Bank Islam Savings Account Rate
Last updated 7 September 2026, 5:45 PM
Bank Islam savings account overview
Bank Islam is an Islamic bank in Malaysia. Its best savings account-i rate listed here is 0.01% p.a. on the Awfar Savings Account, with a minimum balance of RM20. Compare each Bank Islam savings product below, see what you'll need to open one, and read reviews from other depositors.
Bank Islam savings products & rates
- ✓Shariah-compliant; nominal 0.01% p.a. profit (eff 1 Jul 2026), plus Awfar prize draws
- ✓For yield, Bank Islam's Wafiyah Investment Account-i pays up to ~2.25% p.a. — a term investment account, not everyday savings
- ✓No riba
Opening a Bank Islam savings account
Bank Islam savings account FAQ
Bank Islam's highest savings account rate listed here is 0.01% p.a. on the Awfar Savings Account. Rates are indicative — confirm the current rate on the Bank Islam website before opening an account.
The Awfar Savings Account requires a minimum balance of RM20.
Yes — Bank Islam offers a Savings Account-i, the Shariah-compliant (non-interest, profit-sharing) equivalent of a conventional savings account.
Bank Islam savings accounts can typically be opened via online/mobile banking or at a branch — check the app first as some promotions are app-exclusive.
Rates and conditions are indicative and can change — always confirm current terms with Bank Islam before opening an account. 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.