Ardani Hilmi 

SOLICITORS’ ACCOUNTS (DEPOSIT

INTEREST) RULES

Rule 2 (1) When a solicitor holds/receives money for or on account of a client,

Placing client’s he shall –
money on a) deposit the money separately by way of fixed deposit or any
deposit for income-bearing deposit account into a financial institution
purposes of licensed under the BAFIA or the Islamic Banking Act, or other
earning interest financial institution regulated under any federal law for the time
being in force which controls or regulates the operation of that
financial institution, repayable on demand in the name of the
solicitor or his firm and in the name of the client. The solicitor
must also account to the client for any interest or income earned
thereon
b) pay to the client using his own money, the sum equivalent to the
interest which would have accrued for the benefit of the client, if
the money had been deposited separately by way of fixed
deposit

Solicitor shall not be required to deposit or to account to a client

for interest or to pay interest to a client unless –
(i) the sum of money received by the solicitor exceeds
RM5000
(ii) the solicitor receives instruction at the time of the
receipt, that the sum of money he received will not be
wholly disbursed or reduced to a sum below RM5000,
within 4 months thereafter

(2) Any client who feels aggrieved that interest or any sum equivalent to
that has not been paid to him, shall be entitled to require the solicitor
to obtain a certificate from the Bar Council to determine whether
interest ought to have been earned for him or not. If it ought to have
been earned, the amount of that interest shall be payable by the
solicitor