Cash-i SMART
Smart finance solutions that provide peace of mind & comfort.
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.
Eligibility
- Malaysian citizen age 18 until 70 years old (if applicable)
- Minimum monthly income RM2,000
- Salaried employees
Features and Benefits
- Fast approval
- Online application
- No processing fees and apply through MAP
- No collateral required
- No guarantor
- Up to 7 years tenure
- Monthly instalment as low as RM211 per month
- Optional takaful coverage
Market Segment
Mass Market/Affluent Market/Professional for retail consumer, corporate and government including Public Listed Companies, MNCs and Private Limited
Profit Rate
| Tenure (years) | Flat Rate | Equivalent to Effective Profit Rate |
| 2-7 | 6.99% p.a. to 10.99% p.a | 12.89% p.a. to 18.08% p.a |
Financing Tenure:
Minimum: 2 years | Maximum: 7 years
Financing Amount:
Up to RM250,000
Total Income:
Minimum income of RM2,000
Document Required
- Copy of MyKad
- Copy of 1 month pay slip
- Copy of 1 month bank statement showing salary credited
- Copy of EPF statement
