For deposit placements from 1 January 2018 onwards, the customer shall provide full rebate (ibra’) on the profit that was agreed at the time of placement if the deposit is uplifted/withdrawn prematurely after 31 December 2018. In such circumstances, there will not be any profit payable by the Bank to the customer.
Who can apply
- Individuals aged 18 years and above
- Associations, club and societies
- Partnerships
- Sole proprietorships
- SMEs, corporation, business enterprise
- Government bodies and trustee