The product, the Affin Impian Haji Savings Account-i, is a new structured savings plan that comes with Takaful protection, it said in a statement today.
The product is based on the Shariah concept of "Mudharabah", where profit sharing ratios are pre-determined and mutually agreed between the customer and the bank at the onset of the investment.
It offers flexibility to customers via a choice of three types of savings plan with tenures of five, ten or 15 years, and a wide range of deposit amounts from as low as RM167 per month.
The product also provides Takaful protection from Syarikat Takaful Malaysia Bhd for the customer with coverage upon death or total permanent disability and the provision of funeral benefits. -- Bernama