Islamic Fixed Deposit-i

UOB Fixed Deposit-i is a capital-guaranteed fixed deposit that provides you with the flexibility to manage your funds according to your short- or long-term deposit needs. Based on the Tawarruq arrangement, underpinned by the Murabahah contract (Cost Plus Profit Sale), it secures a Customer’s principal and agrees up-front on the rate of return via the sale contract of Murabahah (using Commodities). The Bank then will become the Customer’s “Purchasing” and “Selling” Agent in a dual-agency arrangement. This allows the Customer to instruct the Bank to act on their behalf, to enter into a Tawarruq arrangement. This structure guarantees Customers’ principal, fixes the Customer’s profit (if held to maturity), and is covered under Perbadanan Insurans Deposit Malaysia (PIDM).

Terms and Conditions: ENG