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Affin Islamic Bank
The most flexible and convenient residential property financing package based on Shariah concept of Tawarruq, involving the buying and selling of Shariah compliant commodity.

How it works?

Under the Shariah concept of Tawarruq, the Affin Islamic Bank and me shall enter into a buy and sell contract, whereby the underlying asset is Shariah compliant commodity. The picture, shows simplified modus operandi of Tawarruq transactions:

The Bank has registered with Bursa Malaysia as Commodity Trading Participant (CTP) in order to facilitate the trading of Shariah compliant commodity. In relation to this, trading activities will be centralized at Trading Unit of AFFIN ISLAMIC BANK at Head Office.

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Product Features and Benefits

Available for acquisition of residential property.

Competitive Financing Rates

No early settlement charges

No processing fees

Eligibility

1. Available for Individual and Limited Company customer.

2. Open to all - Muslims and Non-Muslims, Malaysian and Non-citizens

Packages available

Affin Tawarruq HomeFinancing-i

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Maybank's AITAB

Maybank’s Auto Finance-i is based on the Shariah concept of Al Ijarah Thumma Al Bai (AITAB). AITAB is a leasing contract (Ijarah) followed by sale contract (Bai’).

How it works?

Under the leasing contract of AITAB, I as the customer leases the vehicle from the Maybank's AITAB at an agreed rental payment over a specific period. Upon expiry of the leasing period, I enters into a sale contract to purchase the vehicle from Maybank's AITAB at an agreed price.

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Margin of finance:
Up to 90%

Financing period:
Up to 9 years

Benefits

Easy payment of your instalment via Maybank branches, ATMs, online via Maybank2u.com and Maybank e-Kawanku

Fast processing and approval

Attractive and competitive term charge

Extensive network of dealers nationwide

Renewal of road tax and motor takaful

Types of goods financed

New motor vehicles

Secondhand motor vehicles

Reconditioned motor vehicles

Who can apply

Individuals aged 18 years old and above

Sole proprietorships

Partnerships

Private Limited & Public Limited Companies

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AmBank Islamic's Personal Financing-i
Life is never predictable, and there are times when we all need some extra cash for those rainy days. AmBank Islamic's Personal Financing-i is an excellent way of financing a planned or unplanned event to tide you over, with competitive profits rates available in the market.

How it work?
Under the Shariah concept of Al-Inah, technically, it is a financing contract which involves the sale and buy back transaction of an asset by a seller.
he selling of an asset with a mark up price on deferred payment, with the intention to sell the same asset to the debtor with lower cash price, which is meant to settle the debt.

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Features:

Based on the Shariah concept of Bai' Inah

No guarantor

No collateral required

No advance instalments required

Rebate on early settlement

Takaful coverage

Payment Method

Biro Perkhidmatan Angkasa (BPA): Salary deduction via BPA payroll unit

Private Sector: Auto debit via AmBank Islamic Current / Savings account

Profit Rate
Biro Perkhidmatan Angkasa (BPA)

As low as 4.35% per annum. (effective from 7 March 2018)

Private Sector

Profit rate of 6.90% per annum. (effective from 2 January 2015)
This offer is exclusively for employees of selected private and government-linked companies.