RHB Islamic Bank Commodity Murabahah Deposit-i
Islamic Bank Accounts in Kuala Lumpur
RHB Islamic's term deposit with the contract in its name: effective rates printed on RHB's Islamic rates page effective 22 April 2026 are 1.75% p.a. for 1 to 3 months, 1.85% for 4 to 5 months, 1.90% for 6 to 12 months, and negotiable above 12 months. The page notes all rates are based on previous or historical distribution rates and that the deposit sits within RHB's Commodity Murabahah (CM) deposit product family. RHB is a PIDM member bank (crawled rhbgroup.com 2026-08-06).
RHB's CM Deposit-i is the cluster's cleanest demonstration that Islamic deposits need not yield less: its printed grid matches RHB's own conventional FD line for line. The catch is the grid stops at 12 months (1.90%); savers wanting the printed 2.00% to 2.05% long-tenor rates should compare CIMB's Fixed Deposit-i or Public Islamic's Term Deposit-i before negotiating with RHB.
Pros
- Exact rate parity with the conventional book, printed side by side
- Named structure removes any ambiguity about what the deposit is
Cons
- 1.90% ceiling on printed tenures trails CIMB's 2.05% and PIB/HLISB's 2.00% for long tenures
- Above-12-month pricing requires negotiation rather than a printed board rate
Open Account
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Product Details
Account Type
Term deposit (Commodity Murabahah)
Structure
Fixed Commodity Murabahah sale profit by tenure
RHB Islamic Bank in Kuala Lumpur
RHB Islamic Bank's Term deposit (Commodity Murabahah) 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. RHB Islamic Bank operates across Malaysia, so Kuala Lumpur residents have full access to this product.
Shariah Compliance & Oversight
RHB Islamic Bank's Shariah Committee is profiled in the RHB Integrated Report 2024 published on rhbgroup.com: Azizi Che Seman (Chairman, appointed 1 February 2023; also Chairman of Agrobank's Shariah Committee and of the AIBIM Shariah Advisory Committee), Mohd Zubir Awang (appointed 1 April 2023), Dr. Md. Nurdin Ngadimon (appointed 1 May 2022; former Deputy Director, Securities Commission Malaysia), Dr. Abdul Rahman A. Shukor (appointed 1 May 2021) and Assoc. Prof. Dr. Siti Salwani Razali (appointed 1 October 2015). The committee was established under RHB Islamic Bank Berhad pursuant to BNM's Shariah Governance framework (RHB Integrated Report 2024, rhbgroup.com, crawled 2026-08-06).
2026-08-06
Why It's Halal
The product name itself declares the structure (Commodity Murabahah, executed as Tawarruq), and it is printed on the Islamic side of RHB's rates page as a distinct schedule from conventional fixed deposits. Rates carry a 22 April 2026 effective date. Oversight is RHB Islamic Bank's five-member Shariah Committee chaired by Azizi Che Seman (RHB Integrated Report 2024) (crawled rhbgroup.com 2026-08-06).
Regional Availability
RHB Islamic Bank serves all of Malaysia
✓ Available nationwide including Kuala Lumpur
Open Account: RHB Islamic Bank
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NationwideFrequently Asked Questions
What is RHB Islamic Bank Commodity Murabahah Deposit-i?
Why is RHB Islamic Bank Commodity Murabahah Deposit-i considered halal?
Is RHB Islamic Bank Commodity Murabahah Deposit-i available in Kuala Lumpur?
What Shariah oversight does RHB Islamic Bank have?
What financing structure does RHB Islamic Bank Commodity Murabahah Deposit-i use?
How do I apply for RHB Islamic Bank Commodity Murabahah 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.