Collateralized Personal Financing-i Program

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 Use – Cash Consumption, debt consolidation, education, medical etc

Eligibility

• Proof of monthly income of RM 3,000.00
• Malaysian citizen Age 18 and above (no cap on maximum age)
• Permanent position or Contractual staff min 1 year of service
• Self-employed / Sole proprietor / Business owner

Mode of Payment

• Salary Deduction at Source
• Salary Transfer to Bank Muamalat
• Standing Instruction

Required Documents / Proof of Income

• Salary Earner

• • Copy of MyKad
  • Copy of 1 month pay slip
  • Copy of 1 month bank statement showing salary credited
  • Other supporting documents (if needed) – EPF statement, EA Form, etc

• Self Employed

• • My Kad
  • Business registration
  • Latest financial statement OR Income tax return
  • latest 6 months current account statement

Collaterals

• Bank’s Own Products:-

• • SA-i
  • FTA-i
  • Muamalat Gold (MG-i) Account

Profit Rate

Competitive Flat & Floating Rate

Financing Tenure

• Minimum 2 years
• Maximum 10 years

Financing Amount

• Minimum RM10,000

Margin of Financing (MOF)

Calculator