Shariah compliant financing to acquire your dream property in London using foreign currency
Obtain your Sterling Pound mortgage facility locally in Malaysia
Explore investment opportunity in London with us, the first Islamic bank in Malaysia to provide offshore property financing facilities in foreign currency. Ease your financial transactions, all done locally, right here in Malaysia.
Based on the principle of Murabahah (cost plus profit)
Stamp duty is exempted for non-Ringgit instrument under International Currency Business Unit (ICBU) incentives under the Malaysia International Islamic Finance Center (MIFC) initiatives.
Requirement to declare to Bank Negara Malaysia (BNM) is only required for foreign currency financing amount exceeding RM10,000,000 equivalent.
Don't worry on the lower margin for the subsequent 3rd housing loan/financing as per BNM guidelines on 70% margin of financing for 3rd housing loan/financing purchase locally.
You have the option to minimize foreign currency exposure via depositing in Foreign Currency Account.
Extra funds paid for the financing account will automatically reduce the principal and save your profit calculation
No extra charges when you settle the financing early
Protect your exposure with the maximum claim by the Bank upon fluctuation of ICOF
Remittance is not required since both customer and the financing account resides in Malaysia.
Click here for Product Disclosure.
*Terms and Conditions apply
Close this window