Akaun Simpanan-i Salam
Akaun Simpanan-i Salam is a shariah-compliant deposit or savings product that is open to all citizens, permanent residents, cooperatives, companies, associations and other organizations whether among CBP Members or Non-Members.
Akaun Simpanan-i Salam
Konsep Bai' Salam
Asset Portfolio of Salam Fund
|Akaun Simpanan-i Salam||Open for public aged 18 and above (Basic Product)|
|Akaun Simpanan-i Salam Mystar||Open for children and teenagers under the age of 18|
|Akaun Simpanan-i Salam Ahliyyah||Open for CBP’s members who are still active|
|Akaun Simpanan-i Salam Baitullah||Open for public aged 18 and above with the objectives to perform Hajj & Umrah|
|Akaun Simpanan-i Salam Murabbi||Open for civil servants aged 18 and above among educators and teachers|
|Akaun Simpanan-i Salam Masajid||Open for Mosque and Surau|
|Akaun Simpanan-i Salam Ijtimaie||Open for any organizations, i.e. Cooperatives, Associations, Clubs and others|
|Akaun Simpanan-i Salam Tijari||Open for any companies under Companies Act and registered with ‘SSM’|
|Account Types||Profit Rate (%) Per Annum|
|Akaun Simpanan-i Salam||<RM5,000 = 1.00%||>RM5,000 = 1.25%||>RM50,000 = 1.75%|
|Akaun Simpanan-i Salam MyStar||<RM5,000 = 1.25%||>RM5,000 = 1.50%||>RM10,000 = 1.75%|
|Akaun Simpanan-i Salam Ahliyyah||<RM10,000 = 1.25%||>RM10,000 = 1.50%||>RM25,000 = 1.75%|
|Akaun Simpanan-i Salam Baitullah||<RM5,000 = 1.00%||>RM5,000 = 1.25%||>RM50,000 = 1.75%|
|Akaun Simpanan-i Salam Murabbi||<RM5,000 = 1.00%||>RM5,000 = 1.25%||>RM50,000 = 1.75%|
|Akaun Simpanan-i Salam Masajid||<RM10,000 = 1.25%||>RM10,000 = 1.50%||>RM25,000= 1.75%|
|Akaun Simpanan-i Salam Ijtimaie||<RM5,000 = 1.00%||>RM5,000 = 1.25%||>RM50,000 = 1.75%|
|Akaun Simpanan-i Salam Tijari||<RM5,000 = 1.00%||>RM5,000 = 1.25%||>RM50,000 = 1.75%|
- The Shariah concept used is the Salam Commodity Concept using the Tawarruq platform arrangement based on the Salam or the Salaf Contract or al-Bai 'Mawsufah Fi Zimmah. It is a sales and purchase contract in which a commodity transaction is carried out on a specified quality and quantity with the delivery of the commodity subject to the future date but the payment of the salam price is made at the time of the contract and/or throughout the time before maturity. The Salam contract is deemed as Harusby jumhur ulama’ including the Mazhab As-Syafie as a form of rukhsah from the usual type of sales and purchase contract.
- In the Salam commodity structure, CBP will act as the seller of the commodity and the depositor or savings accountholders as the buyer of the Salam commodity. Any deposit received by CBP is treated as a Salam price on a commodity order purchased to be handed over by CBP to the depositor or savings accountholders constructively (hukmi) in the future based on a stipulated period.
- During the commodity is delivered by CBP on a stipulated date for every six (6) months, the depositor or savings accountholders agreed for CBP as a representative to resell the commodity to a third party or a specific commodity broker. Salam commodity transactions will generate cash with a profit margin to depositors or savings accountholders at an agreed rate.
- All cash from the transaction is then used as the Salam price for a consecutive series of Salam commodity transactions for the next six (6) months repeatedly until such time as the balance of savings account is withdrawn or no longer has a current balance exceeding the minimum limit (RM20.00), inactive or closed.
Akaun Simpanan-i Salam accountholders have the opportunity to get other benefits such as Group Takaful Protection, will writing services, excellence rewards (Akaun Simpanan-i Salam Mystar) and other benefits as decided by CBP Management from time to time.
Unclaimed Money (UMA/WTD) within seven (7) years if there is any balance below the minimum limit will be donated to the Infaq Fund with the objectives to cater for charitable purposes as agreed in the Terms and Conditions. Meanwhile, any balance above the minimum limit will be submitted to the Registrar of Unclaimed Money in accordance with the Unclaimed Money Act Procedure.