Ikhwan American Express Gold Card-i

What makes this card Islamic

Maybank Islamic builds this card on a Tawarruq contract. The bank sells you a commodity on credit at a marked-up price, you sell that commodity to somebody else for cash, and the cash becomes your spending limit.

MIGRATION IN PROGRESS. Every Maybank Islamic Ikhwan card page carried this notice when read (2026 snapshots): "all Islamic Cards approved before 26th December 2025 will have their Shariah contract replaced from Ujrah and Qard to Commodity Murabahah". Commodity Murabahah is the Malaysian market's name for the Tawarruq (commodity murabahah) structure; "Commodity Murabahah" is Maybank Islamic's own verbatim wording — the pages read do NOT use the word 'Tawarruq' and do NOT name the commodity platform (Bursa Suq Al-Sila' is the usual venue but is NOT stated by the bank). LEGACY STRUCTURE (still described in the Product Disclosure Sheet Maybank hosts, updated October 2024): Ujrah (fee on services) for the Effective Management Fee, combined with Qard (loan) for use of the card limit, with Ibra' (rebate) granted against a Fixed Management Fee. No Bai' al-Inah is named in any Maybank Islamic card document read. The hosted PDS had not been reissued to reflect the Commodity Murabahah contract as at the last archived copy (8 November 2025), so its fee/rate table is still expressed in Ujrah terms.

What it costs

Every figure below comes from Maybank Islamic’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

Lifetime annual fee waiverLifetime annual fee waiversource

Profit rate

1.25% a month on the outstanding balance15% a year as stated by the banksource

Cash withdrawal

One-time management charge of 2.52% of the amount withdrawn or a minimum of RM11.65 per transaction, whichever is higher, effective 7 January 2026 (stated by Maybank for Islamic Credit Cards across Visa / Mastercard / American Express). SUPERSEDES the October 2024 Product Disclosure Sheet, which still states 5% of the withdrawal amount or a minimum of RM18. The outstanding cash advance additionally attracts the Effective Cash Advance Management Fee of 18% p.a. / 1.50% per month, computed daily.

Late payment

RM 10A minimum of RM10 or 1% of total outstanding balance, whichever is higher, up to a maximum of RM100.

Foreign currency spend

2.5% on top of the exchange rate

Replacement card

RM 50

What you get back

• 5x TreatsPoints on all petrol expenditure
• 2x TreatsPoints on all other expenditure

Other benefits

• Lifetime annual fee waiver
• Balance transfer facility
• Non-compounding charges
• American Express SELECTS worldwide offers

Before you apply

• STATUS UNCERTAIN. This card still has a live page on the legacy Maybank Islamic microsite (maybank2u.com.my/Islamic, read at the 8 March 2026 snapshot), but it does NOT appear on the main maybank2u credit card listing (11 June 2026 snapshot) and it is NOT in the eight-product table of the current Product Disclosure Sheet. It is most likely closed to new applications; treat as legacy until Maybank confirms.
• The legacy microsite still describes this as a "ujrah based credit card-i" and its on-page calculator asks for an "Ujrah rate (p.a.)" — that microsite has not been updated for the Commodity Murabahah migration.
• Government service tax of RM25 is imposed on EACH principal and EACH supplementary Ikhwan credit card-i, on activation and on annual renewal. Maybank Islamic passes it on; it is not absorbed, and it applies even where the annual fee itself is waived.
• American Express conversions are charged at 2.5% of the converted amount, and non-USD charges are first converted into US Dollars before being converted into the billing currency (a second conversion step).
• The card is blocked at non-Shariah-compliant Merchant Category Codes: 5921 (beer/wine/liquor stores), 5993 (cigar stores), 7261 (funeral services and crematories), 7273 (dating services), 7800/7801/7802 (US government lotteries, licensed online casinos, licensed horse/dog racing), 7995 (betting), 9406 (non-US government lotteries) and 9754 (gambling — horse and dog racing, state lotteries).

Can you get it?

Age

21 to 65

Other conditions

Maybank states the requirement as an ANNUAL INCOME of at least RM30,000 — no monthly figure is published, so min_monthly_income is left null. Malaysians or expatriates, and a current Maybank/Maybank Islamic account holder. Principal cardholders between 21 and 65; supplementary cardholders at least 18.

What to have ready

• Copy of NRIC (both sides) or Passport
• Salaried: latest 3 months' salary slips and latest 6 months' savings/current account statements
• Self-employed: Income Tax Return (Form B / latest EA form), Business Registration Certificate / Trading Licence / Form 9, Form 24, Form 49, and latest 6 months' company or personal bank statements
• Expatriates: letter from employer confirming duration of employment contract in Malaysia
• Supplementary cardholder: copy of NRIC (both sides) or Passport

Where these figures come from

Last checked against Maybank Islamic’s published documents on 2026-08-17. Banks change fees without notice, so treat the bank’s own document as the final word, not this page.

• “Ikhwan American Express Gold-i — This ujrah based credit card-i Gold Card earns you 5x TreatPoints on all petrol spend. — Maybank Islamic all-cards page”
• “It's 5 x Treats Points on all petrol expenditure plus 2x Treats Points on all other expenditure. Don't forget the lifetime annual fee waiver, balance transfer facility and non-compounding charges. — Ikhwan American Express Gold-i product page”
• “First are you a Malaysian, or an expatriate? A current Maybank/ Maybank Islamic account holder? And is your annual income at least RM30,000? As a principal cardholder are you between 21 to 65, and are any supplementary cardholders at least 18? — product page”
• “Not listed among the eight Maybank Islamic Ikhwan products in the Product Disclosure Sheet (October 2024) and not present on the main maybank2u credit card listing page read on the 11 June 2026 snapshot.”
• “RETRIEVAL NOTE: www.maybank2u.com.my is unreachable from this network (Akamai edge times out on curl, Playwright and WebFetch alike). Every figure recorded here was read from the byte-identical Internet Archive capture of Maybank's own page or PDF; snapshot dates are given per card. No aggregator was used. Product page snapshot 2026-03-08; listing snapshot 2026-06-11.”
• “A Maybank Islamic Ikhwan Credit Card-i is an Islamic Credit Card, based on the Shariah principle of Ujrah (fee on services). Under the Shariah principle of Ujrah, we are entitled to charge you the Effective Management Fee in exchange for all the services that are made available to you. — Product Disclosure Sheet, Maybank Islamic Ikhwan Credit Card-i (Updated October 2024), s.1”
• “Qard (loan): Under the Shariah contract of Qard, you may utilise the Card based on the Card Limit approved by us. — PDS (October 2024), s.2”
• “Ibra' (Rebate): We have the rights to give rebate on the Effective Management Fee and the rebate will be calculated based on the differences between Fixed Monthly Management Fee and Effective Management Fee and/or Effective Cash Advance Management Fee at the relevant Statement date. — PDS (October 2024), s.2”
• “Effective Management Fee: For prompt payment of 12/12 months 15% per annum / 1.25% per month; For prompt payment of 10/12 months 17% / 1.42%; For prompt payment of less than 10/12 months 18% / 1.50%. — PDS (October 2024), s.2”
• “Pendahuluan tunai (dikira atas dasar harian) 1.50% [bulanan] / 18% [tahunan] — PDS (October 2024), Bahasa Malaysia table, s.2 (cash advance, computed on a daily basis)”
• “Late Payment Charges: A minimum of RM10 or 1% of total outstanding balance, whichever is higher, up to a maximum of RM100 except for Maybank Islamic myimpact Ikhwan Mastercard Platinum Credit Card-i with zero late payment charges. — PDS (October 2024), s.5”
• “Service Tax: RM25 imposed on each principal and supplementary Ikhwan credit card-i — PDS (October 2024), s.7”
• “Card Card-i Replacement Fee: RM50.00 per card except for World Elite Mastercard Ikhwan Credit Card-i (RM175.00). — PDS (October 2024), s.7”
• “The exchange rate used for the conversion reflects a bundling of (i) currency conversion components of 1.25% imposed by Visa International/Mastercard International (in the case of Visa or Mastercard Cards), and (ii) 1% or other rate imposed by us periodically. — PDS (October 2024), s.7”
• “Dear valued customer, please be informed that all Islamic Cards approved before 26th December 2025 will have their Shariah contract replaced from Ujrah and Qard to Commodity Murabahah. — notice carried on every Maybank Islamic Ikhwan card product page”

• Product page
• Schedule of charges