The personal financing package for confirmed employees of Government agencies approved by Biro Perkhidmatan Angkasa (BPA).
  • KOWAMAS is an Islamic Personal Term Financing under the Syariah principle of Commodity Murabahah as approved by Shariah Advisory Council of Bank Negara Malaysia
  • Under Commodity Murabahah concept, it is based on the principle of Murabahah (cost plus profit), the Bank provides financing to customer via trading of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein
  • The personal financing package offered to the confirmed government employees/state government statutory bodies through Co-operative (Kowamas) with the payment being deducted from their salary

Term financing monthly rest under the Islamic Commodity Murabahah concept.

  • Profit Rate:
    • 1-2 years: 4.99%
    • 3 - 10 years: 5.50%
    • 11 - 15 years: 5.70%
    • 16 - 20 years: 5.90%
  • Minimum financing amount of RM1,000 and up to maximum of RM150,000*
  • Financing tenure from 2 years up to 20 years
  • Margin of Payment: Maximum up to 60% of basic salary (inclusive of basic allowance) or allowable by employer and Biro Perkhidmatan Angkasa
  • No Collaterals
  • Etiqa Takaful Coverage (Death and Disability)
  • Monthly payment via salary deduction at source through Biro Perkhidmatan Angkasa (BPA)
Purpose of Financing
  • Debt Consolidation
  • Emergency Needs
  • Educational
  • Home Improvement
  • Medical
  • Others
Fees & Charges

One time charges to be deducted upfront from financing amount upon disbursement. The charges are as follows:

Entrance Fee

: RM50

Monthly Fee

: RM30

Processing Fee

: RM100


: According to scale (2%)

Sinking Fund

: 2%

Stamp Duty

: RM10

BPA Charge

: 0.60%


: RM200

Advance Member Fee
(RM30 x 6 months)

: RM180

  • Age 18 to 58 years old
  • Malaysian citizen
  • Confirmed government employee / state government statutory bodies

For application, please visit any Maybank Islamic or Maybank branches and bring along the following:

  • Photocopy of Identity Card
    (Duly certified by Employer)
  • Copy of 3 month’s salary slip
    (Original for latest month and Duly certified
    by Employer )
  • Permohonan Keanggotaan Koperasi
  • Borang Permohonan Pembiayaan Peribadi e-wawasan dan Pra Kelulusan
  • Pengesahan Jawatan
  • Borang Penentuan Had Kelayakan Pinjaman
  • Perjanjian Pembelian Aset
  • Perjanjian Penjualan Aset
  • Arahan Penyelesaian Penuh Baki Pinjaman
  • Kebenaran Menolak Pembayaran Kos Pembiayaan
  • Perlantikan Wakil Bagi Menyempurkan Akad
  • Surat Tawaran Pembiayaan Peribadi e-wawasan
  • Borang BPA 1/79

*Terms and conditions apply.