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Special Investment Account (“SIA”) |
| Mudharabah-based investment product that allows investors to enjoy MYR return based on profit-sharing on CIMB Islamic’s rate of return – customers will be enjoying and riding good growth performance of CIMB Islamic. The fixing of the rate of return is done on monthly basis. Hassle free investment: no opening of account needed, premature withdrawal with no penalty, tenor range from a day to a year. |
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Commodity Murabahah Deposit (“CMD”) |
| Murabahah-based investment product that allows investors lock in a fixed MYR rate of return. A choice of certainty return same as conventional deposit. Commodity transaction to facilitate the deposit transaction will be done by CIMB Islamic. Hassle free investment: no opening of account needed, premature withdrawal with no penalty, tenor range from a day to a year. |
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Islamic Negotiable Instruments (“INI”) |
| INI covers two instruments, as follows:
- Negotiable Islamic Debt Certificate (“NIDC”)
Bai’ Bithaman Ajil (“BBA”) based investment product in which investors would obtain a certificate evidencing that a certain amount of money has been deposited with the issuing bank at an agreed MYR profit rate and payable at a specified future date. The certificates can be easily liquidated to raise cash before maturity date. - Islamic Negotiable Instruments of Deposit (INID)
Mudharabah-based investment product in which investors would obtain a certificate evidencing that a certain amount of money has been deposited with the issuing bank at an agreed MYR profit sharing ratio and payable at a specified future date. The certificates can be easily liquidated to raise cash before maturity date. Upon maturity date, actual dividend shall be declared based upon issuing Bank’s rate of return.
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Bank Negara Monetary Notes-i (“BNMN-I”) |
| Islamic securities issued by Bank Negara Malaysia for purposes of managing liquidity in the Islamic financial market –- new issuances may be issued either on a discounted or a coupon-bearing basis depending on investors' demand. |
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Malaysia Islamic Treasury Bills (“MITB”) |
| Islamic securities issued by Bank Negara Malaysia on behalf of Government of Malaysia on a discounted basis. |
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Islamic Accepted Bills (“IAB”) |
| An instrument that is drawn to finance trade: imports, exports & domestic. It is formulated based on the Shariah concepts of Murabahah (cost-plus) & Bai al-Dayn (debt trading) at creation, and based on Bai al-Dayn when traded on secondary market thereafter. Investors can invest in these instruments to earn higher MYR yield for surplus funds (subject to availability) |
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Foreign Currency Commodity Murabahah Deposit (“FCCMD”) |
| Murabahah-based investment product that allows investors lock in a fixed rate of return for foreign currency investments. |
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Foreign Currency Al-Wadiah (“FCWAD”) |
| Wadiah-based deposit product that allows investors to place foreign currencies with CIMB Islamic Bank for safe-keeping, and the Bank shall distribute profit, if any, as hibah upon maturity. |
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Current Account-i
