Malaysian Islamic banks are unusually good at printing their term deposit rates. Of the seventeen banks we crawled on August 6, 2026, thirteen publish a full tenor grid with an effective date. That makes term deposit-i products one of the few corners of Islamic finance where you can genuinely comparison-shop from your sofa. This guide collects every published grid, flags the two banks that print nothing, and explains when a promotional rate is worth chasing.
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The 12-month league table
Twelve months is the tenor most savers actually use, so we rank on it. Board rates first, promotions after, because promotions expire and board rates are what you renew into.
| Bank | 12-month rate (p.a.) | Minimum | Effective date |
|---|---|---|---|
| Agrobank FRIA-i | 2.50% | Not printed with rate | 1 Jan 2026 |
| Al Rajhi TD-i (via app) | 2.50% (2.30% board + 0.20% app bonus) | RM500 from 3 months | Crawled 6 Aug 2026 |
| Alliance Term Deposit-i | 2.45% | Per PDS | 15 Jul 2025 |
| Bank Rakyat Term Deposit-i | 2.30% | RM500 from 2 months | Crawled 6 Aug 2026 |
| OCBC Al-Amin Fixed Deposit-i | 2.10% | Per rates page | 1 Jan 2026 |
| MBSB Term Deposit-i | 2.10% | RM500 | Crawled 6 Aug 2026 |
| HSBC Amanah Term Deposit-i | 2.00% | RM1,000 from 2 months | 8 Jun 2026 |
| Bank Muamalat Fixed Term Account-i | 2.00% | RM1,000 from 2 months | 28 Jul 2025 |
| CIMB Fixed Deposit-i | 1.90% (2.05% at 36-60 months) | RM1,000 from 2 months | 19 Jun 2026 |
| RHB Commodity Murabahah Deposit-i | 1.90% | Per PDS | 22 Apr 2026 |
| Public Islamic Term Deposit-i | 1.85% (2.00% at 13-60 months) | RM1,000 from 2 months | 5 Aug 2026 |
| Hong Leong Islamic Fixed Deposit-i | 1.80% (2.00% at 13-60 months) | RM500 from 2 months | 1 Aug 2026 |
Two notable absences. Maybank Islamic's Islamic Fixed Deposit-i names its Murabahah contract cleanly but prints no current rate anywhere crawlable; the bank's legacy rates page is dated 2015, so you must ask at branch. Bank Islam's Term Deposit-i Tawarruq has the deepest structural disclosure of any deposit page in Malaysia, naming Crude Palm Oil as the traded commodity and printing the brokerage treatment, but it also leaves the rate card off the page.
The promotional layer: up to 3.80%
Promotional rates sit well above every board grid, and they come in two flavours: gated and ungated.
The gated kind demands a relationship. Standard Chartered Saadiq's Term Deposit-i promo paid 3.75% p.a. for 12 months at our crawl, but only for new-to-Priority Private customers or buyers of RM200,000 in wealth products, with a RM60,000 minimum placement. The 3.60% tier requires new Priority Banking status or RM200,000 in wealth assets under management. These rates price the acquisition of your wealth relationship, not your deposit.
The ungated kind just wants you in the app. Al Rajhi Bank Malaysia adds an automatic 0.20% p.a. to board rates for placements made through its MY alrajhi app, no conditions, taking 12-month money from 2.30% to 2.50%. On top of that, campaign rates reached 3.80% p.a. for 12 months at our August 6, 2026 crawl. AEON Bank's Term Deposit-i ran a 3.08% p.a. 6-month promotional rate on the same date, with no wealth conditions at all.
Our rule of thumb: take an ungated promo if the tenor suits you, but check what the placement renews into, because auto-renewal happens at prevailing board rates, not the promo.
Reading the grids beyond twelve months
Long tenors reshuffle the table. CIMB's 2.05% at 36 to 60 months is the highest printed long-tenor rate among the big six, but Public Islamic and Hong Leong Islamic both reach 2.00% from just 13 months, which is a much shorter commitment for nearly the same rate. Agrobank's FRIA-i holds 2.50% flat from 12 through 60 months, the highest published board rate in the market, with the caveat that Agrobank sits outside PIDM as a development financial institution.
Short tenors barely pay. One-month money earns 1.65% at Hong Leong Islamic, 1.70% at Public Islamic and 1.75% at CIMB and RHB. If your horizon is under three months, a high-tier savings account like Public Islamic's ForU2Save (2.10% on the first RM50,000) or KAF Digital Bank's weekly hibah likely beats a term placement, with full liquidity. Compare the options in our savings accounts roundup.
Features that matter as much as the rate
- Partial withdrawal without losing profit on the remainder: CIMB's Fixed Deposit-i (RM1,000 multiples) and Hong Leong Islamic's Fixed Deposit-i (minimum RM3,000 withdrawal) both allow it. Bank Islam's TDT-i does not allow partial withdrawal at all.
- Monthly payout for income: Bank Rakyat pays monthly profit on placements of RM5,000 or more with 6-month-plus tenures; MBSB prints separate monthly and quarterly payout grids; CIMB has a monthly return variant.
- Profit paid upfront: CIMB's Why Wait variant pays the profit on day one at 1.75% to 1.90%; Affin Islamic offers upfront payment from RM10,000.
- Lowest entry: RM500 gets you into Bank Islam, Hong Leong Islamic, Affin Islamic, Bank Rakyat, MBSB and Al Rajhi (from 3 months). Bank Muamalat's Sijil Simpanan Islamik takes RM10.
- Early-exit clarity: HSBC Amanah publishes its ibra (rebate) rules for early withdrawal in full, including separate treatment for placements before and after 1 March 2025. Bank Islam quantifies the cost: zero profit plus 50% of third-party brokerage.
Two niches worth knowing: children and foreign currency
Children's term deposits quietly out-pay adult ones. Hong Leong Islamic's Junior Fixed Deposit-i prints up to 2.05% at 13 to 60 months, the highest printed junior term rate among the big six and a nose ahead of the same bank's 2.00% adult ceiling. Parents building education funds should compare junior variants before defaulting to adult products.
For savers with currency views, CIMB publishes foreign currency fixed deposit-i rates alongside its ringgit grid, with the USD 12-month rate at 4.10% p.a. effective 28 July 2026. Currency risk is real and can swamp the yield difference, but the option exists inside an Islamic wrapper, which few savers realise.
The Islamic yield penalty is a myth here
A persistent worry among savers is that choosing the Islamic counter means accepting a lower rate. RHB provides the cleanest evidence against that: its Commodity Murabahah Deposit-i grid, effective 22 April 2026, matches RHB's conventional fixed deposit board rates at every printed tenor. The contract differs, the yield does not. RHB Islamic prints both tables side by side on the same rates page.
All the deposits above except Bank Rakyat's and Agrobank's are PIDM-protected up to RM250,000 per depositor per member bank, with Islamic deposits counted separately from conventional deposits at the same group. That separation is a real planning tool, and we cover it in our PIDM protection guide.
Frequently asked questions
How can an Islamic term deposit promise a fixed rate?
Because the return is a sale price, not interest. Under Tawarruq or Commodity Murabahah, your money buys a commodity that the bank buys back at cost plus an agreed profit, payable at maturity. The profit is fixed the moment the trade executes, which is why the rate can be printed and guaranteed. Al Rajhi and Bank Islam both explain the full chain on their product pages, down to the commodity and the agent.
What happens if I break a term deposit-i early?
Typically you receive your principal and forfeit some or all profit, applied through an ibra (rebate) on the sale price. The specifics vary: Bank Islam pays zero profit and charges half the broker fee, HSBC Amanah publishes a dated rules table, and CIMB and Hong Leong Islamic simply let you withdraw part without touching the rest. Read the PDS before placing.
Compare providers in your state
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
Should I chase the highest rate across multiple banks?
Splitting placements across banks also multiplies your PIDM cover, since the RM250,000 limit applies per member bank. A saver with RM750,000 can hold fully protected deposits at three banks. Laddering tenors across the best grids is the standard approach; see our rate-stacking guide for a worked plan.