Features & Benefits

• Based on the principle of Murabahah (cost plus profit)
• The Bank provides home financing to customer via trading of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein.
• Choice of affordable fixed, tiered or variable profit rate
• No compounding of profit and other charges
• No early settlement charge / lock-in period penalty
• Protection of ceiling rate upon the fluctuation of Base Financing Rate (BFR) throughout tenure
• Competitive financing rates and margin of financing
• Lower monthly instalment with the longer payment period of up to 40 years or until the age of 70, whichever comes first
• Higher financing eligibility of up to 70% of your gross income*
• Higher financing margin of up to 100% of the value of the house (including capitalisation of related expenses such as MRTT contribution)
• MRTT coverage, which settles your outstanding mortgage and transfers the title deed to your family in the event of death or total and permanent disability
• 20% reduction on stamp duty for new financing & waiver of conversion from Conventional facility
• Hassle free for the third party financing
• Granting of rebate for early settlement
• Minimal documentation compared to other home financing plans
• Convenient payment options of your instalment via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

*Terms and Conditions apply

Please use our Maybank Islamic Calculator to help your financing requirements.

Who Can Apply

• All individuals, joint applicants, residents, and non-residents

Scope

• Financing purchase of residential properties, whether completed or under construction units
• Refinancing your existing mortgage from another financial institution and save profit
• Remortgage your residential properties that are free from encumbrances and get extra cash
• Additional financing for your personal investment needs, any contingencies or home improvements
• Purchase of vacant land and construction of bungalows thereon
• Conversion from conventional loan to Islamic financing
• Restructuring your current mortgage to meet your current financial needs
• Minimum property value of RM75,000 and a minimum financing amount of RM10,000

Required documents

Please bring along the following documents when you visit our branch:

Compulsory Identity Documents

• For Residents - NRIC/Identity Card
• For Non-residents - Latest valid passport & visa/working permit/employment pass
• For Self-employed Applicants -Please include the business registration form/ Form 24 & 29 with any of the above

Compulsory Property Documents

• Copy of Sales & Purchase/Booking Receipt or Letter of Offer from Developer
• Copy of Individual Title Deed
• Property Valuation Report (for completed properties)

Compulsory Income Evidences

• For salary earners/gainfully employed - Latest 3 consecutive months salary slips/vouchers, latest 6 consecutive months of commission statement, latest EPF statement, latest EA form, latest 6 months bank statement, and letter of confirmation of employment and remuneration.
• For self employed (including Sole-Proprietorship, Partnership, Commission earners) - Latest certified/audited financial statements, latest statement of commission Issued by company, latest EPF statements, latest B/BE Form/e-Filing, latest tax payment receipt, latest 6 months bank statements.

Fees and Charges

• Non-Zero Entry Cost
  The customer pays the legal fees, valuation fees and **stamp duties
• No trading or brokerage fee
  Customer will not be charged brokerage/ trading fee for the Commodity trading

**20% reduction of the stamp duty for new Islamic financing

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