Cash-i Muamalat Premier
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.
Muamalat Personal Financing-i (Tawarruq) is a financing facility that is designed to provide financing to the customers for personal financial needs which does not contravene with the Shariah principles. Generally, this product is based on Tawarruq as its underlying Shariah concept for provision of financing. The financing structure under the Tawarruq arrangement involves the combination of Wa’d Mulzim, Murabahah and Wakalah contracts.
Purpose
For personal purpose – Cash Consumption
Product
Also known as Pembiayaan Persiapan Persaraan (3P Special)
Who Can Apply
- Malaysian Armed Forces
- Employment under “Tetap & Berpencen” category
- For LLP – at least 16 years in services
- For Officer – Minimum 5 years before retirement
Tenure
Up to 10 years
Financing Amount
- Minimum: RM 5,000.00
- Maximum: RM 200,000.00
Profit Rate
Competitive & Floating Rate
Mode of Payment
Salary with BMMB
Wasiat/Will – writing
Optional (highly encourage)
Takaful
Optional (highly encourage)
Documents Required
- Copy of MyKad
- Copy of 1 month pay slip
- Latest Settlement Statement (if applicable)
- Investment Statement (if applicable)
Applicants Eligibility
- Repayment Capacity
- Determine by NDI & DSR
- Employment
- Under “Tetap & Berpencen”
