Bank Muamalat Malaysia Personal Loan Solutions: Empowering Your Financial Goals

Discover flexible and sharia-compliant personal loan solutions tailored to your financial needs with Bank Muamalat Malaysia. Empower your financial goals with our competitive rates and hassle-free application process

Pinjaman Peribadi Bank Muamalat BMMB Personal Loan

Bank Muamalat Malaysia Summary

  • Bank Name: Bank Muamalat Malaysia Berhad
  • Abbreviation / Code Name: BMBM
  • Category: #ConsumerLoan
  • Bank Promotion Name: Bank Muamalat

Bank Muamalat Malaysia Berhad: Empowering Islamic Finance

Established in 1999, Bank Muamalat Malaysia Berhad (BMMB) is one of Malaysia’s leading Islamic banks, offering a wide range of Sharia-compliant financial products and services. It was the first Islamic bank to be granted a full banking license under the Islamic Banking Act 1983, paving the way for Islamic finance in Malaysia.

As an Islamic financial institution, Bank Muamalat operates based on the principles of Sharia, ensuring that its operations and offerings comply with Islamic law. This includes avoiding interest (riba), engaging in ethical and morally responsible investments, and promoting risk-sharing between the bank and its customers.

Bank Muamalat provides various financial solutions tailored to meet the diverse needs of its customers, including personal financing, savings accounts, current accounts, investment products, and wealth management services. Its personal financing products cater to individuals seeking funds for various purposes, such as home renovation, education, vehicle purchase, and debt consolidation, all structured in accordance with Islamic financing principles.

With a network of branches and electronic banking channels, Bank Muamalat offers convenient access to its services nationwide, ensuring accessibility for customers from different regions. The bank is committed to providing excellent customer service, offering efficient and reliable banking solutions to enhance the financial well-being of its customers.

Bank Muamalat’s role extends beyond traditional banking services, as it actively contributes to the development of Islamic finance in Malaysia and globally. It participates in industry initiatives, promotes financial literacy, and collaborates with stakeholders to advance the growth and sustainability of Islamic banking.

Overall, Bank Muamalat stands as a prominent player in Malaysia’s Islamic banking sector, recognized for its commitment to Sharia compliance, innovative financial products, and dedication to customer satisfaction.

Bank Muamalat Personal Financing-i For Armed Forces

At Bank Muamalat Malaysia Berhad (BMMB), we offer enticing deals for personal loans tailored to suit your needs. Benefit from competitive rates, flexible terms, and a hassle-free application process. Empower your financial journey with us today.

Bank Muamalat Personal Financing-i For Armed Forces:

Products / Items
Investment and Refinancing (Armed Forces)
Purpose
Settlement of Debt and Investment
Who Can Apply
Malaysia Armed Forces
Tenure
Minimum: 3 years, Maximum: 10 years*
Financing Amount

Minimum: RM 5,000.00

Maximum: RM 100,000.00

Profit Rate

Flat: 5.5% p.a

Floating: BFR+1.8% (capping rate 11%)

Mode of Payment
Auto Debit net salary via BMMB Current/Saving Account
Wasiat/Will – writing
Optional
Takaful
Compulsory
Guarantor
Not available
Documents Required
Copy of BATC10/MyTentera (front and back)
Latest 1 month Salary Slip (Flat Rate)
Latest 2 months Original Salary Slip (Floating Rate)
BMMB Current/Saving Account passbook
Latest Settlement Statement
Investment Statement (if applicable)
Applicant’s Eligibility

a) Age:

Lain‐lain Pangkat (LLP):
Maximum: 52 years
Pegawai:
Maximum: 65 years

Government & Related Agencies Staff

Government & Related Agencies Staff

Bank Muamalat Financing products:

Products / Items
Financial Management Financing – PPK Invesment and Refinancing
Civilian
Purpose
Settlement of Debt and Investment
Who Can Apply
All Federal / State Government/Government. Link Company/Selected Organizations staff
Tenure
Minimum: 3 years. Maximum: 10 years
Financing Amount
Minimum: RM 5,000.00. Maximum: RM 100,000.00
Profit Rate
Flat: Without Ju’alah: 5.5% p.a, With Ju’alah: 5.7% p.a. Floating: BFR+1.8% (capping rate 11%)
Mode of Payment
a) Auto Debit net salary via BMMB Current/Saving Account or. b) Salary deduction At Source by employer
Wasiat/Will – writing
Optional
Takaful
Compulsory
Guarantor
Not available
Documents Required
Copy of NRIC (front and back)
Latest 1 month Salary Slip (Flat Rate)
Latest 3 months original Salary Slip (Floating Rate)
Employment Confirmation Letter
Latest Settlement Statement
Investment Statement (if applicable)
Applicant’s Eligibility
Employment: – Non-Gov’t: PERMANENT & CONFIRMED staff with minimum 3 years’ service. – Gov’t: CONFIRMED staff
Repayment Capacity: i) Determine by NDI & DSR

Note:

  1. Customer’s not a Bankruptcy during apply Bank Muamalat Malaysia Berhad BMMB financing
  2. Terms and conditions apply

Selected Organizations Staff

Products / Items
Investment and Refinancing (Civilian – Selected Organization)
Purpose
Setlement of Debt and Investment
Who Can Apply
Selected organizations staff
Tenure
Minimum: 3 years. Maximum: 10 years
Financing Amount
Minimum: RM 5,000.00. Maximum: RM 150,000.00 (Floating Rate), RM 100,000.00 (Flat Rate)
Profit Rate
Flat: Without Ju’alah: 5.5% p.a, With Ju’alah: 5.7% p.a. Floating: BFR+1.8% (capping rate 11%)
Mode of Payment
a) Auto Debit net salary via BMMB Current/Saving Account or b) Salary deduction At Source by employer
Wasiat/Will – Writing
Compulsory
Takaful
Compulsory
Guarantor
Not available
Documents Required
Copy of NRIC (front and back)
Latest 1 month Salary Slip (Flat Rate)
Latest 3 months original Salary Slip (Floating Rate)
Employment Confirmation Letter
Settlement Statement
Investment Statement (if applicable)

Note:

  1. Customer’s not a Bankruptcy during apply Bank Muamalat Malaysia Berhad BMMB financing
  2. Terms and conditions apply

Article Related to Personal Financing from Banks

*Source from Bank Muamalat Malaysia Berhad website

Frequently Asked Questions (FAQ) about Bank Muamalat

Curious about Bank Muamalat? Explore our FAQ section for answers to common questions. Find out more about our services, policies, and how we can meet your needs. Dive into our FAQ to discover everything you need to know before getting started. Start exploring now!

Is Bank Muamalat owned by government?

No, Bank Muamalat Malaysia Berhad (BMMB) is not owned by the government. It is Malaysia’s first Islamic bank, established in 1999, and it operates as a commercial bank under Shariah principles. While it has no direct ownership by the government, it operates within the regulatory framework set by Bank Negara Malaysia, the country’s central bank.

Why do most armed forces in Malaysia choose to apply for personal financing with Bank Muamalat?

Most armed forces in Malaysia apply for personal financing with Bank Muamalat due to several reasons. Firstly, Bank Muamalat offers specific financing products tailored to the needs of armed forces personnel, such as special rates and packages designed for them. Secondly, there may be partnerships or agreements between Bank Muamalat and the armed forces, providing convenient access to financing options for military personnel.

Additionally, Bank Muamalat may have a strong reputation for reliability and trustworthiness among armed forces members, leading them to prefer this bank for their financial needs. Finally, factors like convenient application processes, flexible repayment terms, and responsive customer service may also contribute to the popularity of Bank Muamalat among armed forces personnel seeking personal financing.

Contact Bank Muamalat Malaysia Berhad

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