Money Market Deposits
Deposit placed with the Bank for a fixed period of time and earning an Expected Rate of Return.
GIA is an investment account where customer provide the capital to the bank while the bank manage the funds by investing in shariah approved money market instruments. The return on investment will be shared by the bank and the customer based on pre-agreed profit sharing ratio under the concept of mudharabah (trustee profit sharing).
NIDC refers to a sum of money deposited with the banking institutions and repayable to the bearer on a specified future date at the nominal value of NIDC. NIDC is structured along the concept Bai Bithaman Ajil (deferred payment sale) and can be sold to other parties.
Acceptance Bills – i
Abi are Ringgit bills of exchange drawn on and accepted by the banks to finance import and export transactions which are deemed halal by Shariah.
Short-term Government Securities
BNMi Notes are issued by BNM as a monetary tool to mop-up excess liquidity from the banking system.
MiTB are short term marketable debt instrument issues by Malaysian Government through BNM to raise fund to finance Government’s working capital.