Benefits
1) Syaria compliant
2) Competitive divident. ASB is better but TH already paid zakat(tithe) for the savings

3) No tax
4) No maturity period(as opposed to FD/Trust)
5) No limit(as opposed to PNB portfolio)

As Muslim must go to Mecca for Hajj someday, saving in TH is a almost compulsory. At least RM1,300 for hajj registration to get into the waiting list. Last year waiting list is already up to 2047. So I think, TH is really good alternative to ASB for Muslims interested in low risk low return investment. Saving with TH is much simpler than TH already provide their own online platform and collaborate with few banks(CIMB/MBB/BIMB etc) in Malaysia to allow direct deposit online and through ATM. EPF also allow us to use EPF savings to register for hajj.

+1. To be specific,
1) Muslim and
2) Malaysian citizen or Permanent Resident

Frequently Asked Questions
New account
Withdrawal
Savings

Same as ASB iinm
Average minimum monthly balance / 12 x divident
Example calculation for 6.5% dividend

But I'm not sure how they'll pay the dividend though

This post has been edited by petirbuas: Aug 19 2013, 12:26 AM

No limit as far as I know