4 articles tagged “Pidm”

No single Islamic bank wins everything. Bank Islam prints the lowest home financing rate, Al Rajhi the best digital savings tiers, Alliance Islamic the best term deposit grid, and Maybank Islamic the widest reach.

The advantages of takaful in Malaysia are specific: surplus sharing, hibah nomination, PIDM protection to RM500,000, tax relief parity and IFSA 2013 oversight. The drawbacks are specific too. Both, with documents.

Al Rajhi Bank Malaysia's DuitPlus Savings Account-i pays tiered Tawarruq profit from 0.67% to 3.50% a year, with Savings Pots at 3.08%. We check the tiers, the MY alrajhi app, Term Deposit-i and PIDM cover.
Islamic deposits get their own RM250,000 of PIDM cover, separate from conventional deposits at the same bank. Two popular Islamic institutions sit outside the scheme entirely.