Bank Islam Fixed Deposit Rates
Last updated 16 Jul 2026, 10:05 AM MYT · Reviewed by Raymond, Rates.my
Bank Islam fixed deposit overview
Bank Islam is an Islamic bank in Malaysia. Its best term deposit-i (the Shariah-compliant equivalent of a fixed deposit) rate listed here is 2.00% p.a. on the Bank Islam Term Deposit-i (Tawarruq), with placements from RM500. The available tenure is 6, 12 Months. Compare each Bank Islam FD campaign below, see what you'll need to open one, and read reviews from other depositors.
Bank Islam FD campaigns & rates
Opening a Bank Islam fixed deposit
Breaking a fixed deposit before maturity usually forfeits some or all of the interest — confirm the terms with Bank Islam before you commit.
Bank Islam fixed deposit FAQ
Bank Islam's highest fixed deposit rate listed here is 2.00% p.a. on the Bank Islam Term Deposit-i (Tawarruq), for a 6, 12 Months tenure. Rates are indicative — confirm the current rate on the Bank Islam website before applying.
The minimum placement starts from RM500.
Yes — Bank Islam offers a Term Deposit-i, the Shariah-compliant (non-interest, profit-sharing) equivalent of a conventional fixed deposit.
Your IC (MyKad) or passport, and the deposit amount. Bank Islam FDs are typically opened at a branch. Promotional rates usually require fresh funds (money new to the bank).
Rates, tenures and promotions are indicative and time-limited — always confirm current terms with Bank Islam before placing a deposit. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Bank Islam; the bank's name and logo belong to their respective owners. Spotted an error, or need a correction or takedown? Contact Raymond at raymond@rates.my.