Why should I get this financing?
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.
L.O.N.D.O.N
• Locally processed, here in Malaysia
• Operates in Sterling Pound
• No stamp duty for financing facility
• Declaration to BNM if foreign currency financing >RM10million
• Optimize customer’s Investment
• No exit penalty and non-compounding of profit & charges
Commodity Murabahah Home Financing-i is 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.
Anything else I need to know?
The product is eligible for stamp duty exemption for financing documents, Shariah compliant product based on the principle of Murabahah (cost plus profit)
You have a choice to minimize risk by pay extra funds paid for the financing account in your Foreign Currency Account and it will automatically reduce the principal and save your profit calculation, no compounding of profit and other charges and no early settlement charge / lock-in period penalty.
There is protection of ceiling rate upon the fluctuation of Islamic cost of fund (ICOF) throughout tenure, a 20% reduction on stamp duty for new financing & waiver of conversion from Conventional facility and granting of rebate for early settlement.
For foreign investment, you only need to declare to Bank Negara Malaysia (BNM) if 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.
First are you an individual, joint applicant, Malaysian citizens and permanent residents, Non United Kingdom or European Economic Community (EEC) residents?
Ok? Then we can move on to the documents we'll need with your application:
You will need Identity Documents
• For Residents – NRIC/Identity Card
• For Self-employed Applicants – Please also include the business registration form/ Form 24 & 29.
You will also need 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)
And you will need Income Evidence
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
• 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 6 months bank statements.
That's it! Scroll down to the bottom of the page to apply now.
What about the small print?
We recommend you go through the small print in detail before you purchase your home financing.
Everything you need to know is here, just click to download these PDF documents.
Product Disclosure Sheet
About Us
Personal Banking
Business Banking
Global Banking
Shariah COE
Customer Service
