World Mastercard Ikhwan 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

Not published

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One-time management charge of 2.52% of the amount withdrawn or a minimum of RM11.65 per transaction, whichever is higher, effective 7 January 2026 (stated by Maybank for Islamic Credit Cards across Visa / Mastercard /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.

Replacement card

RM 50

What you get back

• Local: RM2 : 5 TreatsPoints
• Overseas: RM1 : 5 TreatsPoints
• 10,000 TreatsPoints on first spend
• 1 TreatsPoint on utilities, petrol, education, EzyPay and insurance
• No TreatsPoints on Government Bodies transactions
• 0.2% of cross-border spend donated to Waqaf and Zakat managed by Maybank Islamic, capped at RM100 per month per cardmember

Other benefits

• Golf privileges at clubs worldwide, subject to RM5,000 spend in the previous month's statement
• 5 complimentary Plaza Premium Lounge visits per year
• Marriott Bonvoy dining privileges in Malaysia

Before you apply

• DISCONTINUED. Maybank announced that effective 7 October 2024, Maybank Islamic World Mastercard Ikhwan cardmembers would be upgraded to the all-new Maybank Islamic World Elite Mastercard Ikhwan. The card is absent from the current credit card listing and from the current Product Disclosure Sheet product table.
• Airmiles were devalued effective 22 May 2024: 10,000 TreatsPoints = 1,000 Enrich/KrisFlyer/Asia Miles (previously 8,000).
• 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.
• 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?

Other conditions

Maybank stated the requirement as a MINIMUM ANNUAL INCOME of RM100,000 — no monthly figure was published, so min_monthly_income is left null. No age range was stated on the page.

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.

• “We are pleased to inform you that effective 7 October 2024, Maybank Islamic World Mastercard Ikhwan Cardmembers will be upgraded to the all-new Maybank Islamic World Elite Mastercard Ikhwan. Stay tuned for additional benefits to be announced. — Maybank Islamic World Mastercard Ikhwan Card product page, Important Announcement”
• “Minimum annual income: RM100,000 — product page”
• “TreatsPoints — Local: RM2 : 5 TreatsPoints; Overseas: RM1 : 5 TreatsPoints; 10,000 TreatsPoints upon first spend — product page, Benefits”
• “0.2%* from cross border spend on your Maybank Islamic World Mastercard Ikhwan Card-i will be donated to Waqaf & Zakat managed by Maybank Islamic ... Subject to a capping of RM100 per month per Cardmember. — product page”
• “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 2025-02-11 (the page is no longer captured after that date); listing snapshot 2026-06-11 confirms absence.”

• Product page
• Schedule of charges