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Al-Fareed Current Account-i
Al-Fareed Current Account-i
A Flexible Way Yet Profitable To Manage Your Finance
Al-Fareed Current Account-i is a cheque drawing account based on the principles of Mudharabah or Trustee profit sharing. The account is very flexible and easy to maintain and the Al-Fareed Current Account-i also offers attractive returns on your available funds in the account.
Features
  • Al-Fareed Current Account-i may be opened with the following minimum initial deposit:
    • Personal : RM1,000.00
    • Other Organisations : RM5,000.00
  • Dividend for Al-Fareed Current Account-i is calculated daily and will be credited to the account at the end of every month. To be eligible for dividend, the following minimum balance must be maintained in the account at all times:
    • Personal : RM1,000.00
    • Other Organisations : RM5,000.00
  • No fixed deposit interest can be deposited into the Al-Fareed current account-i.
  • An introducer is needed to open an account, except for existing customers or waiver from the Branch Manager.
Benefits Of Al-Fareed Current Account-i
Daily Calculation of Dividend
Your funds will generate income everyday when you and your organization maintain an Al-Fareed Current Account-i with EONCAP Islamic Bank. You will enjoy returns on your available funds monthly when we credit the profit to your account every month.

24-Hours Insurance Coverage
Takaful Insurance coverage will be provided free of charge when you maintain a certain monthly average daily balance of RM5,000.00 in the Al Fareed Current Account-i.
(Note: The insurance coverage is only extended to individual and joint account holders).

Convenient and Flexible Banking
Al-Fareed Current Account-i provides flexible and convenient banking services based on Syariah principles. The account offers competitive and generous returns coupled with the checking and ATM card facilities to meet your banking needs. A free cheque book cover will be issued to all Al-Fareed Current Account-i holders.

Eligibility
  • All individuals, both Muslims and Non-Muslims aged age of 18 years and above.
  • Other organizations whose operations are not contradictory to Syariah principles and acceptable to EONCAP Islamic Bank.
  • Business organizations are not permitted to open an Al-Fareed Current Account-i.
How to Apply
  • Individuals: Copy of IC (both sides) or Passport
  • School: Letter of Introduction from School Headmaster
  • Executors, Administrators and Trust: Letter applying of an account

All applications are subject to the Bank’s terms and conditions.

For more information:
Visit your nearest EON Bank Group branch or call EONCAP Islamic Bank at 03-2616-1222. You may also e-mail us at eib@eonbank.com.my .


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