Objective
Building upon the existing vehicle financing options provided to individual/retail customers, Bank Muamalat Malaysia Berhad (BMMB) now offers vehicle, commercial truck, and equipment financing to business entities/commercial customers.
Product
- Muamalat Industrial Hire Purchase-i Financing (MIHP-i)
Eligible Business Entities
- Sole-Proprietorship, Partnership , Public/ Private Limited Company.
- Association, club and co-operatives society , Trustee.
- Professional bodies (doctor / lawyer), and state government.
- At least 51% shares held & controlled by Malaysian Citizen.
Years of Business
- Has been in operation for a minimum of 3 years (including conversion / upgrade from soleproprietor and partnership under similar business activities)
- The key person must have a minimum of 3 years of experience in a business of similar nature.
Restricted Business / Applicant
Business activities not comply to shariah
Type Of Asset / Motor Vehicle / Equipment
- Car, 4×4, Bus, Taxi
- Commercial Vehicle
- ICT Equipment, Other Plant and Machinery
Application Type
- Normal application (immediate acquisition for single or multiple units)
- Blanket line facility (immediate acquisition / for project / fleet owners)
Takaful / Insurance
Recommended customers to take Takaful protection on the asset/equipment with Bank Muamalat Malaysia Berhas as HP owner and with acceptable sum insured.
Financing Coverage
Whole Malaysia
Type Of Profit Rate
Flat Rate / Fixed Rate
* Terms and conditions apply