12th May 2026 - 3 min read
Bank Muamalat Malaysia Berhad (BMMB) is running a campaign that rewards Muamalat Gold-i (MG-i) account holders with petrol gift cards when they buy at least 200g of gold. The “Let’s Fuel Up!” campaign runs from 1 May to 31 July 2026 and is open to both existing and new customers.
The campaign is open to anyone with a Bank Muamalat Savings Account and a Muamalat Gold-i account. New customers can open both accounts to participate. Only purchases made through the MG-i account qualify. Physical gold purchases through other Bank Muamalat products are not included.
You need to buy a minimum of 200g of gold during the campaign period to be eligible for the reward. Do note that gold investment accounts, including MG-i, are not protected by Perbadanan Insurans Deposit Malaysia (PIDM), so any funds withdrawn from an insured deposit to purchase gold will no longer be covered.
For every minimum purchase of 200g, you receive a petrol gift card valued at 1.5 times the total grams purchased. The reward amount is rounded down to the nearest RM10.
The T&C includes a worked example: if you purchase 206g of gold totalling RM100,000, the reward calculation is 206 × 1.5 = RM309. After rounding down, you receive a petrol gift card worth RM300.
At today’s MG-i account sell price of around RM641 per gram, 200g of gold would cost you roughly RM128,000.
Rewards will be delivered within 60 business days after the campaign ends on 31 July 2026. Bank Muamalat reserves the right to substitute the petrol gift card with a reward of equivalent value, with advance notice.
The MG-i account lets you start investing in gold from as little as RM10, with 99.99% purity Perth Mint gold and free safekeeping by the bank. The 200g minimum for this campaign, however, translates to a purchase of RM120,000 to RM130,000 at current prices.
Gold has been one of the more popular investment assets among Malaysians in recent years, with more than a third of investors in the 2025 RinggitPlus Malaysian Financial Literacy Survey holding some form of precious metal.
The MG-i account is Shariah-compliant, and customers can redeem their gold balance for physical minted bars or use it as collateral through Bank Muamalat’s Ar Rahnu pawn financing service.
With all gold investment accounts, you pay the bank’s sell price when purchasing and receive the buy price when selling. This affects your effective returns, so compare it against other gold account providers before committing. You can check the latest MG-i prices on Bank Muamalat’s website.
The campaign runs until 31 July 2026. For questions, contact Bank Muamalat’s Customer Service at 03-2600 5500 or visit muamalat.com.my for full terms and conditions.
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As a creative content writer, Eloise has covered finance, business, lifestyle topics, and even moonlights as a singer-songwriter outside of RinggitPlus. Her current interests are learning the best ways to optimise spending and credit card hacks to gain more airline miles.
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