Bank Muamalat’s Vehicle Financing-i is based on Islamic principles and Shariah law, which prohibits interest (riba). Unlike conventional financing, which charges interest on the loan amount, Bank Muamalat’s Vehicle Financing-i operates under Shariah contracts such as Ijarah (lease) and Bai’ (sale contract).  

If you fully settle your Vehicle Financing-i before its maturity, the bank will grant Ibra’ or a rebate to you. The exact rebate will be calculated based on the terms of your financing agreement.

Yes, you can apply Bank Muamalat’s Vehicle Financing-i online. If you need assistance with your application or require additional information, please contact our customer service team for support.

The processing time for Bank Muamalat’s Vehicle Financing-i application typically ranges from a few days to a few weeks, depending on the completeness of your application and the required documentation. You will be informed of the status of your application and any additional steps required.

Yes, Takaful coverage is required for Bank Muamalat’s Vehicle Financing-i. Takaful is an Islamic insurance that provides protection against loss or damage to the vehicle. It ensures coverage for your outstanding financing during the term of the financing and offers protection in case of unforeseen circumstances.

The standard profit rate for Bank Muamalat’s Vehicle Financing-i is based on a flat rate. This means that the profit rate is calculated as a fixed percentage of the original financing amount throughout the term of the financing. To determine the exact profit rate applicable to your vehicle financing-i, you can contact our customer service team for detailed information.