Maybank

Dear Valued Customer,

We are pleased to inform that the response date is now extended to 30 June 2015 and the reclassification will be effective on 16 July 2015.

Kindly be informed that pursuant to the enforcement of the Islamic Financial Services Act 2013 (IFSA), Maybank Islamic Berhad is embarking on the reclassification exercise (the exercise) in accordance with the transition requirements prescribed by Bank Negara Malaysia (BNM).

With the exercise, seven of our existing Mudarabah-based (profit sharing) accounts will be reclassified to Mudarabah Investment Account (Group 1), whereas the remaining existing Mudarabah-based (profit sharing) accounts will have their contract changed to Wadiah-based (guaranteed custody) (Group 2). The reclassification will be effective on 16 July 2015.

The affected Mudarabah-based accounts are as follows :

Group 1 : Reclassify to Mudarabah Investment Account

Group 2 : Change of Contract to Islamic Deposit (Wadiah-based)

Click here for more details:

Reclassification of Mudarabah Investment Account Notice

a. Individual & Small Medium Enterprise (SME) customers

• Daily Fund-i
• Term Fund-i

b. Business Banking (BB) & Global Banking(GB) customers

• Daily Fund-i
• Term Fund-i

• Daily Fund-i (Individual)
• Daily Fund-i (SME & BB)
• Term Fund-i

Notice for Change of Contract to Islamic Deposit (Wadiah-based)

General Terms & Conditions for Mudarabah Investment Account

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