Product Snapshot

Shariah-compliant equivalent of USD operating account whilst earning a profit on excess money

Features & Benefits

Shariah-Compliant
Virtual Account
Online Banking
Complimentary Statements
Cheque Books

Requirements

Shariah-compliant equivalent of USD operating account whilst earning a profit on excess money

Minimum Monthly Average Balance

US$30,000 otherwise a fee of US$50 applies per month

Profit Rates 

Profit Rate p.a* effective before 3 Oct 2022

Deposit Balance* Profit Rate p.a*
US$30,000 & above 0.02%
Below US$30,000 0.00%

Profit Rate p.a* effective from 3 Oct 2022

Deposit Balance* Profit Rate p.a*
US$30,000.00 & below 0%
US$30,000.01 & above 0.60%

*Applicable for new clients & limited period of time.

Fees & Charges

Early Account Closure Fee

US$40 for accounts closed within 6 months of opening.

Terms and Conditions

*Profit rates are subject to change at the Bank’s discretion.

How To Apply

Step 2

Click on the link below to begin your application. The application will take approximately 15 minutes* to complete. 

 

Apply Now

 

Document Checklist

 

1. Certified true copies1

Memorandum and Articles of Association or Constitution.

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All directors
  • All authorised signatories
  • All controlling persons (only if applicable to your company)
  • All Ultimate Beneficial Owners
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Private Limited or Public Company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

1. Certified true copies1

Partnership agreement. 

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All Partners (For Partnership Entities)
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

 

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Partnerships: 2 partners

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

1. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All owners for Sole Proprietor
  • All approving persons

 

2. Image with NRIC for ALL NRIC submitted above

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Quick Guide

User Guide (PDF)

 

Download the User Guide here.

 

Download the User Guide in Chinese here.

Frequently Asked Questions (FAQ)

 

Download the Frequently Asked Questions (FAQ) here.

 

Download the Frequently Asked Questions (FAQ) in Chinese here.

Important Notices & Disclaimer

*The Base Profit rate applies to the entire balance in the Eligible Account subject to the Customer maintaining the minimum daily balance prescribed by the Bank. Profit rates are set at the Bank's discretion and subject to change without prior notice.