Muamalat+, Revive+ Support Customers' Savings And Investment Goals

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.

Sound family financial planning also requires an understanding that not all Syariah-compliant investment products guarantee returns or capital protection, underscoring the importance of distinguishing between savings and investments to avoid potentially costly financial decisions.

Against this backdrop, Bank Muamalat Malaysia Berhad (Bank Muamalat) offers two Syariah-compliant financial products through its Muamalat+ and Revive+ campaigns to help customers manage their savings in line with their financial goals and needs.

The Fixed Term Account-i (FTA-i) and Term Investment Account-i (TIA-i) both have a 12-month tenure but differ in their underlying Syariah contracts, capital guarantees and potential returns.

“Through the Muamalat+ campaign, customers can open an FTA-i based on the Tawarruq concept, a Syariah-compliant commodity transaction that provides a capital guarantee and a fixed profit rate determined in advance, allowing them to know their returns upon maturity.

“Participation in Muamalat+ requires a minimum of RM15,000 in fresh funds, with RM10,000 placed in an FTA-i account offering a profit rate of 4.0 per cent per annum, while the remaining RM5,000 must be maintained in an eligible current, savings or SURIA investment account for 12 months,” Bank Muamalat said.

The bank said the 4.0 per cent profit rate applies only to the FTA-i placement, while the remaining RM5,000 earns returns based on the prevailing rate applicable to the respective account.

Meanwhile, Bank Muamalat's Revive+ campaign offers an expected annual profit rate of 4.10 per cent through a TIA-i account, requiring a minimum investment of RM10,000, with returns subject to investment performance and risks.

“TIA-i operates under the Wakalah bi al-Istithmar contract, which enables Bank Muamalat to manage and invest customers’ funds in Syariah-compliant assets, including a Personal Financing-i portfolio, with returns determined by the portfolio’s performance.

“For instance, an investment of RM10,000 at an expected annual profit rate of 4.10 per cent could generate approximately RM410 in returns (over 12 months), subject to the performance of the investment,” it said.

FTA-i deposits are protected by the Malaysia Deposit Insurance Corporation (PIDM) for up to RM250,000 per depositor per member bank, subject to applicable regulations, while TIA-i and SURIA investment accounts are not covered under the scheme.

To provide greater clarity on the risk of capital loss, Bank Muamalat has implemented regulatory and transparency measures in line with Bank Negara Malaysia (BNM) guidelines and advises customers to carefully review the Product Disclosure Sheet (PDS) before making investment decisions.

In addition, participation in the Muamalat+ campaign automatically qualifies customers for the Save2Win 2026 campaign, which offers prizes worth more than RM2.9 million, including a one-kilogramme gold bar and a smart #5 Premium car.

However, customers are advised to assess their liquidity needs before selecting a financial product and ensure that emergency funds remain readily accessible, as premature withdrawals could affect their returns.

Under the Muamalat+ campaign, customers who withdraw their FTA-i funds before maturity will forfeit all agreed profits through the ibra' (rebate) mechanism, subject to terms and conditions, while TIA-i is governed by separate early redemption provisions.

Both campaigns are open to eligible individuals and sole proprietors until Dec 31, 2026.

Looking ahead, Bank Muamalat will continue to prioritise digital innovation, product diversification and holistic wealth management to strengthen its position in the banking sector while raising public awareness of the importance of prudent financial planning.

--BERNAMA