Capital-Guaranteed Deposit Account
Gives you a fixed return, and adopts the Shariah principle of *Tawarruq.
Accessible to Account
We have branches at over 280 locations with more than 200 ATMs and 2,500 MEPS throughout Malaysia.
Profit Calculations
Profit is calculated on a daily basis, credited on a monthly basis
Hassle-Free Services
Which includes 24-hour Electronic Banking, Hong Leong Phone Banking and round-the-clock access to Hong Leong Connect www.hlisb.com.my
“Tawarruq” refers to an arrangement which consists of multiple sale and purchase transactions. With this product, the Customer(s) will purchase the Commodity at Purchase Price from a supplier and thereafter, sell the Commodity to HLISB at Selling Price on the basis of Murabahah (sale with disclosed cost and mark-up) which shall be paid to the Customer(s) at the end of the Tenure (after taking into consideration any rebates, if any). HLISB shall thereafter sell the Commodity to a third party on cash basis. Apart from that, Tawarruq can happen in the form of Musawamah whereby the Customer(s) sell the Commodity to HLISB on the basis of Musawamah. “Musawamah” means a sale contract without the disclosure of the asset cost price and profit margin to the purchaser.
Personal Account/Joint Account
Muslim and non-Muslim individuals aged 18 years and above.
Associations/Societies/Clubs Account
Must be registered with the Registrar of Societies and involved in Shariah-compliant activities.
Protected by PIDM up to RM250,000 for each depositor
Important notice
Please click HERE for the exhaustive list of fees and charges.
- Personal & Joint Account
- Clubs, Societies and Associations
- Initial deposit of RM100.00
- To maintain a minimum balance of RM10.00 at all times
