Vehicle Financing-i

Vehicle Financing-i is based on Murabahah (Murabahah to the Purchase Orderer “MPO”), to ease your burden while owning your dream vehicle.

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Benefits & Features

Margin of Financing

Up to 90% 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: From 2.35% to 2.55% per annum

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


  • Competitive rates offered
  • Selling price: fixed and known
  • No hidden or extra charges imposed
  • Ibra’ on full settlement of the financing before its maturity
  • Fast approval

Eligibility & Requirements


  • Individual with a minimum age of 18 years and above and not exceeding the 60 years at the end of payment period
  • Malaysian citizen
  • Fixed Income Earner

Required Documents:

  • Photocopy of Identity Card (front and back)
  • Photocopy of Valid Driving License
  • Photocopy of Latest 3 months Salary Slip; and
  • Copies of latest 3 months Bank Statement (Salary Crediting Account); or
  • Latest EPF Statements/EA Forms
  • Other Supporting Documents as may deemed necessary and acceptable by the Bank for additional income

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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