Personal Financing-i
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. With the competitive rates, you can increase your cash flow & manage money at every step of your lives.
| Term | Description |
| Concept | Tawarruq |
| Selling price | Fixed and Known Upfront |
| Takaful Protection | Highly encouraged |
| Choices Mode of Payment | Salary Deduction / Salary Transfer / Standing Instruction |
| Wasiat/Will Writing | Optional |
| Structure of Product | Muamalat Personal Financing-i (Tawarruq) is a financing facility designed to provide cash financing to customers for personal financial needs provided that the purpose does not contravene Shariah principles. This product is based on the shariah concept of Tawarruq as its underlying structure for financing. The Tawarruq arrangement incorporates several Shariah contract,namely Wa’d Mulzim (binding promise), Murabahah (cost-plus sale), and Wakalah (agency). |
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