Bank Muamalat Malaysia Berhad » SMART Mortgage WAQF

Buying property developed in Waqf Land

Term Description
Package NameSMART Mortgage WAQF
Eligibility
  • All individuals, joint applicants, residents and non-residents
  • For properties developed on the Waqf land from selected and eligible developer/projects
  • Benefits
  • Financing Moving Costs and Related Expenses (MCRE) i.e. MRTT/LTHT, legal fees, valuation fee & stamp duty
  • Fully-Shariah compliant product
  • Margin of FinancingMargin of Financing up to 90%+10% MCRE
    TenureFinancing tenure up to age of 70 years or maximum duration of 35 years, whichever is earlier
    Documents required
  • Photocopy of I/C of applicant(s)
  • Latest 3-month salary slips
  • Latest J/EA Form
  • Confirmation letter from employer
  • Original S&P Agreement/ booking sheet/ down payment receipt
  • Business Registration and other related forms for self-employed (whichever is applicable)
  • Latest 3-month Bank Statement
  • Any additional documents if required by the Bank

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    Download

    PDS-Property Financing-i (Tawarruq)

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    Application Form Consumer Financing - BI

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    Borang Permohonan Pembiayaan Konsumer - BM

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