48 SMART: KFH Junior International Commodity Murabahah Deposit-i Promotion
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Wednesday, 24 July 2013

KFH Junior International Commodity Murabahah Deposit-i Promotion

Other than Bank Rakyat, Kuwait Finance House is another islamic bank that gives high profit rate on term deposit. There are currently 2 term deposit promotions offered by KFH, namely the Junior ICM Deposit-i and the International Commodity Murabahah Deposit-i.

The Junior ICM Deposit-i promotion started from 15th July and ends on 31st October 2013 or upon reaching target of RM 100 million, whichever comes first. The campaign is applicable to individual customers, aged below 18 years, whom are Malaysians and foreigners. To participate, parents/ guardians of the customers are required to open or maintain an In Trust Savings Account or Primary (CASA) for profit payment purposes.

The minimum placement amount for Junior ICM Deposit-i is RM 1000. The profit rate is 3.98% p.a. with tenures of 12 months, 15 months, 18 months, 21 months and 24 months. Upon maturity, principal amount and profit will be credited into customers' CASA. No renewal is allowed.

The ICM Deposit-i promotion is similar to the previous KFH promotion, but with lower profit rate, which is 3.80% p.a. The promotion started from 1st July and ends on 30th September 2013 or upon reaching target of RM 350 million, whichever comes first.

Both Deposit-i products are eligible for protection by PIDM. These two promotions currently offer the highest profit rate in the market.


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