Maybank FD Link (Islamic) Promotion Terms and Conditions:

1. The Maybank FD Link (Islamic) Promotion(Promotion):

1.1. This Promotion allows a customer to be eligible for a special profit rate of 9.88% p.a. for a period of 3 months for a term deposit when he/she places a term deposit in Ringgit Malaysia denomination of a minimum value of RM15,000 and purchases or subscribes to shariah compliant unit trust of an equivalent value concurrently from a shariah compliant unit trust fund listed in table 2(hereinafter referred to as “Unit Trust”). The minimum combined total value of the term deposit and the value of shariah compliant unit trust shall not be less than RM30,000. The applicable term deposit for this campaign is the Islamic Fixed Deposit–i (hereinafter referred to as “IFD-i")

1.2. The Promotion is valid from 29th December 2010 until 31st Jan 2011 (Promotion period), or such date(s) as may be determined by Maybank Islamic Bhd at its sole discretion from time to time.

2. Eligibility:

2.1. The Promotion is open to all individual Malaysian Residents, permanent residents, non-residents (with working visas of at least 6 months period before expiration) that are approved by Maybank Islamic (hereinafter referred to as ‘Customer/s’).

2.2. The staff of Maybank/Maybank Islamic and existing and future corporate customers of Maybank Group are not eligible to participate in this Promotion.

2.3. To be eligible for the special profit rate for the IFD-i deposit, the investment amount in the selected Unit Trusts and the IFD-i must be on an equal amount (1:1) basis, subject to the combined value of the shariah compliant Unit Trust and the IFD-i not being less than RM30,000.

2.4. Investment in the shariah compliant Unit Trust and placement of IFD-i must be undertaken concurrently for the Customer to be eligible to participate in this Promotion.

2.5. The shariah compliant Unit Trust account holder must be the same party or parties as the IFD-i account holder(s).

2.6. Purchases of shariah compliant Unit Trust under the EPF investment scheme are excluded from this Promotion.

2.7. The purchase of shariah compliant Unit Trust is subject to the sales charge and conditions of the respective prospectus. Customers are advised to refer to the relevant prospectus for information on the full sales charges and other terms before subscribing or purchasing the shariah compliant Unit Trust. All related sales charges are to be borne by customers.

2.8. Customers are advised to read and understand the content of the prospectus, associated risks, fees and charges prior to purchasing or subscribing to or investing in a shariah compliant Unit Trust.

3. FD Link (Islamic) Promotion Mechanics and conditions

3.1. The Customer will be eligible for the special 3-month profit rate for the IFD-i deposit based on the formulae stated in table 1 if the application to purchase or subscribe to any of the selected shariah compliant unit trust fund as listed in Table 2 is successful and terms of this Promotion are complied with.

Table 1: Special Rate and minimum amount

Minimum Total Amount Minimum Amount Per Product FD Link (Islamic)
Special Profit Rate (%p.a.)
Shariah compliant UT + IFD-i
Shariah compliant UT
Shariah compliant UT
30,000 15,000 15,000 9.88%

Table 2: Eligible Shariah compliant unit trust funds

Fund House Fund Name
AmInvestment Services Bhd
  • AmPrecious Metal Fund
  • AmIslamic Greater China Fund
HwangDBS Investment Management Bhd
  • HwangDBS Aiiman Growth Fund
Prudential Fund Management
  • PruDinasti Equity Fund
  • PruDana Al Ilham
TA Investment Management Fund
  • TA Dana Fokus

3.2 Maybank Islamic reserves the right to vary the list of eligible shariah compliant Unit Trust funds in Table 2 from time to time as and when it deems fit.

3.3. In the event that the Customer elects to unsubscribe or cancel his/her shariah compliant Unit Trust investment during the ‘cooling off’ period stipulated in the relevant prospectus, the Customer will not be eligible to enjoy the 3 months special profit rate for the IFD-i deposit and the prevailing board profit rate for the IFD-i at the time of placement of the IFD-i would be applicable if the Customer continues to maintain the IFD-i.
The Customer further hereby agrees that the Bank’s determination of any amount payable to the Customer under this campaign save for manifest error shall be final, conclusive and binding against the Customer.

3.4. Subject to the terms contained in the prospectus of the relevant shariah compliant unit trust and clause 3.3, the Customer is allowed to exercise their “cooling off right” to unsubscribe or cancel the shariah compliant Unit Trust investment during the “cooling off” period. This right is only available to a Customer who is a first time investor.

3.5. If the Customer exercises the rights in 3.3 and 3.4, the shariah compliant unit trust investment amount and the sales charge shall be refunded in full.

3.6. In the event that the Customer fails to maintain the IFD-i for the full 3 month period or elects to cancel or unsubscribe to the selected shariah compliant Unit Trust within the eligible “cooling off” period stated in the relevant prospectus of the shariah compliant Unit Trust, the Customer will be disqualified from this Promotion and will not be eligible for the said special profit rate for the IFD-i.

3.7. Where the IFD-i is prematurely uplifted, the same shall be subject to the prevailing rules of Association of Islamic Banks in relation to profit rate and Maybank Islamic’s prevailing board rate.

3.8. Subject to the terms of this Promotion, the special profit rate for the IFD-i is only available for 3 months for a Customer who qualifies to participate in this Promotion. Upon expiry of the said 3 month period of the IFD-i, the prevailing 3 month profit rate shall apply to any roll overs or renewal of the IFD-i placement.

3.9. In the event the Customer terminates the Unit Trust after the “cooling off” period, stipulated in the prospectus for the Unit Trust, during the Promotion Period , the Customer will not be entitled to the benefits of this Promotion. However, the Customer may be eligible to the Maybank Islamic prevailing profit for IFD-i if the IFD-i continues to be maintained

4. Other Terms and Conditions

4.1. All the existing terms and conditions governing IFD-i and the relevant shariah compliant Unit Trust shall continue to apply.

4.2. This Promotion shall be governed by the laws of Malaysia

4.4. By participating in this Promotion, the Customer agrees to be bound by the Terms and Conditions herein set forth.

4.5. These terms and conditions shall be supplemental to the existing terms and conditions governing banking accounts. These terms and conditions shall prevail over any provisions or representations contained in any promotional materials (including without limitation printed posters or leaflets) advertising this Promotion.

4.6. Maybank Islamic shall not be responsible and/or liable nor shall it accept any form of liability whatsoever nature and howsoever arising or suffered by Customers resulting directly or indirectly from the Customers’ participation in the Promotion or otherwise.