1. What documents do I need to open a Profit Now Account-i (PNA-i)?
  2. What is the difference between a GIA-i and a PNA-i?
  3. When and how is the profit paid?
  4. Can the profit to be paid up front be paid in CASH?
  5. Are there any restriction imposed for PNA-i?
  6. I’m an existing GIA-i accountholder and comply with the eligibility requirements for a PNA-i. How do I convert my existing account to PNA-i?
  7. What does PNA-i Takaful Personal Accident cover?
  8. If I have more than one account, am I entitled to claim more than one TPA?
  9. Where should I make a TPA claim?

1. What documents do I need to open a Profit Now Account-i (PNA-i)?

You and/or your joint accountholders will need to present the following documents at Maybank/Maybank Islamic branch where you are opening your account:

  • Valid MyKad for Malaysians,
  • Valid Passport for Foreigners, and
  • Other documentary evidence required by the relevant authorities according to the purpose of visit/stay in Malaysia


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2. What is the difference between a GIA-i and a PNA-i?

Here is a list for you to make a comparison:

General Investment Account-i (GIA-i)Profit Now Account-i (PNA-i)
PrincipleMudharabah or profit sharingCommodity Murabahah or cost plus sale
Profit / Dividend PaymentMonthly, semi-annually or upon maturityUpfront payment
Profit RatesBased on mutually agreed profit sharing ratioBased on predetermined fixed rate
Tenure1 month up to 60 months1, 2, 3, 4, 5 or 6 months
Minimum Placement1 month - RM5,000
2 months and above - RM1,000		RM10,000


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3. When and how is the profit paid?
Profit will be paid upfront upon opening of account and to be credited into customer's deposit account.

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4. Can the profit to be paid up front be paid in CASH?
No. All profit payments are to be credited directly into your deposit account with Maybank / Maybank Islamic.

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5. Are there any restriction imposed for PNA-i?

  1. Partial withdrawal
    Partial withdrawal is not allowed
  2. Early Withdrawal
    a. Tenure 3 months and below - no profit payment
    b. Tenure > than 3 months - 50% of profit based on actual number of days of placement


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6. I’m an existing GIA-i accountholder and comply with the eligibility requirements for a PNA-i. How do I convert my existing account to PNA-i?
You will not be able to convert your GIA-I to PNA-i. If you are a GIA-i accountholder and want to switch to a PNA-i, you will have to close your existing account and open a new one.

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7. What does PNA-i Takaful Personal Accident cover?

Provider
  • Etiqa Takaful is the provider
  • Covers individual accounts only
  • Covers the primary holder only for Joint accounts
  • Covers Death and TPD
Eligibility
  • Malaysians only
  • Individual accountholders
  • For joint accounts, primary accountholder only
Coverage
  • Death and TPD
  • RM10,000 regardless of amount of placement
  • One accountholder can only claim once


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8. If I have more than one account, am I entitled to claim more than one TPA?

Should you hold more than one PNA-I, you are still only entitled to make one claim.

Example :

Primary Accountholder    →Secondary Accountholder    →   Coverage Entitlement
ALI  
MARIA 
 Ali is entitled for a total of RM10,000 Takaful Coverage
ALI 
ZUL
ALI 
SITI


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9. Where should I make a TPA claim?
The submission for TPA claim is to be done at the accountholder's HOME BRANCH.

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