• Other Instruments

A Commodity Murabahah-based treasury deposit product that allows customers to lock in an upfront fixed MYR or Foreign Currency Profit Rate. Customer appoints CIMB Islamic as wakeel (agent) to purchase and to sell commodities to facilitate the deposit transaction.

Please click here for the CMD-i Terms & Conditions

A Commodity Murabahah-based deposit product that allows customers lock in a fixed MYR rate of return. Commodity transactions to facilitate the deposit transaction will be done by CIMB Islamic.

This is a hassle free deposit with no opening of account required, premature withdrawal with no penalty, and tenure range from a day to a year.

INI covers two instruments:

1. Negotiable Islamic Debt Certificate (“NIDC”)
This is a Bai’ Bithaman Ajil (“BBA”) based investment product in which investors obtain a certificate, evidencing that a certain amount of money has been deposited with the issuing bank at an agreed MYR profit rate, and is payable at a specified future date. The certificates can easily be liquidated to raise cash before maturity date.

2. Islamic Negotiable Instruments of Deposit (INID)
A Mudharabah-based investment product in which investors 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 is payable at a specified future date. The certificates can easily be liquidated to raise cash before maturity date. Upon maturity date, the actual dividend shall be declared based upon the issuing Bank’s rate of return.

 

A form of Islamic securities issued by Bank Negara Malaysia for the purpose of managing liquidity in the Islamic financial market. New issuances may be issued either on a discounted or coupon-bearing basis, depending on investors' demand.

A form of Islamic securities issued by Bank Negara Malaysia on behalf of the Government of Malaysia, on a discounted basis.

An instrument that is drawn to finance trade: imports, exports and 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 the secondary market thereafter. Investors can invest in these instruments to earn higher MYR yield for surplus funds (subject to availability).

A commodity Murabahah-based deposit product that allows customers to lock in a fixed rate of return for foreign currency account.

A Wadiah-based deposit product that allows customers to place foreign currencies with CIMB Islamic Bank for safe-keeping.

Contact Us
mybusinesscare@cimb.com

1300 888 828