Bank Muamalat Malaysia Berhad » 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
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 price	Fixed and Known Upfront
Takaful Protection	Highly encouraged
Choices Mode of Payment	Salary Deduction / Salary Transfer / Standing Instruction / Pension Transfer
Wasiat/Will Writing	Optional
Structure of Product	Muamalat 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.

1) Cash-i Muamalat (Government, GLCs, GLICs & Employers under Empanelment Program-EEP)

Term	Description
Purpose	For 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 Rate	Competitive Flat & Floating Rate

2) Cash-i Muamalat Pro (Professional Programme)

Term

Description

Purpose

For 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

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 Rate

Competitive Flat & Floating Rate

List of Preferred Sector Employers

List of Preferred Sectors Employers

Download here

Repayment Table

Jadual Kadar Tetap-Pindahan Gaji dengan Takaful

Download here

3) Collateralized Personal Financing-i Program

Terms

Description

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

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

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)

No	Accepted Collaterals	MOF
1	SA-i	100%
2	FTA-i	100%
3	MG-i Account	80%

4) Cash-i Muamalat Debt Management

Term	Description
Purpose	Debt Settlement & Cash Consumption
Product	Also 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	Angkatan Tentera dan Penjawat Awam (Kadar Terapung) - Pindahan Gaji dengan Takaful Download here Angkatan Tentera (Lain-Lain Pangkat) Download here Cash-i Muamalat Debt Management EEP Download here

5) Cash-i Muamalat Cuepacs Debt Management

Term	Description
Purpose	For Debt Settlement & Cash Consumption
Product	Also 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)
Takaful	Optional (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 Debt Management Cuepacs Download here

6) Cash-i Muamalat Motorcycle

Term	Description
Purpose	Purchase all makes / models of motorcycles which are 150cc and below
Product	Also 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

7) Cash-i Muamalat Premier

Term	Description
Purpose	For personal purpose – Cash Consumption
Product	Also 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
Tenure	Up to 10 years
Financing Amount	Minimum: RM 5,000.00 Maximum: RM 250,000.00
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) 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

8) Cash-i Muamalat Premier Plus

Term	Description
Purpose	For personal use
Product	Also known as Pembiayaan Peribadi Pesara (3P)
Who Can Apply	Malaysia Armed Forces Pensioner All Government Pensioner
Tenure	Minimum: 2 years Maximum: 10 years
Financing Amount	Minimum: RM 5,000.00 Maximum: RM 250,000.00
Profit Rate	Competitive Flat & Floating Rate
Mode of Payment	Pension with BMMB
Wasiat/Will - writing	Optional (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

Personal Financing-i

List of Preferred Sectors Employers

Jadual Kadar Tetap-Pindahan Gaji dengan Takaful

Angkatan Tentera dan Penjawat Awam (Kadar Terapung) - Pindahan Gaji dengan Takaful

Angkatan Tentera (Lain-Lain Pangkat)

Cash-i Muamalat Debt Management EEP

Cash-i Muamalat Debt Management Cuepacs

Cash-i Muamalat Motorcycle

Cash-i Muamalat Premier + Cross Selling

Cash-i Muamalat Premier + No Cross Selling

Cash-i Muamalat Premier Plus

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