3 in 1 Junior Account - i
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
Islamic Banking avoids interest-based transactions (Riba), and instead introduces the concept of buying something on the borrower’s behalf, and selling it back to the borrower at profit.
HOW DOES IT WORK
HOW DOES IT WORK


MORE INFORMATION
Minimum 2 account holders: one must be “Beneficiary” status, and below 18 years of age.
The trustee(s) must be the junior’s parent(s) or legally-appointed guardian(s). Legal guardian(s) should be the person who has been assigned to take care of Junior, in a court of law, and must have the legal documentation as proof.
The parent(s) or legal guardian(s) will remain as primary account holder and will conduct all transactions on behalf of the Beneficiary (Junior).
(wef 10/07/2020)
Balance Tier |
New profit rates |
---|---|
First RM50,000 |
1.50% p.a. |
Above RM50,000 |
0.00% p.a. |