Maybank

The profit payments are made through the execution of a series of underlying Shariah-compliant contracts.
Shariah Structure

Commodity Murabahah

• "Murabahah" is a form of contract that involves a request from a customer to the Bank to purchase and then on sell to the customer certain goods.
• The sale by the Bank to the customer is at cost plus an agreed margin.
• Payment by the customer is in one or more pre-determined instalments at agreed points in time.
• Ownership of the goods passes to the customer upon delivery by the Bank.
• Such a sale contract is valid on condition that the price, other cost and the profit margins of the seller are stated at the time of the agreement of sale.

Wa'ad

• Undertaking/Promise

Bai al Inah

• "Bai Al-Inah" is a buy and sell contract whereby the provider of funds would sell its asset to the customer on deferred payment basis.
• At the same time, the Bank would buy back the same asset from customer at a lower price but on cash basis.