Deposits

Corporate Commodity Murabahah Deposit (CCMD)

An Islamic deposit that is based on the Shariah concept of Murabahah (cost plus)

Overview


Commodity Murabahah Deposit refers to an Islamic deposit (applicable for MYR & Foreign Currency) that is based on the Shariah concept of Murabahah (cost plus). This is an Islamic money money market instrument whereby the profit is determined upfront via a Murabahah trade and payable on the maturity date, together with the initial principal amount.

Features


  • Applicable for MYR & Foreign Currency (FCY)
  • Flexibility with a tenor that ranges from 1 day to 1 year
  • Depositors have the option to retire the placement earlier should they need the funds prior to maturity.
  • Minimum deposit of RM50,000 (MYR) / USD20,000 or equivalent (Foreign Currency)
  • Applicable to both individuals and corporates.
  • Computation of Profit shall be based on the number of days within the term of the deposit.
  • Pre-upliftment is allowed.
  • Placements may be transacted at any of our Malaysian Maybank branches.

Benefits


  • Eligible for protection by PIDM
  • Higher profit rate than a normal savings account
  • Short tenor (minimum 1 day)

Eligibility


  • Minimum deposit RM50,000 (MYR) / USD20,000 or equivalent (Foreign Currency)
  • Available to both individuals and corporates
  • Minimum tenor 1 day, maximum tenor 1 year

More info


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