Maybank Ikhwan Credit Cards Compared (2026): Amex, Petronas, Visa, Mastercard

Maybank Islamic's Ikhwan range is seven cards on one Shariah contract, and the right one depends on where you spend. The Petronas Ikhwan Visa Platinum and Gold pay 8% cash back at Petronas stations on Saturday and Sunday, capped at RM50 a month. The Ikhwan American Express Platinum Card-i pays 8% cash back on online spend. The Mastercard Platinum and Gold pay 5% on petrol and groceries on Friday and Saturday, also capped at RM50, and put 0.1% of every purchase into a charity fund. All of them except the Visa Infinite (RM800 a year) carry a lifetime fee waiver. Since 26 December 2025 every Ikhwan card runs on Commodity Murabahah rather than Ujrah and Qard. This comparison sits inside our wider Islamic credit card guide for Malaysia.

Which Ikhwan cards does Maybank Islamic currently list?

On 14 September 2026 the Maybank2u card pages listed seven consumer Ikhwan cards: the Ikhwan American Express Platinum Card-i, the Petronas Ikhwan Visa Platinum Card-i, the Petronas Ikhwan Visa Gold Card-i, the Ikhwan Mastercard Platinum Card-i, the Ikhwan Mastercard Gold Card-i, the myimpact Ikhwan Mastercard Platinum Credit Card-i and the Ikhwan Visa Infinite Card-i. Maybank also lists a World Elite Mastercard Ikhwan, but its product page returned a template error when we fetched it, so we leave it out of the tables below rather than guess at its terms.

Every card is issued by Maybank Islamic Berhad, the Islamic subsidiary profiled on our Maybank Islamic page. The cards share the same application documents (latest BE form, three months of salary slips, six months of statements), the same TreatsPoints redemption rate of 500 points to RM1, and the same cash advance charge of 2.52% of the amount withdrawn or RM11.65, whichever is higher, effective 7 January 2026. What differs is the network, the income floor, the rebate category and the cap.

What changed in the Shariah contract on 26 December 2025?

Maybank published an announcement dated 5 December 2025 stating that, effective 26 December 2025, the Shariah contract for all Maybank Islamic cards would be replaced from Ujrah and Qard to Commodity Murabahah. The bank described this as an industry-wide replacement across all banks and said that all card features and benefits remain unchanged with no additional cost to the customer. Cardholders who disagreed had until 23 December 2025 to opt out by email to mibcards@maybank.com from their registered address.

In practice the change is about what the profit charge legally is. Under the old Ujrah structure the bank charged a fee for the card service and extended Qard, a benevolent loan, for the balance. Under Commodity Murabahah the bank sells you a Shariah-compliant commodity on deferred payment at a marked-up price, and your revolving balance is the deferred sale price. The ceiling for that mark-up is set in the new Ikhwan Credit Card-i terms and conditions and product disclosure sheet that Maybank linked from the announcement. We could not retrieve the PDS during this task, so we do not print the contracted profit rate here; ask for the PDS before you accept a card.

How the cash back and TreatsPoints actually work, card by card

The headline percentages are easy to misread because each card restricts the category, the day of the week and the monthly cap. The table below uses only what the product pages state. Where Maybank keeps the detail in a separate terms PDF that we could not open, the cell says so.

Two general rules apply across the range. Since 8 July 2019 e-wallet reloads earn no TreatsPoints, Membership Rewards, AirMiles or cash back on any Maybank card. And since 15 April 2016 government payments, JomPay and FPX earn nothing, while education, insurance, takaful, petrol and 0% EzyPay-i instalments earn only 1x points. The myimpact card goes further: from 1 January 2026 it awards no TreatsPoints at all, so its value is entirely the cash back.

Petronas Ikhwan fuel rebate: the mechanics and the RM50 ceiling

The Petronas Ikhwan Visa Platinum and Visa Gold pay 8% cash back for spending at Petronas stations on Saturday and Sunday and 1% from Monday to Friday, with the rebate capped at RM50 per month. At 8%, the cap is reached once weekend Petronas spend hits RM625 in a month. A commuter who fills up RM300 a week, all of it on weekdays, earns 1% on RM1,300, which is RM13. The same driver who moves two of those fills to the weekend earns 8% on RM600 plus 1% on RM700, which is RM48 plus RM7, truncated to the RM50 cap. The card is built for people who can choose when they refuel.

The Platinum requires RM60,000 of annual income and the Gold RM30,000, and both carry the lifetime fee waiver with, in Maybank's words, no conditions attached. The pages also describe an automatic reload card linked to the Petronas Ikhwan Visa and an Etiqa Mutiara Takaful Plus plan at RM10 a month, which is an optional add-on rather than a card feature. If you do not drive to a Petronas station most weeks, the Mastercard Platinum's 5% on petrol and groceries on Friday and Saturday is the broader category.

Late payment charge and unpaid balances after the contract change

Maybank's myimpact page is the clearest statement of the standard Ikhwan late payment charge, because it advertises the exception: on myimpact there is no late payment charge, and the page says that the usual 1% or RM10 minimum does not apply. Read that in reverse and you have the rule for the other six cards: a late payment compensation charge (ta'widh) of 1% of the overdue amount, with an RM10 minimum, if the minimum payment is not received by the due date. The same page states that profit on myimpact is calculated on principal only, not on previously accrued charges, and the Amex, Petronas and Mastercard pages all describe non-compounding charges as a benefit.

What a ta'widh charge is, who keeps it and why Islamic banks cannot compound it is set out in our explainer on ta'widh and gharamah in Malaysia. The short version for cardholders: it is compensation for the bank's actual cost, it is capped by Bank Negara Malaysia, and it is not a profit centre. The myimpact card also removes it entirely, which makes it the safest Ikhwan card for someone who occasionally misses a due date.

Ikhwan versus CIMB Platinum-i on fees and the fine print

The obvious alternative is the CIMB Platinum-i Credit Card from CIMB Islamic, which our CIMB Islamic guide rates highly on card disclosure. CIMB's Islamic card fee page, fetched on 14 September 2026, shows the Platinum-i annual fee waived for principal and supplementary cards, a minimum monthly payment of 5% of the current balance or RM50, ta'widh of 1% of the unpaid balance with a minimum of RM10 and a maximum of RM100, a tiered effective profit rate of 15%, 17% or 18% a year depending on payment record, and a 20-day grace period on retail transactions.

CIMB's rebate percentages were not on the fee page, and the Platinum-i product page returned a 404 when we fetched it, so a like-for-like rebate comparison on a stated monthly spend is not possible from official sources today; our separate CIMB Platinum-i card review covers that card on its own terms. What we can say is that both banks waive the annual fee, both charge a 1% ta'widh with an RM10 floor, and only CIMB prints its three-tier profit rate on a public page. Maybank's equivalent is in the new Commodity Murabahah PDS. For a side-by-side across more banks, use the HalalWallet comparison tool.

Who should hold which Ikhwan card

• A fuel-heavy commuter who can refuel at Petronas on weekends should take the Petronas Ikhwan Visa Gold if income is between RM30,000 and RM60,000, or the Visa Platinum above that; both hit the RM50 cap at RM625 of weekend fuel.
• An online shopper who rarely drives should take the Ikhwan American Express Platinum for the 8% online cash back, after reading the cash back terms for the monthly cap.
• A household that does its weekly grocery run on Friday or Saturday should take the Ikhwan Mastercard Platinum, or the Gold at RM24,000 of income, for the 5% rebate and the 0.1% charity contribution.
• A young earner who wants no annual fee, no late payment charge and spends on public transport, education and wellness should take the myimpact Ikhwan Mastercard Platinum, accepting that it earns no TreatsPoints.
• A frequent overseas traveller earning RM100,000 or more should price the Ikhwan Visa Infinite's RM800 fee against 5 TreatsPoints per RM1 overseas, Plaza Premium lounge access and travel takaful before paying it.

Verdict

Pick by your largest predictable spend category, not by tier. The Petronas Ikhwan Visa cards are the best fuel cards in Malaysian Islamic banking for weekend refuellers and worthless for weekday-only drivers. The Mastercard Platinum and Gold are the balanced household cards. The myimpact card is the only one that removes the late payment charge, and the Amex is the online card, subject to a cap we could not verify. Hold the Visa Infinite only if you travel enough to earn back RM800 in points and lounge visits. Whichever you choose, request the Commodity Murabahah PDS and check the contracted profit rate before signing; it is the one number Maybank does not print on the product pages. Budget the repayment the same way you would any Islamic personal financing: pay in full each month and the contract structure never costs you anything. Facts checked against maybank2u.com.my, cimb.com.my on 14 September 2026.

Frequently asked questions

Is the Maybank Ikhwan credit card Shariah-compliant?

Yes. The Ikhwan cards are issued by Maybank Islamic Berhad, a licensed Islamic bank, and since 26 December 2025 they run on a Commodity Murabahah contract, replacing the earlier Ujrah and Qard structure. Maybank's announcement says the replacement was an industry-wide exercise and that card features, benefits and costs did not change. The product pages describe charges as non-compounding.

Which Maybank Ikhwan card has no annual fee?

Six of the seven. The Ikhwan Amex Platinum and both Petronas Ikhwan Visa cards carry a lifetime fee waiver, the Ikhwan Mastercard Platinum and Gold are free for life, and the myimpact card has no annual fee. Only the Ikhwan Visa Infinite charges a fee, RM800 a year, against a minimum income of RM100,000.

How much petrol cash back does the Petronas Ikhwan Visa give?

8% cash back on spending at Petronas stations on Saturday and Sunday and 1% on Monday to Friday, capped at RM50 a month. At 8% the cap is reached at RM625 of weekend spend. The Platinum needs RM60,000 of annual income and the Gold RM30,000. Both have a lifetime fee waiver with no spending condition.

What is the late payment charge on a Maybank Ikhwan card?

The standard charge is a ta'widh of 1% of the overdue amount with an RM10 minimum, which Maybank's myimpact page calls the usual charge. The myimpact Ikhwan Mastercard Platinum is the exception: it has no late payment charge at all. Ta'widh is compensation for the bank's actual cost and cannot be compounded under Bank Negara Malaysia's rules.

What is the minimum income for a Maybank Islamic credit card?

RM24,000 a year for the Ikhwan Mastercard Gold and the myimpact Ikhwan Mastercard Platinum, RM30,000 for the Petronas Ikhwan Visa Gold, RM40,000 for the Ikhwan Amex Platinum and Mastercard Platinum, RM60,000 for the Petronas Ikhwan Visa Platinum, and RM100,000 for the Ikhwan Visa Infinite. Applicants must be Malaysian and supply recent payslips or tax forms.

Can I earn TreatsPoints on e-wallet reloads with an Ikhwan card?

No. Since 8 July 2019 e-wallet reloads earn no TreatsPoints, Membership Rewards, AirMiles or cash back on any Maybank or Maybank Islamic card. Government payments, JomPay and FPX transactions also earn nothing, and petrol, education, insurance, takaful and 0% EzyPay-i instalments earn only 1x points. The myimpact card stopped awarding TreatsPoints altogether on 1 January 2026.