What do I need to know about Maybank Islamic Fixed Deposit-i?
Well, as you might expect, this fixed deposit (FD) account is based on the Islamic principle of Mudharabah - a profit-sharing concept with a predetermined profit rate.
Anyone can invest their money in this FD provided they are over 18 years of age.
The fixed term can be as short as one month or as long as sixty months.
The minimum investment is RM1,000 or RM5,000 for a 1-month tenure.
What value-added benefits can I get from Maybank Islamic Fixed Deposit-i?
When you sign up for this fixed deposit, the bank will throw in free Personal Accident Takaful Coverage. How about that?
You can also use the fixed deposit certificate as collateral for any of Maybank’s many different loans. Subject to approval.
Lastly, you can choose when you want to be paid the interest, be it monthly, half-yearly, or at maturity.
Can I withdraw from this Islamic fixed deposit before maturity and earn profit?
No. Any premature withdrawal made before the full tenure ends will be treated as an Immediate Uplift, resulting in 0% profit paid. All contracted interest/profit accrued up to the withdrawal date is forfeited.
(Note: The legacy 31-day notice option that allowed 50% interest retention was permanently discontinued on August 29, 2026).
Is my money in this fixed deposit account insured?
Yes, your money in this fixed deposit account is protected by PIDM for up to RM250,000.
How do I open an Islamic Fixed Deposit-i with Maybank?
You just need to bring your identification card if you're Malaysian, or a valid passport if you're a foreigner, along with any other documents the authorities may require, depending on the reason for your visit or stay in Malaysia.
