Maybank Islamic Nadi Credit Card Offers Fixed 14% Profit Rate And No Annual Fee

Christina Chandra

8th July 2026 - 2 min read

Maybank Islamic has launched the Nadi Mastercard Credit Card-i, a Shariah-compliant credit card with a fixed profit rate of 14% per annum, no annual fee, and non-compounding charges. Announced on 7 July 2026, the Nadi Mastercard Credit Card-i will open for applications in October 2026. The name Nadi means pulse in Malay, reflecting the card’s focus on everyday spending.

A Fixed Rate Replaces The Usual Tiered Structure

Most Islamic credit cards in Malaysia charge tiered profit rates of up to 18% per annum depending on the cardholder’s repayment record. The Nadi card charges a flat 14% instead.

Charges are also non-compounding, so profit is only calculated on what you owe, not on earlier charges. There is no annual fee, and cardholders also get access to Maybank’s wider range of cards, including over 1,000 merchant privileges across the region.

Mohamad Yasin Abdullah, group chief executive officer of Islamic banking and chief executive officer of Maybank Islamic, said the card supports the bank’s Humanising Financial Services commitment by giving customers greater certainty over their financing costs.

Applications Only Open In October 2026

Applications can be made through the MAE app, Maybank2u, and all Maybank branches nationwide from October. Maybank Islamic has not yet published minimum income requirements, credit limits, or the full fees and charges schedule.

Like other Islamic credit cards, the Nadi card is open to anyone regardless of faith. Malaysia’s Islamic cards also recently moved to the Tawarruq contract structure, an industry-wide update that did not change how the cards are used day to day.

The Cost Stays The Same Whether You Pay Early

If you settle your statement in full every month, the profit rate never applies to you,and the card’s main advantages are the annual fee waiver and merchant privileges.

If you do carry a balance from time to time, the fixed rate makes the cost easier to predict. Tiered cards adjust the rate based on your repayment record, so the amount charged can shift from month to month.

With the Nadi card, the rate stays at 14% regardless, which is below the 18% ceiling on tiered structures. The main thing to weigh is that cardholders who consistently pay on time are usually charged the lowest tier on other cards, so the fixed rate is most useful if your repayment pattern is less predictable.

Christina Chandra

Christina writes about personal finance with an eye for making the complicated feel straightforward. She is drawn to the everyday money decisions people face and genuinely enjoys finding the clearest way to explain them. Between articles, she is probably napping, on a hiking trail, or terrorising her sister’s cats.

0 0 votes

Article Rating