The Hong Leong Savings-i is a capital-guaranteed deposit account that gives you a fixed return, and adopts the Shariah principle of *Tawarruq.
*Tawarruq refers to an arrangement which consists of multiple sale and purchase transactions. With this product, the Customer(s) will purchase the Commodity at the Purchase Price (an amount equivalent to the customer’s Net Deposit) from a supplier and thereafter, sell the Commodity to HLISB at the Selling Price (which comprises the Purchase Price and the profit) on the basis of Murabahah which shall be paid to the Customer(s) at the end of the tenure (after taking into consideration rebates, if any). HLISB shall thereafter sell the Commodity to a third party on a cash basis.
Eligible deposit insured by PIDM