Bank Muamalat Malaysia Fixed Term Account-i
Islamic Bank Accounts in Selangor
Islamic fixed term account from Bank Muamalat with a full published rate table effective 28 July 2025: 1.80% p.a. at 1-2 months stepping to 2.10% p.a. at 36-60 months. Minimum RM5,000 for 1 month, RM1,000 from 2 months.
Muamalat's FTA-i is about disclosure, not chart-topping rates: every tenor from 1 to 60 months is printed with an effective date, and the RM10 Islamic savings certificate gives small savers a genuine entry point. At 2.00% for 12 months it sits mid-table - fine for loyalty, beatable elsewhere. Crawled 6 Aug 2026.
Pros
- Dated on-page table across all 16 tenor points - full transparency
- RM10-entry Sijil Simpanan Islamik is a rare micro-saver option
- Online eFTA-i variant for digital placement
Cons
- Rates trail Alliance (2.45% at 12 months) and Bank Rakyat (2.30%) on most tenors
- 1.80% short-tenor rates are bottom of this cluster
Open Account
Visit Bank Muamalat Malaysia's website to learn more and get started.
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Bank Muamalat Malaysia in Selangor
Bank Muamalat Malaysia's account serves customers in Selangor. 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 Selangor 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
Offered by full-fledged Islamic Bank Muamalat with profit rates pre-determined upfront and the complete tenor table published with an effective date - the fixed, disclosed return that defines a compliant term deposit. The companion Sijil Simpanan Islamik (from RM10) is also published. PIDM-protected. Crawled 6 Aug 2026.
Regional Availability
Bank Muamalat Malaysia serves all of Malaysia
✓ Available nationwide including Selangor
Open Account: Bank Muamalat Malaysia
Visit Bank Muamalat Malaysia's website to get current terms, check eligibility for Selangor, and get started today.
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Compare With Other Options in Selangor
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NationwideFrequently Asked Questions
What is Bank Muamalat Malaysia Fixed Term Account-i?
Why is Bank Muamalat Malaysia Fixed Term Account-i considered halal?
Is Bank Muamalat Malaysia Fixed Term Account-i available in Selangor?
What Shariah oversight does Bank Muamalat Malaysia have?
What financing structure does Bank Muamalat Malaysia Fixed Term Account-i use?
How do I apply for Bank Muamalat Malaysia Fixed Term Account-i in Selangor?
Which Islamic banks operate in Selangor?
Does zakat paid in Selangor reduce my income tax?
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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.