Bank Muamalat Malaysia Berhad » Personal Financing-i

       Low Profit Rate
      As low as 2.49% p.a.

Longer Financing Tenure
Up to 10 years period or age
up to 70 years old.

Various mode of payment available
Payment available via Salary
Deduction / Salary Transfer /
Pension Transfer / Standing Instruction

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.

TermDescription
ConceptTawarruq
Features
  • Minimum Financing : 2 years
  • Maximum Financing : 10 Years
  • Financing Up to RM400,000*
  • Age up to 70 years old*
  • No Guarantor Required
  • No Processing Fee
  • No Hidden Charges
  • Debt Consolidations
*subject to terms and conditions
Selling priceFixed and Known Upfront
Takaful ProtectionHighly encouraged
Choices Mode of PaymentSalary Deduction / Salary Transfer / Standing Instruction / Pension Transfer
Wasiat/Will WritingOptional
Structure of ProductMuamalat Personal Financing-i (Tawarruq) is a financing facility that is designed to provide cash financing to the customers for personal consumption/ use 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, Wakalah and Bai’ Wadhi’ah contracts.
Shariah Concepts
  • Tawarruq consists of two sale and purchase contracts where the first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash basis.
  • Murabahah refers to a sale and purchase of an asset where the acquisition cost and the mark-up are disclosed to the purchaser.
  • Wakalah refers to a contract where a party, as principal (muwakkil) authorizes another party as his agent (wakil) to perform a particular task on matters that may be delegated, with or without imposition of a fee.
  • Wa’d is a unilateral promise which refers to an expression of commitment given by one party to another to perform certain action(s) in the future.
  • Bai’ Wadhi’ah is a sale contract whereby the asset / commodity is sold at lower price than the cost incurred by the Customer.

TermDescription
PurposeFor Personal Use - Cash Consumption, debt consolidation, education, medical etc
Eligibility
  • Age 18 and above
  • Financing up to 60 years old or up to retirement age (whichever is earlier)
  • Malaysian citizen

Government Employees

  • Federal and State Governments
  • Confirmed position or is a permanent staff
  • Minimum Income (salary + fixed allowance) of RM3,000 and above
Newly Employed Civil Servant (NECS)
  • Minimum Income of RM2,000
  • Employment less than 1 year
Contract Government Servant
  • Minimum Income of RM 2,000
  • More than 1 year working experience
  • Grade 41 and above except Nurse U29
1) Employers under Empanelment Program
  • Minimum Income (salary + fixed allowance) of RM3,000 and above
  • Confirmed position or is permanent staff
  • Employment on contractual basis can be considered for managerial level
  • Staff employed under Employer Empanelment program
2) Employers under Empanelment Program
  • Minimum Income (salary + fixed allowance) of RM2,000 and above
  • Permanent status employees only.
  • Not eligible for contract employees or other non-permanent arrangements e.g. internships, temps (temporary employees)
Mode of Payment
  • Salary deduction at source
  • Salary Transfer to Bank Muamalat
  • Standing Instruction.
Required Documents
  • Mykad
  • Latest 3 months payslips
  • Latest 3 months Bank statement showing salary crediting
  • Employment Confirmation Letter (ECL) or HRMIS printed at branch
         (only applicable for government servant)
  • Any other income supporting document (if required - EA, EPF)
  • Undertaking letter to transfer salary or salary deduction or
  • Clause to transfer or salary deduction in Employment Confirmation Letter (ECL)
Financing Amount
  • Minimum RM10,000
  • Maximum RM400,000
EEP - Minimum Income RM2,000 and above.
  • Minimum RM5,000
  • Maximum RM30,000
Financing Tenure
  • Minimum 2 years - Maximum 10 years
Profit RateCompetitive Flat & Floating Rate
TermDescription
PurposeFor Personal Use - Cash Consumption, debt consolidation, education, medical etc
Eligibility
  • Age 18 and above
  • Malaysian citizen
  • Must be a registered member of professional body of the said profession or equivalent
         related qualification and accreditation
  • Minimum income of RM5,000 and above
  • Confirmed position or is a permanent staff
  • Employment on contractual basis with minimum 5 years of working experience in a
         similarly related field/sector
  • Financing up 60 years old. (for Medical Practitioners up to 70 years old)
  • Applicable to
  • Professional 1
    Professional 2

    1) Medical Practitioners (Doctors & Dentists)
    2) Accountants
    3) Lectures
    4) Pilots
    5) Engineers
    6) Architects

    7) Technologist & Technicians
    8) Geologist
    9) Safety & Health Officers
    10) Pharmacists
    11) Veterinarians
    12) Optometrists & Opticians
    13) Quantity Surveyors
    14) Actuaries
    15) PHD Holder


  • Selected employers from the following preferred sectors:-Please refer list of Preferred Sectors Employers
  • 1) Oil and Gas
    2) Financial Service Providers
    3) Healthcare
    4) Telcos - (TM, Celcom Axiata, Maxis, Digi)
    5) Big 4 (Deloitte, PwC, EY & KPMG)
  • Professional firms/Self-employed:
    - At least 5 years of establishment (Kindly refer to the date registration or incorporation)
    - Medical Practitioners (i.e. clinics) at least 1 year of establishment
    - Registered with the relevant professional bodies
    - Having established positive banking relationship with the Bank and/or other financial
        institution
Mode of Payment
  • Salary deduction at source
  • Salary Transfer/Company - Business account transfer/open to Bank Muamalat
  • Standing Instruction
Required Documents Self Employed
  • MyKad
  • Business registration
  • Latest financial statement or; Income tax return. and
  • Latest 6 months current account statement
Professional Certificate
  • Professional Certification / Affiliations / Qualifications (under Professional Program)

Financing Amount
  • Minimum RM10,000
  • Maximum RM400,000
Financing Tenure
  • Minimum 2 years - Maximum 10 years
Profit RateCompetitive Flat & Floating Rate
List of Preferred Sector Employers
List of Preferred Sectors Employers

Download here

TermsDescription
PurposeFor 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 IncomeSalary Earner
  • MyKad
  • Latest 1 month payslip
  • Latest 1 month Bank statement showing salary crediting or
  • Any other income supporting document (if required- EA or EPF)
Self Employed
  • My Kad
  • Business registration
  • Latest financial statement or
  • Income tax return
  • latest 6 months current account statement
CollateralsBank's Own Products:-
  • SA-i
  • FTA-i
  • Muamalat Gold (MG-i) Account
Profit RateCompetitive Flat & Floating Rate
Financing Tenure
  • Minimum 2 years
  • Maximum 10 years
Financing Amount
  • Minimum RM10,000
  • Maximum RM250,000
Margin of Financing (MOF)
No
Accepted Collaterals
MOF
1
SA-i
100%
2
FTA-i
100%
3
MG-i Account
80%
TermDescription
Purpose Debt Settlement & Cash Consumption
ProductAlso known as Pembiayaan Pengurusan Kewangan (PPK)
Who Can Apply
  • Malaysia Armed Forces
  • All Federal/State Government/GLC & Selected Organizations Staff
Tenure Minimum: 2 years
Maximum: 10 years
Financing Amount Armed Forces - Lain-Lain Pangkat (LLP) :
  • Minimum : RM 5,000.00
  • Maximum : RM 80,000.00
  • Armed Forces Officer & Civilian (Government)
  • Minimum : RM 5,000.00
  • Maximum : RM 150,000.00
  • Profit Rate Competitive Flat & Floating Rate
    Mode of Payment
    • Salary with BMMB
    Wasiat/Will - writing Optional (highly encourage)
    Takaful Optional (highly encourage)
    Documents Required
    • Copy of NRIC or ID (front and back)
    • Latest 1 month salary slip (Flat Rate)
    • Latest 2 months salary slip (Floating Rate)
    • Employment Confirmation Letter
    • Latest Settlement Statement
    • Investment Statement (if applicable)
    Applicants Eligibility
    • Repayment Capacity
      - Determine by NDI & DSR
    • Employment
      - Government:- Confirmed Staff                                                                         
      - Non Government:- Permanent and Confirmed staff with minimum 3 years in service
    Repayment Table
    Army Civilian Floating Rate + Takaful + Salary Transfer

    Download here

     

    Army Lain-Lain Pangkat

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    Cash-i Muamalat Debt Management (EEP)

    Download here

    TermDescription
    PurposeFor Debt Settlement & Cash Consumption
    ProductAlso known as PPK Cuepacs Debt Settlement
    Who Can Apply Government staff age 45 years and above under Pension scheme
    Tenure Minimum: 2 years
    Maximum: 10 years
    Financing Amount Minimum: RM 5,000.00
    Maximum: RM 150,000.00
    Profit Rate Competitive Flat Rate
    Mode of Payment
    • Salary with BMMB
    Wasiat/Will - writing Optional (highly encourage)
    TakafulOptional (highly encourage)
    Documents Required
    • Copy of NRIC or ID (front and back)
    • Latest 3 months salary slip
    • Employment Confirmation Letter
    • Latest Settlement Statement
    Applicants Eligibility
    • Repayment Capacity
      - Determine by NDI & DSR
    • Employment
      - Under Tetap & Berpencen Scheme
    Repayment Table
    Cash-i Muamalat Cuepacs Debt Management

    Download here

    Term Description
    PurposePurchase all makes / models of motorcycles which are 150cc and below
    ProductAlso known as PPK Purchase of Motorcycle
    Who Can Apply All Federal / State Government / GLC & Selected Organization staff
    Tenure Minimum: 1 years
    Maximum: 5 years
    Financing Amount Minimum: RM 5,000.00
    Maximum: RM 10,000.00
    Profit Rate Competitive Flat Rate
    Mode of Payment
    • Salary with BMMB
    • Salary Deduction At Source
    Wasiat/Will - writing Optional (highly encourage)
    Takaful Optional (highly encourage)
    Documents Required
    • Copy of NRIC or ID (front and back)
    • Latest 1 month salary slip
    • Price quotation of purchase of motorcycle
    Applicants Eligibility
    • Repayment Capacity
      - Determine by NDI & DSR
    • Employment
      - Government:- Confirmed Staff                                                                         
      - Non Government:- Permanent and Confirmed staff with minimum 3 years in service
    Repayment Table
    Cash-i Muamalat Motorcycle

    Download here

    TermDescription
    PurposeFor personal purpose – Cash Consumption
    ProductAlso known as Pembiayaan Persiapan Persaraan (3P Special)
    Who Can Apply
    • Civil Servant
      - Government staff under pension scheme to retire within 5 years
    • Malaysian Armed Forces
      - Employment under “Tetap & Berpencen” category
      - For LLP – at least 16 years in services
      - For Officer – Minimum 5 years before retirement
    TenureUp to 10 years
    Financing AmountMinimum: RM 5,000.00
    Maximum: RM 250,000.00
    Profit RateCompetitive Flat & Floating Rate
    Mode of Payment
    • Salary with BMMB
    Wasiat/Will - writingOptional (highly encourage)
    TakafulOptional (highly encourage)
    Documents Required
    • Copy of NRIC or ID (front and back)
    • Latest 1 month salary slip (Flat Rate)
    • Employment Confirmation Letter
    • Latest Settlement Statement
    • Investment Statement (if applicable)
    Applicants Eligibility
    • Repayment Capacity
      - Determine by NDI & DSR
    • Employment
      - Under “Tetap & Berpencen”
    Campaign Repayment Table
    Cash-i Muamalat Premier + Cross Selling

    Download here

     

    Cash-i Muamalat Premier + No Cross Selling

    Download here

    TermDescription
    PurposeFor personal use
    ProductAlso known as Pembiayaan Peribadi Pesara (3P)
    Who Can Apply
    • Malaysia Armed Forces Pensioner
    • All Government Pensioner
    Tenure Minimum: 2 years
    Maximum: 10 years
    Financing AmountMinimum: RM 5,000.00
    Maximum: RM 250,000.00
    Profit RateCompetitive Flat & Floating Rate
    Mode of PaymentPension with BMMB
    Wasiat/Will - writingOptional (highly encourage)
    Takaful Optional (highly encourage)
    Documents Required
    • Copy of NRIC (front and back)
    • Copy of Pension Card
    • Pension Ledger / Statement
    • BMMB Saving Passbook
    Applicants Eligibility
    • Repayment Capacity
      -
      Determine by NDI & DSR
    • Pension
      - Pension credited with BMMB and paid by JHEV for Armed Forces   
      - Pension credited with BMMB under Scheme A and paid by JPA
    Campaign Repayment Table
    Cash-i Muamalat Premier Plus

    Download here

     

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    Terms & Conditions Personal Financing-i

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    PDS Personal Financing-i Programme Tawarruq

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    Application Form Consumer Financing – BI

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    Borang Permohonan Pembiayaan Konsumer – BM

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    Muamalat Instalment Table Year End Campaign

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    Year End Campaign (Dengan Jualan Silang)-Arahan Tetap & Skor Kredit Baik

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    Year End Campaign (Dengan Jualan Silang) – Arahan Tetap & Skor Kredit Sangat Baik

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    Year End Campaign (Dengan Jualan Silang) – Arahan Tetap & Skor Kredit Sederhana

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    Year End Campaign (Tanpa Jualan Silang) – Arahan Tetap & Skor Kredit Baik

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    Year End Campaign (Tanpa Jualan Silang) – Arahan Tetap & Skor Kredit Sangat Baik

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    Year End Campaign (Tanpa Jualan Silang) – Arahan Tetap & Skor Kredit Sederhana

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    Year End Campaign (Tanpa Jualan Silang) – Pindahan Gaji & Skor Kredit Baik

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    Year End Campaign (Tanpa Jualan Silang) – Pindahan Gaji & Skor Kredit Sangat Baik

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    Year End Campaign (Tanpa Jualan Silang) – Pindahan Gaji & Skor Kredit Sederhana

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    Year End Campaign (Dengan Jualan Silang) – Pindahan Gaji & Skor Kredit Baik

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    Year End Campaign (Dengan Jualan Silang) – Pindahan Gaji & Skor Kredit Sangat Baik

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    Year End Campaign (Dengan Jualan Silang) – Pindahan Gaji & Skor Kredit Sederhana

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    *Terms and conditions apply.

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