Al-Ijarah Thumma Al-Bai (AITAB)

Shariah-compliant car financing based on the principles of Ijarah Thumma Al-Bai'which means lease followed with sale

Margin of finance:
Up to 90%

Financing period:
Up to 9 years

Benefits

Types of goods financed

Who can apply

Terms of financing

Type of vehicleMargin of financeRepayment period
New passenger car, 4WD, MPV and SUV (CBU and CKD units)Maximum of 90% of dealer's/seller's invoiceMaximum 108 months
Secondhand passenger car, 4WD, MPV and SUVMaximum of 85% of dealer's/seller's invoiceMaximum 108 months
Unregistered reconditioned (imported) vehicleMaximum of 90% of dealer's/seller's invoiceMaximum 108 months
*All terms and conditions are subject to the financing guidelines by Bank Negara Malaysia and Maybank

Fees & charges

List of Islamic hire purchase fees for purchase of new and reconditioned vehicles, used vehicles and after sales support services.

Required documents

Applicant

New Vehicle / Unregistered reconditioned

Used Vehicle

Individual (Fixed Income Earner)

- Purchase of passenger vehicle

- Purchase of other than passenger vehicle

 

 

 

 

 

  1. NRIC
  2. Driving License (applicant only)
  3. Passport and employment / Contract Letter for foreigner
  4. Latest 2 months' Salary Slips /vouchers and
  5. Latest EA or EPF Statement or Employment Confirmation or 3 months Bank / Passbook Statement or ASB/ASN.
  6. Spouse details (NRIC and latest 2 months' proof of income if to support household income)

    * Local guarantor is compulsory for foreigner and guarantor need to submit documents as per item 1, 4 and 5.

 

 

  1. NRIC
  2. Driving License (applicant only)
  3. Passport and employment / Contract Letter for foreigner
  4. Latest 2 months' Salary Slips /vouchers and
  5. Latest EA or EPF Statement or Employment Confirmation or 3 months Bank / Passbook Statement or ASB/ASN.
  6. Spouse details (NRIC and latest 2 months' proof of income if to support household income)
  7. NRIC & driving license of seller if the seller is an individual
  8. Registration Card
  9. Performa invoice or invoice

    * Local guarantor is compulsory for foreigner and guarantor need to submit documents as per item 1, 4 and 5.

Applicant

New Vehicle / Unregistered reconditioned

Used Vehicle

Sole Proprietorship / Partnership / Self Employed

- Purchase of passenger vehicle

- Purchase of other than passenger vehicle

 

 

  1. NRIC
  2. Driving License (applicant only)
  3. Certificate of Business Registration (Form A or Form B plus Form D)
  4. Relevant document as proof of income of business
  5. Trading and Profit Account and Balance Sheet of the firm (except for self employed)
  6. Latest 6 months Bank Statement (Sole Proprietor & Self Employed)
  7. Latest 3 months Bank Statement (Partnership)

 

  1. NRIC
  2. Driving License (applicant only)
  3. Certificate of Business Registration (Form A or Form B plus Form D)
  4. Relevant document as proof of income of business
  5. Trading and Profit Account and Balance Sheet of the firm (except for self employed)
  6. Latest 6 months Bank Statement (Sole Proprietor & Self Employed)
  7. Latest 3 months Bank Statement (Partnership)
  8. Registration Card
  9. Performa invoice or invoice
  10. NRIC & driving license of seller if the seller is an individual

Applicant

New Vehicle / Unregistered reconditioned

Used Vehicle

Private Limited Company

- Purchase of passenger vehicle

- Purchase of other than passenger vehicle

  1. Form 9,13, 24 & 49
  2. Latest Company's Directors and Management profile
  3. Latest 3 months' Bank Statement
  4. Guarantor(s) NRIC (if applicable)
  1. Form 9,13, 24 & 49
  2. Latest Company's Directors and Management profile
  3. Latest 3 months' Bank Statement
  4. Guarantor(s) NRIC (if applicable)
  5. Registration Card
  6. Performa invoice or invoice

Public Listed Company

- Purchase of passenger vehicle

- Purchase of other  than passenger vehicle

  1. Latest Form 49
  2. Latest Audited Annual Financial Statement (except for Direct Hire Purchase facilities)
  1. Latest Form 49
  2. Latest Audited Annual Financial Statement (except for Direct Hire Purchase facilities)
  3. Registration Card
  4. Performa invoice or invoice

IHP Repayments

Payments via M2U AITAB-ie.car financing must be in complete instalment amount. Please add payments for any other charges eg. late payment charges with your instalment payment. Partial payments or incomplete instalment payment will not be accepted.

Application

Please click here for AITAB Product Disclosure Sheet.

Click here to Apply now via our online Application form

For Application Enquiries: 03-2297 2509/2549/2543
For Product Enquiries: kindly contact nearest Auto Finance Centre
Fax : 03 - 2283 2019

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