Maybank Islamic Fixed Deposit Account

Monies and deposits denominated in singapore dollars under the cpf investment scheme and cpf retirement sum scheme are aggregated and separately insured up to s 75 000 for each depositor per scheme member.

Maybank islamic fixed deposit account. The rates are for your reference only. The underlying asset for the sale and purchase transaction between the bank and the customer is based on a specific shariah compliant commodity as the bank deems fit. With this account you get. Receive an american tourister linex 66 24 luggage tsa worth s 260 with maybank credit cards and creditable.

Exclusive benefits with isavvy for maybank isavvy account holders. Islamic fixed deposit i ifd i is an islamic term deposit based on the shariah contract of commodity murabahah cost plus sale. Effective 7 december 2019 maybank islamic berhad will no longer be issuing certificates for new placements made over the counter otc by retail individual customers. Singapore dollar deposits of non bank depositors are insured by the singapore deposit insurance corporation for up to s 75 000 in aggregate per depositor per scheme member by law.

Islamic term deposits based on the shariah concept of commodity murabahah cost plus sale where a specific asset as deemed fit by the bank is identified and used as the underlying asset for the sale and purchase transaction between bank and customer. Maybank group through maybank islamic bhd has introduced a social impact deposit a campaign under its islamic fixed deposit account ifd i. The initiative allows customers to. To obtain our latest rates please call 1800 maybank 1800 629 2265 or 65 6533 5229 overseas.

An islamic term deposit based on the contract of commodity murabahah. An islamic fixed deposit account islamic fd or commonly referred to as islamic fixed deposit i or general investment account i is a financial instrument that offers a fixed profit return upon the maturity of the deposits. Ar rihla regular savings account i. Higher profit rates than a normal islamic savings account.

Singapore dollar term deposit iprotect and grow your asset. Discontinuation of certificate issuance for islamic fixed deposit i placement for retail customers. Singapore dollar term deposit i is based on the shariah principle of murabaha involving sale of commodities at marked up price between maybank and you profits are determined upfront and will be paid one calendar day after cash placement or cheque clearance.