Maybank

Features

The profit payments are made through the execution of a series of underlying Shariah contracts.

Shariah Structure

Bai' Sarf

Al-Sarf refers to sale of currency exchange i.e. buying and selling of foreign currencies.

Wa'd

Revise The Explanation On Commodity Murabahah

"Murabahah" is a form of contract that involves a request from a customer to the Bank to purchase and then on sell to the customer certain goods.
The sale by the Bank to the customer is at cost plus an agreed margin.
Payment by the customer is in one or more pre-determined instalments at agreed points in time.
Ownership of the goods passes to the customer upon delivery by the Bank.
Such a sale contract is valid on condition that the price, other cost and the profit margins of the seller are stated at the time of the agreement of sale.

Tenor

Minimum period 6 months with no specific limit on the maximum tenor.

Amount

The minimum amount for an ICCS transaction is RM5 million(or equivalent) and the maximum is subject to the client's limit.

Currency

Multi-currency

Documentation