Bank Muamalat: Military & Retiree Financing

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Bank Muamalat

Looking for a reliable personal loan in Malaysia? Bank Muamalat offers competitive financing tailored for government employees, military personnel, and retirees. With flexible terms and trusted service, it’s a smart choice for your financial needs. Apply now or explore your options today.

Introduction

Anti- Bribery & Corruption Statement

Bank Muamalat Malaysia Berhad (“BMMB”) and its subsidiaries are committed to conducting business with transparency, integrity and compliance with regulatory requirements as well as good corporate governance practices.

In line with this commitment, the Bank adopts a ‘zero tolerance’ approach against all forms of bribery and corruption. All members of the Board of Directors, staff and third parties must uphold the highest standard of integrity and accountability in discharging their duties.

The principles of BMMB’s Anti-Bribery and Corruption Policy state:

Product & Services

Muamalat Invest

Muamalat Invest Sdn Bhd (“MISB”) is a wholly-owned subsidiary of Bank Muamalat Malaysia Berhad. Muamalat Invest, a licensed Islamic fund manager, has been a licensed fund management company since 2006, and was accorded the Islamic Fund Management license in September 2010.

Wakaf Muamalat

Economic prosperity through Wakaf
Since 2012, Wakaf Muamalat has been active to empower wakaf through various collaborations and synergies for broader outreach. To date, Wakaf Muamalat has collected more than RM 26.7 million. Through Wakaf Muamalat, the needy and underprivileged will be in good hands.
Explore wakaf opportunities with us!

Jariah Fund

Jariah Fund is an online crowdfunding platform which aims to assist the underprivileged and contribute to society. The platform eases the donation drive through its transparent features by providing current reports and updates of the amount collected and the state of the intended beneficiaries.

Popular Personal Loans

Structured Personal Financing-i

Pesara (3P) 5.50%/p.a

i Programme

Cash-i $485/p.a

Repayment Table

PESARA TENTERA & KAKITANGAN KERAJAAN 5:50% (TETAP)

JUMLAH PEMBIAYAAN (RM) 1 TAHUN 2 TAHUN 3 TAHUN 4 TAHUN 5 TAHUN 6 TAHUN 7 TAHUN 8 TAHUN 9 TAHUN 10 TAHUN
10,000879463324254213185165150138129
20,0001,758925647508425369330300277258
30,0002,6381,388971763638554495450415388
40,0003,5171,8501,2941,017850739660600554517
50,0004,3962,3131,6181,2711,063924824750692646
60,0005,2752,7751,9421,5251,2751,108989900831775
70,0006,1543,2382,2651,7791,4881,2931,1541,050969904
80,0007,0333,7002,5892,0331,7001,4781,3191,2001,1071,033
90,0007,9134,1632,9132,2881,9131,6631,4841,3501,2461,163
100,0008,7924,6253,2362,5422,1251,8471,6491,5001,3841,292
110,0009,6715,0883,5602,7962,3382,0321,8141,6501,5231,421
120,00010,5505,5503,8833,0502,5502,2171,9791,8001,6611,550
130,00011,4296,0134,2073,3042,7632,4012,1431,9501,8001,679
140,00012,3086,4754,5313,5582,9752,5862,3082,2101,9381,808
150,00013,1886,9384,8543,8133,1882,7712,4732,2502,0761,938
160,00014,0677,4005,1784,0673,4002,9562,6382,4002,2152,067
170,00014,9467,8635,5014,3213,6133,1402,8032,5502,3532,196
180,00015,8258,3255,8254,5753,8253,3252,9682,7002,4922,325
190,00016,7048,7886,1494,8294,0383,5103,1332,8502,6302,454
200,00017,5839,2506,4725,0834,2503,6943,2983,0002,7692,583
210,00018,4639,7136,7965,3384,4633,8793,4633,1502,9072,713
220,00019,34210,1757,1195,5924,6754,0643,6273,3003,0452,842
230,00020,22110,6387,4435,8464,8884,2493,7923,4503,1842,971
240,00021,10011,1007,7676,1005,1004,4333,9573,6003,3223,100
250,00021,97911,5638,0906,3545,3134,6184,1223,7503,4613,229

* Sebarang perubahan pembayaran balik pembiayaan tertakluk kepada terma & syarat.

For Armed Forces

Tawaran menarik bagi pinjaman peribadi seperti berikut:

Personal Financing-i For Armed Forces

Loan Details Investment & Refinancing for Armed Forces
Purpose Settlement of Debt and Investment
Who Can Apply Malaysia Armed Forces
Tenure Minimum: 3 years, Maximum: 10 years*
Financing Amount Minimum: RM5,000.00
Maximum: RM100,000.00
Profit Rate Flat: 5.5% p.a
Floating: BFR + 1.8% (capped at 11%)
Mode of Payment Auto debit from net salary via BMMB Current/Saving Account
Will Writing (Wasiat) Optional
Takaful Compulsory
Guarantor Not required
Documents Required • Copy of BATC10/MyTentera (front and back)
• Latest 1-month salary slip (Flat Rate)
• Latest 2-month original salary slips (Floating Rate)
• BMMB Current/Saving Account passbook
• Latest settlement statement
• Investment statement (if applicable)
Applicant’s Eligibility • LLP (Other Ranks): Maximum age 52 years
• Officers: Maximum age 65 years

Government & Related Agencies Staff

Financing products:

Loan Details PPK Financial Management Financing – Investment & Refinancing (Civilian)
Purpose Settlement of debt and investment
Who Can Apply Federal / State Government staff, Government-linked companies, and selected organizations
Tenure Minimum: 3 years, Maximum: 10 years
Financing Amount Minimum: RM5,000.00
Maximum: RM100,000.00
Profit Rate Flat Rate:
– Without Ju’alah: 5.5% p.a
– With Ju’alah: 5.7% p.a
Floating Rate: BFR + 1.8% (capped at 11%)
Mode of Payment a) Auto debit from net salary via BMMB Current/Saving Account
b) Salary deduction at source by employer
Will Writing (Wasiat) Optional
Takaful Compulsory
Guarantor Not required
Documents Required • Copy of NRIC (front and back)
• Latest 1-month salary slip (Flat Rate)
• Latest 3-month original salary slips (Floating Rate)
• Employment confirmation letter
• Latest settlement statement
• Investment statement (if applicable)
Applicant’s Eligibility • Employment:
– Non-Government: Permanent & confirmed staff with minimum 3 years of service
– Government: Confirmed staff
• Repayment capacity determined by NDI & DSR

Note:

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

Selected Organizations Staff

Loan Feature Investment & Refinancing (Civilian – Selected Organization)
Purpose Settlement of debt and investment
Who Can Apply Staff from selected organizations
Tenure Minimum: 3 years
Maximum: 10 years
Financing Amount Minimum: RM5,000.00
Maximum: RM150,000.00 (Floating Rate)
Maximum: RM100,000.00 (Flat Rate)
Profit Rate Flat Rate:
– Without Ju’alah: 5.5% p.a
– With Ju’alah: 5.7% p.a
Floating Rate: BFR + 1.8% (capped at 11%)
Mode of Payment a) Auto debit from net salary via BMMB Current/Saving Account
b) Salary deduction at source by employer
Will Writing (Wasiat) Compulsory
Takaful Compulsory
Guarantor Not required
Documents Required • Copy of NRIC (front and back)
• Latest 1-month salary slip (Flat Rate)
• Latest 3-month original salary slips (Floating Rate)
• Employment confirmation letter
• Settlement statement
• Investment statement (if applicable)

Note:

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

2.45% Interest Rate

Among the advantages that you can enjoy if you apply for low interest personal financing as follows:

Annual 3.69% (Blacklisted)/p.a

*Source from Bank Muamalat Malaysia Berhad website

Takaful and Shariah Concepts

Tawarruq is a financing facility that is designed to provide cash financing to the customers for personal consumption/ use which does not contravene with the Shariah principles.
Generally, this product is based on Tawarruq as its underlying Shariah concept for provision of financing.

The financing structure under the Tawarruq arrangement involves the combination of Wa’d Mulzim, Murabahah, Wakalah and Bai’ Wadhi’ah contracts.

Tawarruq consists of two sale and purchase contracts where the first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash basis.

Murabahah refers to a sale and purchase of an asset where the acquisition cost and the mark-up are disclosed to the purchaser.

Wakalah means a contract in which a party (muwakkil) authorises another party as his agents (wakil) to perform a particular task, in matters that may be delegated, either voluntarily or with imposition of fee.
Wa’d refers to an expression of commitment given by one party to another to perform certain action(s) in the future.

Bai’ Wadhi’ah is a sale contract whereby the asset / commodity is sold at lower price than the cost incurred by the Customer.

Company Panel List

The following is the list of eligible Bank Muamalat panel companies. It includes more than 500 organizations, comprising government agencies, selected statutory bodies, and approved private companies. Please find the full panel list below.

Government

Company & GLC

Company & GLC

For full list, please click pictures below:

2022 Bank Muamalat Loan Company Panel List
2022 Bank Muamalat Loan Company Panel List
2022 Bank Muamalat Loan Company Panel List-2

Contact Us

Bank Muamalat Malaysia Berhad
Ibu Pejabat, Menara Bumiputra,
21 Jalan Melaka,
50100 Kuala Lumpur

Call Center: +603-2600 5500

Bank Muamalat (BMMB)

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