Cash-i Muamalat (Government, GLCs, GLICs & Employers under Empanelment Program-EEP)
Solutions to your financial needs. Whether you need extra money for a rainy day or an opportunity that can’t wait, we have the solution for you.
Purpose
For Personal Use – Cash Consumption, debt consolidation, education, medical etc.
Eligibility
- Age 18 and above
- Financing up to 60 years old or up to retirement age (whichever is earlier)
- Malaysian citizen
Government Employees
- Federal and State Governments
- Confirmed position or is a permanent staff
- Minimum Income (salary + fixed allowance) of RM3,000 and above
Newly Employed Civil Servant (NECS)
- Minimum Income of RM2,000
- Employment less than 1 year
Contract Government Servant
- Minimum Income of RM 2,000
- More than 1 year working experience
- Grade 41 and above except Nurse U29
1) Employers under Empanelment Program
- Minimum Income (salary + fixed allowance) of RM3,000 and above
- Confirmed position or is permanent staff
- Employment on contractual basis can be considered for managerial level
- Staff employed under Employer Empanelment program
2) Employers under Empanelment Program
- Minimum Income (salary + fixed allowance) of RM2,000 and above
- Permanent status employees only.
- Not eligible for contract employees or other non-permanent arrangements e.g. internships, temps (temporary employees)
Mode of Payment
- Salary deduction at source
- Salary Transfer to Bank Muamalat
- Standing Instruction.
Required Documents
- Mykad
- Latest 3 months payslips
- Latest 3 months Bank statement showing salary crediting
- Employment Confirmation Letter (ECL) or HRMIS printed at branch
(only applicable for government servant) - Any other income supporting document (if required – EA, EPF)
- Undertaking letter to transfer salary or salary deduction or
- Clause to transfer or salary deduction in Employment Confirmation Letter (ECL)
Financing Amount
- Minimum RM10,000
- Maximum RM400,000
EEP – Minimum Income RM2,000 and above.
- Minimum RM5,000
- Maximum RM30,000
Financing Tenure
- Minimum 2 years – Maximum 10 years
Profit Rate
Competitive Flat & Floating Rate
