Bank Muamalat Malaysia Savings Account-i
Islamic Bank Accounts in Putrajaya
Basic Islamic savings account from Bank Muamalat with Tawarruq and Qard variants, paying 0.05% p.a. on all balances (Tawarruq variant carries a 4% ceiling profit rate), RM20 minimum deposit, free debit card and full i-Muamalat digital access. PIDM-protected.
The dual Tawarruq/Qard offering with separate disclosure sheets is the most granular contract transparency in this cluster - savers who care which contract governs their deposit can actually choose. Returns are nominal at 0.05%, so treat it as a transactional account and pair it with the bank's Fixed Term Account-i (to 2.10%) for savings. Crawled 6 Aug 2026.
Pros
- Contract-level transparency (separate Tawarruq and Qard documentation) few banks match
- Genuinely fee-light: free card, free statements, free intra-bank payments
- Full-fledged Islamic bank heritage since 1999
Cons
- 0.05% p.a. is effectively zero return
- eSA-i online variant needed for digital-only opening; branch network smaller than the big six
Open Account
Visit Bank Muamalat Malaysia's website to learn more and get started.
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Bank Muamalat Malaysia in Putrajaya
Bank Muamalat Malaysia's account serves customers in Putrajaya. 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. Bank Muamalat Malaysia operates across Malaysia, so Putrajaya residents have full access to this product.
Shariah Compliance & Oversight
Overseen by Bank Muamalat Malaysia Berhad's Shariah Committee; per BNM's consolidated list of Shariah Committee members (as at 1 June 2021) it was chaired by Azizi Che Seman with Dr. Ahmad Zakirullah Mohamed Shaarani, Dr. Mohd Shahid Mohd Noh, Dr. Muhamad Azhari Wahid and Dr. Yusri Mohamad; see the bank's site for current membership. Full-fledged Islamic bank licensed under IFSA 2013; PIDM member.
2026-08-06
Why It's Halal
Bank Muamalat Malaysia Berhad is one of Malaysia's two original full-fledged Islamic banks (established 1999) - everything it offers is Shariah-compliant under IFSA 2013. The account is offered under both Tawarruq and Qard contracts with separate published terms and PDS documents for each, and the Tawarruq variant's ceiling profit rate (4%) is disclosed on-page. Crawled 6 Aug 2026.
Regional Availability
Bank Muamalat Malaysia serves all of Malaysia
✓ Available nationwide including Putrajaya
Open Account: Bank Muamalat Malaysia
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Compare With Other Options in Putrajaya
44 other bank accounts products available to Putrajaya residents
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NationwideFixed-return Islamic term account (contract per PDS) · Nationwide
NationwideFrequently Asked Questions
What is Bank Muamalat Malaysia Savings Account-i?
Why is Bank Muamalat Malaysia Savings Account-i considered halal?
Is Bank Muamalat Malaysia Savings Account-i available in Putrajaya?
What Shariah oversight does Bank Muamalat Malaysia have?
What financing structure does Bank Muamalat Malaysia Savings Account-i use?
How do I apply for Bank Muamalat Malaysia Savings Account-i in Putrajaya?
What financing advantages do Putrajaya's civil servants have?
How should federal employees in Putrajaya plan halal retirement?
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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.