEON Bank's website to get current terms, check eligibility for Kuala Lumpur, and get started today.
See pricing & termsOpens AEON Bank's site, you're not committing to anything
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NationwideFrequently Asked Questions
What is AEON Bank Term Deposit-i?
Why is AEON Bank Term Deposit-i considered halal?
Is AEON Bank Term Deposit-i available in Kuala Lumpur?
What Shariah oversight does AEON Bank have?
What financing structure does AEON Bank Term Deposit-i use?
How do I apply for AEON Bank Term Deposit-i in Kuala Lumpur?
Why is Kuala Lumpur central to Malaysian Islamic finance?
Who administers zakat in Kuala Lumpur?
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.