KUALA LUMPUR, Nov 9 (Bernama) -- Having savings alone does not guarantee long-term financial security, as prudent financial management is equally important, particularly when selecting Syariah-compliant savings and investment instruments that suit individual needs and risk tolerance.
Muamalat+, Revive+ Support Customers' Savings And Investment Goals
Bank Muamalat, investment, finance, campaign, Muam
Key takeaways
Bank Muamalat Malaysia introduced Muamalat+ and Revive+ campaigns to help customers manage savings and investments. These offerings include specific Syariah-compliant accounts with distinct profit rates and minimum fund requirements.
- Muamalat+ requires RM15,000 in fresh funds, with RM10,000 in an FTA-i account earning 4.0 per cent per annum.
- Revive+ requires a minimum RM10,000 investment in a TIA-i account, offering an expected 4.10 per cent annual profit rate.
- Both the FTA-i and TIA-i accounts have a 12-month tenure but differ in underlying Syariah contracts and capital guarantees.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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