Hong Leong Islamic Bank together with the expertise of Global Markets offers you a range of Islamic banking products and services to manage your wealth. Our customized financial solutions are tailored to meet your needs.
An Islamic special investment account that provides a negotiable profit sharing ratio according to Syariah requirements i.e. based on Mudharabah concept (profit sharing). The period of investment is more flexible to suit the investors' cash flow position i.e. overnight onwards.
Who can invest?
Government agencies, Corporate customers, Asset management companies, Other banking institutions, Takaful / insurance institutions, and High Networth Individuals
AB-i is usually issued to finance import / export or purchase / sale on "halal" goods or commodity. It is a negotiable instrument, which may be sold to investors. This is an alternate form of short-term investments offered to our customers in place of SIA of less than 1 month.
The AB-i is formulated based on the Syariah contract of murabahah (cost-plus) and bai' dayn (debt trading).
Islamic Negotiable Instruments ("INI") are structured along the concept of Al-Bai Bithaman Ajil (deferred payment sale) for Negotiable Islamic Debt Certificate ("NIDC-i") and also the concept of Al-Mudharabah (profit sharing) for Islamic Negotiable Instruments of Deposits ("INID-i").
Unlike General Investment Account (GIA) - Islamic version of Fixed Deposits (FD), INIs are negotiable and can be sold before its maturity date. If the customer needs to realize cash before the INI maturity, he can sell the NID in the secondary market at the prevailing market rate.
However, the INI cannot be withdrawn prematurely like in GIAs.
* Brought to you by Hong Leong Islamic Bank
Click here for more details.