RHB Islamic Bank Review - Halal Finance Products

RHB Islamic's cashback credit card with a printed tier table: monthly retail spend of RM2,500+ earns 5% cash back on petrol, dining, utilities and groceries and 10% on online dining/groceries (0.2% on other spend), with lower tiers at 2%, 1% and 0.2%, each category capped at RM10 per month. Smart Services include Smart Pay auto bill payment, Smart Move balance transfer from other cards, Smart Instalment at 0% profit up to 36 months, and CashXcess cash withdrawal up to 36 months. First year annual fee free, then RM70 (waived with RM10,000 annual spend); supplementary cards free. Minimum age 21, minimum income RM24,000 per annum (crawled rhbgroup.com 2026-08-06).

RHB Islamic's civil servant personal financing: up to RM300,000 over up to 10 years with a variable profit rate printed 'as low as 5.25% p.a. (equivalent to Flat Rate 2.77% p.a.)', no guarantor required, payout ratio up to 98%, and repayment by auto debit. Eligibility: federal and state government and selected GLC employees, Malaysian citizens aged 18 to 58 at end of tenure, minimum income RM2,000 including fixed allowances. Payment tables for board and promo rates, with and without Takaful, are published on the page along with the PDS (crawled rhbgroup.com 2026-08-06).

RHB Islamic's auto financing on a hire-and-purchase basis ('we buy your dream car, and hire it out to you'), covering new, used and unregistered reconditioned vehicles with up to 90% margin of financing and tenure up to 108 months (9 years). The standard Vehicle Financing-i (Variable Rate) calculates profit on a reducing balance (daily rest) method; the VF-i Flexi Redraw variant adds profit charge discounts of up to 50% of the total financing amount, a redraw option on excess payments and no exit fee on early settlement. Eligible: individuals 18+, sole proprietorships, partnerships and companies, with guarantor requirements for applicants under 21 or over 60 and non-Malaysians (crawled rhbgroup.com 2026-08-06).

RHB Islamic's diminishing partnership mortgage: the page states that 'by adopting the concept of Ijarah and Musyarakah Mutanaqisah, you will rent the Bank's portion of the property and slowly gain full ownership of your home as you purchase more and more Musyarakah units'. It carries a redraw facility on excess or partial payments, minimum financing RM100,000, margin of 90% plus up to 10% for MRTT/MLTT and entry costs (FEC capped at 5%), tenure 5 to 35 years or age 70, for new purchases, refinancing and completed properties. Optional top-up available with good payment record. Open to residents and non-residents 18+ (crawled rhbgroup.com 2026-08-06).

RHB Islamic's Tawarruq home financing for under-construction purchases, completed purchases and refinancing: the page explains that 'through Tawarruq, you pay us the deferred sale price of a commodity and get cash proceeds when the commodity is sold to help finance your home'. Margin of financing is 90% plus up to 10% for MRTT/MLTT and financing entry costs (FEC capped at 5%), minimum financing RM30,000, tenure 5 to 35 years or age 70. Open to residents and non-residents 18+, joint accounts allowed, no location cap within Malaysia. RHB's Islamic rates page prints the full pricing stack: SBRI 2.75% (effective 11 July 2025), home financing board rates from SBRI + 3.05% (effective 5.80%) for RM1,000,000+ down to SBRI + 3.60% (effective 6.35%) under RM250,000, and a standard home financing indicative rate of 4.50% for RM350,000 over 30 years with no lock-in (crawled rhbgroup.com 2026-08-06).

RHB Islamic's chequing account family with printed profit tiers effective 28 August 2025: the standard Current Account-i offers two options, with Option 2 paying 0.55% p.a. on balances up to RM500,000, 0.70% to RM1,000,000 and 1.00% above RM1,000,000 (Option 1 pays 0.00% across tiers). The Premier Current Account-i pays up to 1.70% p.a. on balances above RM1,000,000 under a split-tier calculation method introduced 1 February 2024. PIDM protected (crawled rhbgroup.com 2026-08-06).

RHB Islamic's term deposit with the contract in its name: effective rates printed on RHB's Islamic rates page effective 22 April 2026 are 1.75% p.a. for 1 to 3 months, 1.85% for 4 to 5 months, 1.90% for 6 to 12 months, and negotiable above 12 months. The page notes all rates are based on previous or historical distribution rates and that the deposit sits within RHB's Commodity Murabahah (CM) deposit product family. RHB is a PIDM member bank (crawled rhbgroup.com 2026-08-06).

RHB Islamic's everyday savings account with profit rates printed on RHB's rates page effective 28 August 2025: 0.00% up to RM20,000, 0.05% to RM50,000, 0.10% to RM100,000 and 0.20% above RM100,000. The same Islamic rates page also prints the RHB Children Account-i (1.75% on the first RM50,000), Basic Savings Account-i (flat 0.25%, effective 24 June 2020) and the RHB Smart Account-i with 0.00% base rate plus bonus rates up to 6.60% p.a. effective 1 January 2026 for qualifying behaviour. RHB Bank Berhad is a PIDM member and publishes its PIDM DIS brochure and list of insured deposits site-wide (crawled rhbgroup.com 2026-08-06).

RHB Islamic's open-market personal financing for private sector employees: up to RM150,000 over up to 7 years at a variable profit rate printed 'as low as 14.00% p.a. (equivalent to Flat Rate 7.62%)', with repayment via salary transfer and auto debit, and debt consolidation as a stated use case. Eligibility: minimum age 21, private sector employees, minimum income RM3,000 per month. PDS, payment tables (board and promo, with and without Takaful) and credit-related Takaful disclosures are published on the page (crawled rhbgroup.com 2026-08-06).