For once, you don’t have to wait until maturity. With Why Wait, you make a deposit today and collect cash immediately. That’s not all! Besides a guaranteed deposit, you also enjoy the fixed profit rate, which is determined upfront.

Why Wait operates according to the concept of Tawarruq and Murabahah in relation to Commodity Murabahah. Thus, rest assured that your money will only be invested in Shariah-compliant activities.

Features and Benefits:
	Investment duration ranges from 1, 2 and 3 months.
	Profit is fixed upfront.
	Instant payment of cash equivalent to the agreed profit will be paid immediately upon sign-up.
	Instant payment can also be made via cheque, demand draft* or funds transfer to a CIMB Islamic Bank or CIMB Bank Savings or Current Account.
	Automatic renewal for value-added investment
	Option to pledge the certificate of deposit as security for financing facilities. (This is applicable for financing facilities under CIMB Islamic Bank and CIMB Bank only).

Terms and Conditions Apply

Eligibility:
	All business enterprises and corporations

Requirement:
	Minimum deposit placement of RM10,000 for a short tenure of 1, 2 or 3 months, with deposit increments in multiples of RM1,000.
	Document Required :
		Partnership
		i)	Original Identity Cards of Partners.
		ii)	Original Business Reg. Form A or B + D.
		iii)	Bank’s Partnership Mandate Form.
		iv)	Obtain photocopies of Identity Cards of all Partners & Business Reg. Forms.
		Clubs/Associations/Societies and Mosques & Other Religious Bodies.
		Certified copy of :
		i)	Resolution of Committee Members authorising opening of account & list of authorised signatories.
		ii)	Authority letter for Clubs/Societies.
		iii)	Rules & Regulations of Clubs/ Associations including by-laws.
		iv)	Obtain photocopies of Identity Cards of all authorised signatories.
		Limited Companies (Sdn Bhd).
		Certified copy of :
		i)	Resolution from Board of Directors (signed/certified by Co. Sec.) to open account & list of authorised signatories.
		ii)	Form 24-Return of Allotment of Shares.
		iii)	Form 49-Particulars of Directors.
		iv)	Memorandum & Articles of Association - Certificate of Incorporation.
		v)	Certificate of Authority (for Public Ltd. Co. only).
		vi)	Obtain photocopies of Identity Cards of all authorised signatories.
		Executors & Administrators
		i)	Grant of Probate (Executors)/Letter of Administration (Administrators).
		ii)	Identification documents of Executors & Administrators.
		Government & Local Authorities
		i)	Letter of authority from Federal / State Government department or local authority to open account & list of authorised signatories including their specimen signatures.
		ii)	Obtain photocopies of Identity Cards of all authorised signatories.
		Representative Office Account.
		Certified copy of :
		i)	Resolution from the Rep. Office’s Head Office to set up office and open account.
		ii)	Letter from Rep. Office’s Head Office bankers (overseas) certifying resolution & existence of Head Office.
		iii)	Letter of approval from the relevant local authority to set up office in Malaysia.
		iv)	Obtain photocopies of Identity Cards/ Passports of all authorised signatories.
		Private Schools/Colleges.
		Certified copy of :
		i)	Resolution of Board of Directors to open account and list of authorised signatories - Form 24- Return of Allotment of Shares.
		ii)	Form 49-Particulars of Directors.
		iii)	Memorandum & Articles of Association.
		Government Schools
		i)	Request letter to open account issued by the State Education Department.
		ii)	Certified copy of Board of Governors’ resolution to open account & list of authorised signatories.
		iii)	Obtain photocopies of Identity Cards of all authorised signatories.
		Joint Venture Account.
		Certified copy of :
		i)	Resolutions from all JV partners to open account & list of authorised signatories.
		ii)	Joint venture agreement.
		iii)	Memorandum & Articles of Association of all JV partners (local or foreign).
		iv)	Form 24-Return of Allotment of Shares.
		v)	Form 49-Particulars of Directors.
		vi)	In the case of foreign company, a letter from the foreign company’s bankers certifying the resolution, memorandum & existence of company.
		vii)	Obtain photocopies of Identity Cards/ Passports of all authorised signatories.

Terms and Conditions Apply