Vehicle Financing-i GradONE

Vehicle Financing-i GradONE is based on Murabahah (Murabahah to the Purchase Orderer “MPO”), customer can enjoy 100% financing at affordable rate.

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Benefits & Features

Margin of Financing

Up to 100% of the OTR price for national, non-national, and unregistered reconditioned models

Financing Tenure

Up to 9 years

Financing Rate

National Vehicle: From 2.35% to 3.30% per annum

Non National Vehicle & Unregistered Reconditioned : From 2.20% to 2.40% per annum

Hybrid and Electrical Vehicle (HEV) : From 2.10% to 2.20% per annum

Note: Profit is calculated on a monthly basis based on Sum of Digit method.


  • High margin of financing – Up to 100% of the OTR price
  • Competitive rates offered
  • Selling price: fixed and known
  • No hidden or extra charges imposed
  • Ibra’ (Rebate) on full settlement of the financing before its maturity
  • Fast approval

Eligibility & Requirements


  • Age of applicant between 20-30 years old
  • Shall be a graduate with a minimum qualification of Diploma from accredited universities/higher learning institutions
  • Status of employment shall be on permanent or contract basis for an employee in any of the following:-
    • Government and Semi Government sector
    • Selected Public Listed Companies
    • Government Link Companies (GLC)
    • Other prominent Private Limited Companies as categorized under package companies listed by Bank Islam
  • Fixed income earner

Required Documents:

  • Photocopy of Identity Card (front and back)
  • Photocopy of Valid Driving License
  • Photocopy of Scroll or Transcript
  • Employment letter of offer
  • Photocopy of Latest 3 months Salary Slip (if applicable); and
  • Copies of latest 3 months Bank Statement (Salary Crediting Account) (if applicable); or
  • Latest EPF Statements/EA Forms (if applicable)
  • Other Supporting Documents as may deemed necessary and acceptable by the Bank.

Ta’widh (Compensation)

It is hereby agreed that the Customer shall pay the Bank late payment charges by way of Ta’widh (Compensation) as follows:

Before maturity of the Facility:
A sum equivalent to one per centum (1%) per annum on overdue instalment(s) until date of full payment;

After maturity of the Facility:
A sum equivalent to the prevailing daily overnight Islamic Interbank Money Market Rate on outstanding balance i.e. outstanding Selling Price less ibra’ (if any);

Post Judgment Debt:
A sum equivalent to the prevailing daily overnight Islamic Interbank Money Market Rate on basic judgment date until date of full payment.

PROVIDED ALWAYS that the above said ta’widh (compensation) rates may be varied by Bank Negara Malaysia (BNM) from time to time and shall be applied in such manner as approved by BNM.


  • Approval is based on the applicant’s personal and legal capacity, credit character, past payment patterns, and Bank Islam Malaysia Berhad (Bank Islam) requirements.
  • Application shall be processed within the acceptable turn-around time if all documents required are submitted in full subject to terms and conditions imposed.
  • All terms and conditions are subject to the financing guidelines by Bank Negara Malaysia and Bank Islam Malaysia Berhad.

Product Disclosure Sheet

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