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Cash-i Muamalat

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.

Product Features

Enjoy up to RM400,000* financing
Up to 10 years tenure
Profit Rate as low as 2.77% p.a.
No Guarantor
Debt Consolidations
No Processing Fee
No Hidden Charges
  • Min. Age : 18 years old
  • Max. Age : Up to 70 years old*
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
  • 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.


For Personal Use – Cash Consumption, debt consolidation, education, medical etc.



  • 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

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2024-07-23 08:34:22