Having foreign currencies in hand hoping to get a better yield? With our Shariah-compliant short term Foreign Currency Mudharabah-i (FCM-i), you can now place them in a profit sharing investment product.
FCM-i also allows for easy transfer of funds overseas safely with our wide network of branches as well as correspondent banks worldwide. What’s more, the profit-sharing principle of Mudharabah gives you the potential to earn better returns on your investment.
Benefits
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Alternative Investment In Shariah Compliant Short term Foreign Currency Investment |
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Dividend Return is not fixed based on the “R Rate” performance. The higher “R Rate” will higher customer’s potential return |
* Dividend will be calculated daily and paid on maturity
Features
Shariah Contract
Based on Mudharabah (profit-sharing) contract where customers act as provider of fund and the Bank acts as entrepreneur. The Bank will invest the fund in Shariah-compliant investment avenues. The profit from the investment will be shared between the Bank and customers based on the pre-agreed profit sharing ratio.
Eligibility
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Individual - The product is offered to resident and non-resident, individual and non-individual |
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Non-Individual - (Business Banking Customers) |
| Currency Offered |
- US Dollar (USD)
- Euro (EUR)
- Australian Dollar (AUD)
- British Pound (GBP)
- New Zealand Dollar (NZD)
- Hong Kong Dollar (HKD)
- Canadian Dollar (CAD)
- Singapore Dollar (SGD)
- Swiss Franc (CHF)
- Japanese Yen (JPY)
Tenor / Minimum Deposit
Non-Interbank FCM-i (Individual)
| Currency |
Tenor |
Minimum Amount |
| USD |
1 to 12 months |
USD5,000 |
| Others |
1 to 12 months |
USD5,000 equivalent |
Non-Interbank FCM-i (Non-individual)
| Currency |
Tenor |
Minimum Amount |
| USD |
Min. 1 day |
USD20,000 |
| EUR, AUD, GBP |
Min. 7 days |
USD20,000 equivalent |
| NZD, HKD, CAD, SGD, CHF, JPY |
Min. 1 month |
USD20,000 equivalent |
Dividend will be calculated daily and paid upon maturity.
Visit any Maybank or Maybank Islamic branches.
Questions? Our FAQs may help.
For further information visit our branch or call 1-300-88-6688 |
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