Commodity Murabahah Home Financing-i

Shariah-compliant home financing based on the concept of Commodity Murabahah

  • Margin of financing:

    Up to 95%

  • Financing tenure:

    Up to 35 years or age 70


  • Based on the Shariah principle of Murabahah (cost plus profit) where the Bank provides financing to the customer via the trade of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein.
  • A choice of affordable profit rates either fixed, tiered or variable profit rates
  • No compounding of profit and other charges
  • No early settlement charges/ lock-in period penalty
  • Protection of ceiling rate upon the fluctuation of Islamic Base Rate (IBR) throughout tenure
  • Competitive financing rates and margin of financing
  • Lower monthly instalment with longer payment period of up to 35 years or until the age of 70, whichever event occurs first
  • Higher financing eligibility of up to 70% of your gross income*
  • Higher financing margin of up to 95%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
  • Stamp duty waiver on conversion from conventional to Islamic facility
  • Hassle free for third party financing
  • Rebates for early settlement
  • Minimal documentation compared with other home financing plans
  • Convenient instalment payment options via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.
  • Flexibility to redraw additional payment made in excess of the normal monthly instalment amount. Redrawing via M2U (for fully release only) or over-the-counter (for fully and progressive release) is subject to RM25 fee per transaction.

*Terms and Conditions apply

Scope of Financing

  • Financing purchase of residential properties, whether units are completed or under construction
  • Refinancing your existing mortgage from another financial institution and save profit
  • Remortgaging your residential properties that are free from encumbrance for 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 loans 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

How to apply

For all individuals, joint applicants, residents, and non-residents

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

Other information

Click here to see Mortgage Product Disclosure Sheet

Click here to see Mortgage Product Disclosure Sheet (BM)

Guaranteed gold when you successfully refer friends! Plus up to 100g extra gold to be won

Refer a friend to open & invest in Maybank Islamic Gold Account-i (MIGA-i) with your unique referral code, and both of you will earn 0.01g MIGA-i gold. Keep investing in MIGA-i to be in the running to win the monthly prize of 10g gold and the grand prize of 100g gold. T&C apply

*Only when the unique referral code is entered correctly.

Campaign Period: 1 November 2021 - 31 March 2022

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