| Term | Description |
| Concept | Tawarruq |
| 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 |
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Purpose
For personal use
Product
Also known as Pembiayaan Peribadi Pesara (3P)
Who Can Apply
Malaysia Armed Forces 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
Salary 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
Campaign Repayment Table
