RHB Islamic Bank Savings Account-i
Islamic Bank Accounts in Melaka
RHB Islamic's everyday savings account with profit rates printed on RHB's rates page effective 28 August 2025: 0.00% up to RM20,000, 0.05% to RM50,000, 0.10% to RM100,000 and 0.20% above RM100,000. The same Islamic rates page also prints the RHB Children Account-i (1.75% on the first RM50,000), Basic Savings Account-i (flat 0.25%, effective 24 June 2020) and the RHB Smart Account-i with 0.00% base rate plus bonus rates up to 6.60% p.a. effective 1 January 2026 for qualifying behaviour. RHB Bank Berhad is a PIDM member and publishes its PIDM DIS brochure and list of insured deposits site-wide (crawled rhbgroup.com 2026-08-06).
RHB Islamic's savings shelf is a barbell: the plain Savings Account-i pays effectively nothing below RM100,000, while the Smart Account-i dangles the cluster's biggest printed number (bonus up to 6.60% p.a. from January 2026) for customers who meet its behaviour conditions. If you will genuinely salary-credit, spend and save to spec, RHB out-earns CIMB's 1.00% top tier; if you want passive yield with no hoops, Public Islamic's ForU2Save (2.10% on the first RM50,000) is the better printed rate.
Pros
- The 6.60% Smart Account-i bonus ceiling is the highest printed deposit number in this six-bank cluster
- Rate transparency: every savings variant has a printed tier table with an effective date
- 1.75% children's tier beats every standard adult savings rate in the cluster
Cons
- Standard Savings Account-i pays 0.00% on the first RM20,000 and tops out at 0.20%
- Smart Account-i bonus conditions are not spelled out on the rates page; the qualifying behaviour lives in the product terms
- Product pages sit behind an account-finder tool rather than static deep pages
Open Account
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Product Details
Account Type
Savings account
Structure
Tiered profit on Commodity Murabahah deposit products, printed with effective dates
RHB Islamic Bank in Melaka
RHB Islamic Bank's Savings account serves customers in Melaka. 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 Melaka 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
These accounts sit on RHB's dedicated Islamic rates schedule, listed separately from the conventional tables and grouped under 'Rates for Commodity Murabahah (CM) Deposit products' alongside the CM Deposit-i, indicating Tawarruq-based deposit contracts rather than interest. Governance comes from RHB Islamic Bank Berhad's five-member Shariah Committee chaired by Azizi Che Seman, profiled in the RHB Integrated Report 2024. Honest caveat: the retail product pages sit behind RHB's account-finder tool and do not restate the contract per account, so the Islamic rates page is the primary crawlable evidence (crawled rhbgroup.com 2026-08-06).
Regional Availability
RHB Islamic Bank serves all of Malaysia
✓ Available nationwide including Melaka
Open Account: RHB Islamic Bank
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NationwideFrequently Asked Questions
What is RHB Islamic Bank Savings Account-i?
Why is RHB Islamic Bank Savings Account-i considered halal?
Is RHB Islamic Bank Savings Account-i available in Melaka?
What Shariah oversight does RHB Islamic Bank have?
What financing structure does RHB Islamic Bank Savings Account-i use?
How do I apply for RHB Islamic Bank Savings Account-i in Melaka?
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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.