Islamic banking refers to a banking facility that complies with Islamic law also known as Shariah law. The underlying principles that govern Islamic banking are mutual risk and profit sharing between parties, the assurance of fairness for all and that transactions are based on an underlying business activity or asset that is compliant with Islamic principles.

These principles are supported by Islamic banking's core values whereby activities that cultivate entrepreneurship, trade and commerce and bring societal development or benefit is encouraged. Activities that involve interest (riba), gambling (maisir) and speculative trading (gharar) are prohibited.

The Shariah principle is a framework of Islamic law to guide all aspects of life including rituals/worship (ibadat), family matters (munakahat), financial transactions (muamalat) and punishment of crimes (jinayat).

Maybank Philippines is offering Islamic Banking to provide Shariah - compliant products to Filipinos, providing alternative banking opportunities in the local market where such services are not yet available.

Customers can be assured that all Islamic Banking products offered by Maybank Philippines will undergo the review process and approval of the Shariah Committee of Maybank Islamic Berhad, bringing extensive experience, established infrastructure, and a proven framework for Islamic Banking in Malaysia and other Asian countries.

The key difference is that Islamic banking operates in accordance with the Shariah law, which is fundamental for Islamic banking. Islamic banks are founded firmly by Shariah principles and must strictly comply with the end-to-end Shariah requirements.

Customers benefit from Shariah compliant investment, profit-certainty, no hidden charges, and adherence to Shariah requirements

No, non-Muslims can also avail of Maybank’s Islamic products.

Currently, Maybank Philippines offers Shariah-compliant savings and current accounts.

Yes, it is true as charging or earning interest is prohibited under Shariah law. However, for Shariah Compliant accounts, there is profit which generated from Shariah compliant activities that can be enjoyed by the account holder.

Yes, customers can avail both conventional and Islamic bank products.

Customers have the option to switch between conventional and Islamic accounts by closing their conventional account and opening a new Islamic one. However, we recommend opening a new Islamic account in addition to their current existing account to optimize their earning potential and maintain their options.

The Shariah contract used is a Commodity Murabahah (CM), a type of contract having a cost-plus sales arrangement.

In a Commodity Murabahah deposit, customers deposit their money with Maybank Philippines. Instead of earning interest, Maybank Philippines will use the deposits to buy and sell commodities (as deemed fit by the bank) from a commodity trader at a profit. A portion of this profit is then shared with the customer, providing a return on their deposit in a Shariah-compliant manner.

Yes, CM-based CASA provides profit.

Yes, Maybank Philippine's Islamic bank accounts are deposit products regulated by the BSP.

Maybank Philippines, Inc. Islamic Deposit products are insured by PDIC up to P1 Million per depositor.

Yes.

Yes, you can transfer funds between your conventional and Islamic bank accounts easily. You can do this through online and mobile banking platforms or by visiting any Maybank branch nationwide.

With the Maybank Islamic deposit products, you can:

• Direct Transfers – Easily deposit funds over the counter or transfer funds using online or mobile banking.
• Debit Card Access – Withdraw funds and make purchases locally and internationally
• Online and Mobile Banking – Conveniently manage accounts, transfer funds, and pay bills and make purchases using QR payment.

Our Islamic Banking services are available at the following branches:

Branch Name	Address	Tel. No.
(1) Main Office Branch	G/F Maybank Corporate Centre, 7th Ave. cor. 28th St., Bonifacio High Street Central, Bonifacio Global City, Taguig City	(02) 8478-1155 (02) 8519-6325
(2) Greenhills Branch	G/F Unit 2 Greenhills Mansions, 37 Annapolis St., Greenhills, San Juan	02) 8721 - 6163 (02) 8721 - 1895 (02) 8721 – 3194
(3) Cebu Business Center	Zenith Central, Lot 2 Blk. 19 Luzon Ave., Cebu Business Park, Cebu City	032) 520 - 5038 (032) 520 - 5425 (0917) 563-5494
(4) Davao Business Center	G/F HAI Bldg., Pryce Business Park, JP Laurel Ave., Davao City	(02) 8359-2709 (082) 222-0295 (082) 321-7600 (082) 222-0328
(5) Zamboanga Branch	G/F BG Bldg., Veterans Avenue, Zamboanga City	(062) 992 - 6772 (062) 992 – 6759

Yes, you can conveniently deposit and withdraw funds at any Maybank branches or ATMs nationwide without additional charges. Additionally, you have the option to withdraw from ATMs of other local or international banks subject to a transaction fee.

Yes, you can enroll your Islamic bank account in your M2U internet banking or M2U mobile banking app. Here’s how:

(1) Login to M2U via the Website www.maybank.com.ph.
(2) Click "Account Maintenance".
(3) Enter the Islamic CASA Account No. to be linked and Click "Continue".
(4) Request for the Transaction Authorization Code (TAC).
(5) Enter TAC sent to M2U registered mobile number and click "Confirm" to complete process.

If you do not have M2U access, you will need to enroll first to view your Islamic account. Here’s how to enroll in M2U:

(1) Launch the New Maybank2u PH (M2U) Mobile App and go through the introduction screens for a quick guide on the M2U functionalities by tapping on the "Next" button.
(2) Read and Agree on the Privacy Notice and Internet Banking Term & Conditions.
(3) You will be redirected to the Pre-Login Dashboard. Tap "Log In Now" to proceed.
(4) You will be redirected to the Login screen. Tap "Register for Maybank2u"at the lower portion of the screen.
(5) Tap on the dropdown list and select the type of account to be enrolled. (6) Select "Deposit".
(7) Enter your IB Access Number and First Time Activation Code (FTAC). Read& agree to the Terms & Conditions then tap "Next".
(8) Create your Maybank2U username.
(9) Create your Maybank2U password.
(10) Select a security image.
(11) Enter a security phrase.
(12) Set up three (3) security questions and answers.
(13) Create your 6-digit PIN. This will be used as backup to your biometric login.
(14) Re-enter your PIN to confirm.
(15) Enable Biometric or Face ID.
(16) Scan your fingerprint or capture Face ID.
(17) Enter your preferred Display Name that will appear on your M2U dashboard.
(18) Select your Primary Account for M2U transactions and tap "Next".
(19) Activate Secure2u (S2U) for a safer and faster way to authorize your transactions.
(20) Confirm the device name to be linked to Secure2u and tap "Next".
(21) Enter the OTP to complete S2U activation.
(22) Your Secure2u (S2U) is now enabled, tap Done to complete activation.

Yes, you can use your Islamic bank accounts as source of payment for your bills and QR payments using the M2U internet banking or M2U mobile banking app.

Yes, customers can request bank certification for their Islamic accounts. The fee for this service is Php200.00

Standard limits, fees and charges apply. For details on the applicable banking fees and charges, please visit https://www.maybank.com.ph/en/personal/deposits/fees-charges.page

To ensure our financing products comply with the Shariah principles, Islamic financing will be offered once Maybank Philippines obtains Shariah-compliant funding.