Based on Islamic financial principle of Murabaha involving sale of commodities at marked-up price between Maybank and you, your deposit is protected against uncertainty and speculation. Profits are not only determined upfront but will also be paid one calendar day after cash placement or cheque clearance instead of upon maturity.

Benefits

• Low minimum deposit
• Pays returns upfront instead of upon maturity
• Easy monitoring of your deposit via Maybank2u.com.sg
• Competitive profit rates

Minimum initial deposit

• S$10,000 for 12 and 24 months tenure
• S$25,000 for 3 and 6 months tenure

Who can apply

• All types of constitutions
• Account opening is subject to approval. All business activities must be deemed suitable under Syariah guidelines

Required documents

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

Fees and charges

• Service fees and charges may apply

To apply, visit any of our 22 Branches in Singapore today.

Terms and conditions (PDF)

Additional Terms Governing Islamic Term Deposits (PDF)

Questions? Our FAQ may help.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Minimum Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.