Require more cash than you have on hand for working capital or short-term financing? Maybank offers you a Shariah-compliant Overdraft-i based on the concept of Commodity Murabaha.
Overdraft-i works as a standby financing for additional liquidity to your company when running the day-to-day business operations. There are no fixed monthly payment terms, and the monthly payable profit is charged on a daily basis on the amount used.
- Flexibility to manage your cashflow
- Available in SGD and USD
- Convenience to decide how much to use and how much to pay
- Ready access to funds in times of need
Corporate customers whose business nature and purpose of getting financing are Shariah-compliant i.e. not derived from e.g.:
- Manufacturing or trading of non-halal products
- Conventional insurance
- Entertainment activities not permitted by Shariah
- Stock-broking or share trading in securities not permitted by Shariah
This is also applicable to our conventional Overdraft. For more details please click here.