Foreign Currency Term Deposit-i

With a Foreign Currency Term Deposit-i, you can diversify your company's portfolio via different foreign currencies and benefit from competitive profit and exchange rates.

Key info

  • Access to the major foreign currencies
  • Minimum initial deposit of
    • 10,000 units for all foreign currencies
    • 2.5 million units for Japanese Yen

Foreign Currency Term Deposit-i is based on the Shariah principle of Murabaha, involving sale of commodities at marked-up price between Maybank and you. Profits are determined upfront and will be paid upon maturity.

Benefits

Service fees and charges apply

Minimum initial deposit

  • 10,000 units for all foreign currencies (except Japanese Yen)
  • 2.5 million units for Japanese Yen

Who can apply

  • All constitution type 
  • Account opening is subject to approval. All business activities must be deemed suitable under Shariah guidelines.

Required documents

All documents provided must be certified true copies.

  • Sole Proprietorship
    • Identification documents of the Proprietor. Proprietor should be present for the account opening
    • Business Registration Certificate
  • Partnership
    • Identification documents of all Partners. Partners should be present with their identification documents for the account opening
    • Business Registration Certificate
  • Limited Liability Partnership
    • Identification documents of the Partners. Partners should be present for the account opening
    • Business Registration Certificate
    • Resolution for LLP
    • LLP Agreement
  • Incorporated Companies
    • Identification documents of Directors/Authorised Signatories. Authorised Signatories should be present with their identification documents
    • Certificate of Incorporation
    • Board Resolution
  • Societies, Clubs and Associations
    • Identification documents of Executive Committee Members/Authorised Signatories. Authorised Signatories should be present with their identification documents
    • Licence or Certificate of Registration
    • Resolution passed by the committee or governing body
    • Constitutive Documents or Rules and Regulations

Fees and charges

To apply, visit any of our 21 Branches in Singapore today.

Terms and conditions (PDF)                                         

Additional Terms Governing Islamic Term Deposits (PDF)

Note
Foreign currency investments are subject to fluctuations with either the possibility of profit or the risk of loss. Please note that principal investment can also be eroded.