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Al – Wadi’ah Premier Savings+
Protection Account
Premier Bank Introduction on Islamic Banking and
Insurance Savings Account by other banks Video Our New Product: Al-Wadiah Premier
Savings and Protection Account FAQ
Established in Singapore since 1960
Considered one of the Top 5 banks in ASEAN
22 Branches and 32 ATMs
Equipped with latest technology and network
To be the number 1 bank in the Asia-Pacific region
Committed to providing Quality Products
Excellent Customer Service
Simply the Best!
Adopt a relationship-based approach to banking that seeks to develop long-term and mutually beneficial relationships with customers.
Protect the interest of our customers. Ensure that customers are equipped with
sufficient knowledge about our products Continuously seek ways to improve our
customer centricity
Deposits Personal iSavy Savings Account-iSavings Account-iPremierOne Account-iAl-Wadiah Premier Savings
and Protection Account-i(new)
BusinessCurrent Account-i
Investments Structured Deposit Alpha Structured DepositPrestige Structured DepositPremier Structured Deposit
Unit TrustsDWS Noor Global Equity Select FundDWS Noor Precious Metals Securities FundDWS Noor China Equity FundDWS Noor Japan Equity FundDWS Noor Asia Pacific Equity FundEhical Growth Fund Ethical Value Fund
KUALA LUMPUR, MALAYSIA - ISLAMIC banking has largely escaped the fallout from the global financial crisis
The outlook for Islamic financing is bright Transactions must be backed by real assets Global Islamic banking pie is valued at about
US$1 trillion (S$1.5 trillion) In light of the financial crisis, many investors
are opting for less risky alternatives
Current insurance provided by insurance agents are not in line with teachings of Islam
1) Insurance contracts has usury/riba’ as they promise to pay more than the premium paid
2) Insurance companies invest the premiums which they have collected in interest-bearing investments
3) Considered as gambling as policy holder loses the insurance premium to insurance company if insured event does not take place
Mutual provision of guarantees
Parties to the contract support each other when any of them suffer losses
Allow policy holders who wish to comply with the teachings of Islam to enjoy the same level of cover provided by conventional insurance
Help the unfortunate in time of needs
OCBCAl-Wadi'ah Savings Account
Maybank Savings A/c
Maybank PremierOne Account-i
Dividend Payout Half- Yearly dividend Payout
At Bank’s Discretion At Bank’s discretion
Benefits ATM card Phone Banking Internet Banking Monthly Statement Zakat Auto Deduction ServiceFree Giro Service24-Hour account access
MayBank Visa Money TransferInterbank GIROMobile BankingPhone Banking24-Hour account access
Monthly StatementNo account feesFree 1 chequebook Phone bankingMobile Banking Internet Banking24-Hour account access
Eligibility Min. Age of 15Min. deposit of $1000
Min. Age of 15Min initial deposit of $10Avg daily bal. Req. is $200.
Min. Age of 21Min. Deposit of $1000
Service Fee S$2 per month if monthly avg. Bal. falls below S$1,000
- $8.50 levied if monthly avg. Bal. falls below S$3,000,
Indicative Div. Rate
0.125% - 0.4%p.a. 0.25% - 0.3750% 0.25% - 0.3750%
Combines the features of savings and insurance
"Hibah" or "token" in the form of dividends is distributed quarterly
Minimum balance required: 500 SGD Insurance premium of SGD 50
automatically deducted from account monthly.
The figures are for illustration purposes only. Insurance eligibility and premiums are subject to underwriting.
* Subject to terms and conitions
Age Coverage Benefits Annual premium amount
Monthly premium amount
30 year old, male
Terminal illness, permanent disability, accidents and loss of property*
Sum assured of S$200,000 up till age 70
S$570.00 S$50
35 year old, female
Sum assured of S$500,000 up till ge 70
S$700.00 S$60
Provides convenience for consumers Easy cash withdrawals via your ATM
Card 24-Hour account access Easy transaction monitoring Interbank GIRO Insured up to 200,000 for accidents and
loss of property Hibah or dividend is distributed quarterly
To be at least 21 years of age This account is also open to non-profit
organisations The account can also be opened in your
child's name as a trust account with you as the sole account operator
Must be Singapore Citizens or Singapore Permanent Residents
Minimum Deposit of SGD500
First S$500: 0.300% p.a. Next S$10,000: 0.4750% p.a. Remaining balance above S$10,500:
0.6000% p.a.
***Effective as at 4 July 2009
Premier BankAl-Wadiah Premier Savings +Protection Account
Dividend Payout Quarterly dividend payout
Benefits ATM CardInterbank GIROMobile BankingPhone Banking24-Hour account access No account feesInsurance coverage of up to SGD200,000
Eligibility Min. Age of 21Min. Deposit of $500
Service Fee S$2 per month if monthly avg. Bal. falls below S$500
Indicative Div. Rate
0.30-0.60%
Lucky draw1st Prize: Pair of air tickets to and fro to
Japan.
2nd Prize: Pair of 3 days 2 nights trip to
Phuket
3rd Prize: $500 NTUC voucher.
*50 consolation prizes of $100 NTUC vouchers.
RoadshowsConducted at 4 locations for a period of 3 days
1. North: Woodlands2. South: Tiong bahru3. East: Hougang4. West: Choa Chu Kang
Talks and activities will be conducted.
Free Goody bags
Bring the whole family!
1. Is Islamic Banking only for Muslims? No. Islamic Banking is for anyone who may wish to use interest-free
banking. We welcome all customers regardless of their religious background.
2. If my Islamic Account is interest-free, how does it work?Your money is kept in accordance with the Syariah guidelines. This means that we don't use the money you keep with us for activities that is contrary to the Syariah guidelines.
3. Who has decided that the Islamic Account is Syariah compliant?We work with a committee of distinguished scholars who have a lot of experience in Islamic finance and the Syariah law. They guide us in our creation of Islamic Banking products which are right for you.
4. I am already a Premier bank customer. Can I change my existing account to the Islamic Account?
Yes. You just need to visit any Branch, and we will effect the necessary
changes.
5. How do I go apply for an Al-Wadiah Premier Savings and Protection Account? Simply visit any of our 22 Branches. Applicant(s) only need to bring their NRIC and place an initial deposit in cash
6. Can I open an Al-Wadiah Premier Savings and Protection Account with a joint account holder? Yes, you can open an account with another applicant. The joint account will be opened based on either party to sign basis.
For those interested to know more about the product and how it can benefit you and your loved ones……
Central PremierBank TowerPremierBank @ BalestierPremierBank @ ChinatownPremierBank @ RobinsonRdPremierBank @ NorthBridgePremierBank @ QueenswayPremierBank @ TextileCentre
East PremierBank @ BedokPremierBank @ GeylangSeraiPremierBank @ KovamPremierBank @ MarineParadePremierBank @ SiglapPremierBank @ Tampines
North PremierBank @ AMKPremierBank @ HDBHubPremierBank @ Woodlands888PremierBank @ Yishun
West PremierBank @ BtTimahPremierBank @ ChoaChuKagngPremierBank @ HollandVPremierBank @ Jurong EastPremierBank @ Jurong Point
Address: 2 Battery Road Premierbank Tower
Singapore 049907
Phone:- Local: 1800-PREMIER (1800-773-6437)- Overseas:(65) 6533 5229
Website: www.premierbank.com.sg