HOW IT WORKS

Complete the Virtual Account Opening application form below and click submit.

Visit your prefered Bank Islam branch within 30 days of application together with your confirmation slip.

Complete Your Account Opening Process at Our Branch and obtain your account number.

APPLY


General Info
Tell Us A Bit About Yourself
Personal Information
Account Particulars
Account Type:
Personal Details
Hello,
And what's your address?
Your Contact Details
Your Identification (*Sensitive Data)
Gender:
Resident:
Marital Status:
Employment Information
Contact Person Details
Hello,
And your contact person?
Other Services
Just a few more steps. You are almost there.
Opt for Debit Card-i & TAP Mobile Banking facilities for your Qard Savings Account-i and Basic Savings Account-i. You may choose one (1) or all facilities for your account.
Services:
(for Bank Islam Internal Use)
Declaration
Few more steps, !
Declaration
  • I have read, fully understood and agree to abide with the Terms and Conditions of respective account(s), products & services and any amendments thereof.
  • I acknowledge and affirm that all the above information given is true and complete.
  • I confirm that I am not undischarged bankrupt and there is no bankrupcty proceeding or any other civil/criminal proceeding instituted against me.
  • I authorise Bank Islam Malaysia Berhad ("Bank lslam") to obtain or to verify any information on me from my employer, any financial institutions, the Director General of Inland Revenue Board and any other sources that Bank Islam deems appropriate.
  • I agree to inform Bank Islam of any changes to the abovementioned information as soon as possible and further agree that Bank Islam shall have the absolute discretion to reject my application without giving any reason or if any information given by me is found to be false or untrue or contrary to any laws the Bank shall absolute discreation to cancel my application. If approval of the application being granted by Bank Islam but later on the information is found to be false or untrue or contrary to any laws, Bank Islam shall have the absolute right to cancel and/or revoke the said approval.
  • I agree and note that any and all costs or loss incurred by me due to the rejection or revocation of the said approval shall be borne fully by me.
  • I consent fully and irrevocably to Bank Islam disclosing information regarding to the above application to the Central Bank of Malaysia as maybe required under the law or otherwise.
  • I agree that the Bank shall be entitled to charge a fee for any of its services provided to me at the rates imposed by the Bank (as approved by Bank Negara Malaysia) and at the Bank's website.
  • I hereby acknowledge that I have read this Privacy Statement and understand the content and agree to be bound by this Privacy Statement as per in the following link www.bankislam.com.my/Privacy-Statement.
  • By applying to open this account, I hereby agree and consent that the Bank may collect, keep, use, disclose and process my personal information set out in my application form, account opening documents and/or otherwise provided by me or possessed by the Bank ("Personal Data"), for one or more of the authorised purposes ("Purposes") as stated in the Bank's Personal Data Privacy Statement. The term "Personal Data" includes sensitive personal data as defined under the Personal Data Protection Act 2010 ("the Act"). I further agree that my/our Personal Data may/will be disclosed by the Bank to its affiliates, business partners or related companies, third party service providers or agents for one or more of the purposes.
  • I declare that in case I am subject to the Foreign Account Tax Compliance Act (FATCA) and the amendments thereto, as determined by Bank Islam ("the Bank"), I explicitly agree that the Bank advises the U.S. Tax Authority (the Authority) of my accounts with the Bank, including my accounts jointly held with third parties, and provide the Authority with data, information, disclosures and documents the Authority may request about these accounts and all my banking transactions with the Bank, and to answer any inquiries which the Bank may receive from the Authority and execute the Authority's instructions in this respect and in the manner it requests needless to advise us in advance or obtain my/our consent to the notices, data, information, disclosures or documents which the Bank may provide to the Authority, nor to the procedures, acts and disposals. I hereby declare our commitment to sign all required forms and instruments as well as any other instruments which the Authority or the Bank may request. I also undertake to execute whatever the Authority or the Bank may request, and shall abide by the fixed dates. I shall also update the data according to any change that may occur to them, and in any way update them every three years with no responsibility of any type whatsoever on part of the Bank. This declaration is final, irrevocable and unchangeable.
  • I have read, fully understood and agree with the Product Disclosure Sheet (PDS) and Terms and Conditions which is accompanied by this form.
  • I agree that the Bank shall be entitled to charge a fee for any of its services provided to me at the rates imposed by the Bank (as approved by Bank Negara Malaysia) and as set out in the PDS and at the Bank's website.
  • I also agree to be bound by the terms and conditions of the product as specified in the Terms and Conditions.
  • I also hereby have been briefed and given a copy of Structure and Profit Sharing Rate (PSR) Statement by the Bank.
  • By signing this form, I hereby confirm that I have been made aware and understand that the information provided by me is in accordance to Bank Islam's Privacy Statement.
  • I have read, fully understood and agree to abide with the Terms and Conditions of respective account(s), products & services and any amendments thereof.
  • I hereby acknowledge that I have read this Privacy Statement and understand the content and agree to be bound by this Privacy Statement as per in the following link www.bankislam.com.my/Privacy-Statement.
  • By applying to open this account, I hereby agree and consent that the Bank may collect, keep, use, disclose and process my personal information set out in my application form, account opening documents and/or otherwise provided by me or possessed by the Bank ("Personal Data"), for one or more of the authorized purposes ("Purposes") as stated in the Bank's Personal Data Privacy Statement. The term "Personal Data" includes sensitive personal data as defined under the Personal Data Protection Act 2010 ("the Act"). I further agree that my Personal Data may/will be disclosed by the Bank to its affiliates, business partners or related companies, third party service providers or agents for one or more of the purposes.
  • I declare that in case I am subject to the Foreign Account Tax Compliance Act (FATCA) and the amendments thereto, as determined by Bank Islam ("the Bank"), I explicitly agree that the Bank advises the U.S. Tax Authority (the Authority) of my accounts with the Bank, including my accounts jointly held with third parties, and provide the Authority with data, information, disclosures and documents the Authority may request about these accounts and all my banking transactions with the Bank, and to answer any inquiries which the Bank may receive from the Authority and execute the Authority's instructions in this respect and in the manner it requests needless to advise us in advance or obtain my/our consent to the notices, data, information, disclosures or documents which the Bank may provide to the Authority, nor to the procedures, acts and disposals. I hereby declare our commitment to sign all required forms and instruments as well as any other instruments which the Authority or the Bank may request. I also undertake to execute whatever the Authority or the Bank may request, and shall abide by the fixed dates. I shall also update the data according to any change that may occur to them, and in any way update them every three years with no responsibility of any type whatsoever on part of the Bank. This declaration is final, irrevocable and unchangeable.
PIDM Clause

I understand that this product is protected by PIDM up to RM250,000 for each depositor and I can obtain a copy of the PIDM brochure via www.pidm.gov.my/awareness-initiatives.

I have been informed that this product is not protected by PIDM.

Participation for Overseas Transaction and Card-Not-Present Transactions

Bank Islam Debit Card-i provides you with the convenience to perform retail transactions including Overseas and Card-Not-Present (CNP*) transactions as our card comes with high safety security feature through the application of "3D secured" which require One-Time-Password (OTP) verification. However, there are certain merchants of Overseas and CNP transactions that do not equipped with high safety security features. As such, in order to safeguard the interest of our valued customer, we wish to inform that there are certain risks associated with Overseas and CNP transactions which are NOT authenticated via safety authentication method as follows:

  • The information of your Bank Islam Debit Card-i might be stolen through merchant using unsecured/inadequate authentication method or with intention to commit fraud;
  • The stolen information of your Bank Islam Debit Card-i details might be used to perform series of unauthorised transactions; and
  • The unauthorised transaction occurred on your card may result in you would not be able to use the full amount of the disputed transaction until completion of the investigation

Nevertheless, Bank Islam shall perform investigation on any claim of unauthorised transaction. Please refer to the Bank's website or our terms and conditions to know more on how to safeguard your debit card-i against unauthorised transaction.

CNP Declaration

Overseas Transaction

CNP Transaction

You are required to decide whether to agree to participate in overseas and CNP transactions or not. If there is no selection made, it is deemed that you do not agree to the participation and your Bank Islam Debit Card-i will be blocked from the non selected transaction(s). *CNP transaction comprises of Mail Order Telephone Order (MOTO), direct debit and e-commerce transctions.

Aqad For Electronic Banking-i Application (IJARAH CONTRACT)
SMS Notification i-TAP Services Only
Aqad Statement
Aqad Statement (Mudarabah)

I hereby open my Saving-i Account based on Qard contract [Loan (by me to the Bank)] subject to the terms and conditions as determined by the Bank. Based on Qard contract, the Bank is responsible to repay the monies in full upon demand.

I hereby deposit the money into my Investment Account based on Mudarabah contract for the Bank to invest in whatever way that the Bank deems fit. Any profit made from the said investment shall be shared between the Bank and me at the ratio offered by the Bank and shall be credited into the account according to the conditions set by the Bank.

Consent for Cross Selling

I expressly consent and authorise Bank Islam to process and use the information which I have provided for the purposes of cross selling, marketing and promotions including administering offers and competitions and disclosure to other companies within Bank Islam Group, its agent, employees and or such individuals or third parties as Bank Islam deems fit.

FATCA Declaration

Do you have a U.S. passport?

Are you a permanent resident of the U.S. or a U.S. green card holder?

Is U.S. your country of birth?

If you are a signatory of an organisation, are there any share holders/ U.S. companies/ institutions owning a share/interest exceeding 25% of the Company capital?

Tax Residency Declaration

I am tax resident of other country(s):

Submit
Final step. You are almost done.
Type the characters you see in the picture below.
Confirmation
Congratulations! You have completed the online account opening process.
Name:
MyKad/Passport:
Bank Islam Branch:
Reference No.:
Submitted On:
Bookmark:
Form Summary Link
VAO Acknowledgement Receipt
Thank you for making the right choice. Enjoy your banking experience with Bank Islam.
Your Submission Details:
Name
Reference No
ID No
Submission Date
Branch
Product Type
IMPORTANT
For Existing Customers (Existing Individual Savings Account/Current Account/Al-Awfar Account holder)

Submission Validity
  • Bank Islam will be in contact with you for verification purpose using contact number previously registered with the bank within 2 working days from the date of your application. If you do not hear from us within 2 working days, kindly contact us at 03-26900900.
  • Applicant will be receiving an SMS notification regardless whether his/her account opening application is successful or not.
  • Bank Islam reserves the right to decline any application if the internal requirement set by Bank is not observed.
  • Existing customers are reminded that their signature recognition will be based on their current Specimen Signature Card (SSC) and shall rely on the SSC of the last account opened by customer.
For New Customers (No existing individual account with Bank Islam)

Submission Validity
  • Please visit our branch within 30 days from the date of this application or you are required to submit a new application.
  • Bank Islam reserves the right to decline any application if the internal requirement set by Bank is not observed.
Documents Required for Submission
  • Identification document (ID) and either one of the supporting documents - driving license, student ID card, passport
  • Initial deposit of RM100 to activate the Qard Savings Account-i & Al Awfar Account and RM20 for Basic Savings Account-i.
  • Copy of this acknowledgement receipt.
Optional Facilities Offered
Facilities Fees (RM)
Debit Card (Normal) 12.00
Debit Card (Basic Card) 8.00
TAP Mobile Banking 8.00

This is an auto-generated acknowledgement receipt. Signature is not required

Frequently Asked Questions (FAQ)

Who can open account using this VAO?
Open to individual account application and MyKad holder aged as follows only:
  • 12 years and above for Qard Savings Account and Basic Savings Account.
  • 18 years and above for Al Awfar Account
Can I receive the account number immediately after I submit the application?
No, the account number will only be received after upon your visitation to any branch.
Where can I get the product information prior our submission?
You are advised to read and understand the product information and Terms & Conditions in Bank Islam Website at www.bankislam.com.my/deposit-products before applying for the product.
What type of account that I can choose to open through this VAO?
  • Al Awfar Investment Account
  • Qard Savings Account-i
  • Basic Savings Account-i
How many account(s) can I open at one (1) time of submission?
You may open one (1) account for each account type via this VAO Account Opening application.
How long is the validity of each application of account opening?
The validity of each application is within 30 days from the date of submission of application through web.