Hong Leong Islamic Bank Current Account-i
Islamic Bank Accounts in Sarawak
Hong Leong Islamic Bank's chequing account on the same explained-Tawarruq structure as its deposits: minimum initial deposit RM500, open to Malaysians and non-Malaysians 18+, societies, small businesses (sole proprietors, partnerships), clubs, associations and schools, with 24/7 digital banking via Hong Leong Connect and monthly e-statements. Member of PIDM, protected up to RM250,000 per depositor (crawled hlbislamic.com.my 2026-08-06).
A clean, honest Islamic chequing account with the cluster's lowest entry bar at RM500 and its trademark on-page Tawarruq explanation. Businesses holding large float should compare RHB Islamic's profit-paying current account tiers; for straightforward personal or small-business chequing under the Hong Leong ecosystem, this does the job.
Pros
- Lowest current account opening deposit in the cluster (RM500 vs PIB's RM3,000)
- Same standout contract transparency as the rest of HLISB's shelf
Cons
- No printed profit tiers (RHB pays up to 1.00% on chequing balances)
- No cheque-book or fee specifics in the page text; the fees list is a separate document
Open Account
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Product Details
Account Type
Current account
Min Deposit
RM500
Structure
Tawarruq structure; page does not print profit tiers
Hong Leong Islamic Bank in Sarawak
Hong Leong Islamic Bank's Current account serves customers in Sarawak. 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. Hong Leong Islamic Bank operates across Malaysia, so Sarawak residents have full access to this product.
Shariah Compliance & Oversight
Hong Leong Islamic Bank names its Shariah Committee on the Shariah governance page: Prof. Dr. Rusni binti Hassan (Chairperson; IIUM Institute of Islamic Banking and Finance professor and one of Malaysia's best-known female Shariah scholars), Assoc. Prof. Dr. Amir bin Shaharuddin and Encik Imran bin Mohammad Khayat. The committee is supported by dedicated internal functions for Shariah Review, Shariah Research and Secretariat, Shariah Audit and Shariah Compliance Risk Management, in line with BNM's Shariah Governance Framework (hlbislamic.com.my/en/personal-i/about-us/shariah-governance/introduction.html, crawled 2026-08-06).
2026-08-06
Why It's Halal
Same page-level Tawarruq education as the savings account (agency purchase, sale at profit, third-party cash sale), with organisational accounts screened for Shariah-compliant activities. Oversight: HLISB's Shariah Committee chaired by Prof. Dr. Rusni Hassan, backed by dedicated Shariah Review, Research, Audit and Compliance Risk functions (crawled hlbislamic.com.my 2026-08-06).
Regional Availability
Hong Leong Islamic Bank serves all of Malaysia
✓ Available nationwide including Sarawak
Open Account: Hong Leong Islamic Bank
Visit Hong Leong Islamic Bank's website to get current terms, check eligibility for Sarawak, and get started today.
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NationwideFrequently Asked Questions
What is Hong Leong Islamic Bank Current Account-i?
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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.