Wahed Everyday Shariah Account (ESA) · Malaysia · Verified 19 Oct 2026
BASE RATE
Not disclosed
MAX RATE (ALL TIERS)
Not disclosed
BALANCE CAP
None
■ BONUS TIER REQUIREMENTS
Salary credit NOT REQUIRED
Card spend NOT REQUIRED
Bill payments (JomPAY / standing instruction) NOT REQUIRED
Insurance / investments via bank NOT REQUIRED
PIDM insured NO — NOT A BANK DEPOSIT
Minimum balanceRM50 to open; no minimum balance to maintain or earn returns
HOW THE RATE WORKS
Shariah-compliant cash management account from Wahed (SC-licensed Digital Investment Manager, eCMSL/A0359/2019). Official FAQ states 'You can potentially earn returns up to 4.95% annually' — an estimated/variable return, not a guaranteed rate; no fixed base rate published on the official page. Not PIDM-protected; up to RM100,000 protected by the Capital Market Compensation Fund Corporation against fraud, misappropriation or insolvency of the licensed intermediary (a different protection from PIDM).
Wahed official ESA FAQ page: 'You need at least RM50 to open an account'; 'You can potentially earn returns up to 4.95% annually'; 'Up to RM100,000 of your investment is protected by the Capital Market Compensation Fund Corporation from fraud, misappropriation, or insolvency by a licensed capital market intermediary'; Wahed is a licensed DIM by SC Malaysia. No fixed rate published; no PIDM membership.
Verified 19 Oct 2026. Rates change — always confirm on the official site.