Bank Islam

Bank Islam is a Shariah-compliant Islamic bank based in Malaysia, founded in 1983. As the largest Islamic bank in Southeast Asia, it offers a range of financial services, including personal and business banking, investment banking, asset management, takaful (Islamic insurance), and wealth management. Bank Islam operates on the principles of Islamic finance, using profit-sharing, lease-based, and sale-based contracts to provide its services, ensuring ethical and Shariah-compliant operations. With a network of over 135 branches and more than 1,200 self-service terminals throughout Malaysia, Bank Islam is committed to providing convenient and accessible financial services to its customers.

Head Office Address

Level 32, Menara Bank Islam
No. 22, Jalan Perak
50450 Kuala Lumpur

Tel: +603-2707 8000

SWIFT Code: BIMBMYKL

Website: www.bankislam.com.my

Contact Centre

Tel: +603-26 900 900

Email: contactcenter@bankislam.com.my

Bank Islam Vehicle Financing (Hire Purchase-i)

Bank Islam's Vehicle Financing-i is a type of car financing service that is based on the Bai Bithaman Ajil (BBA) contract method of sale with deferred payment. This means that the bank will purchase the car and then sell it to you at a higher price, with the payment being deferred to a later date. This approach is Shariah-compliant and is widely used by Islamic banks to provide financing options to their customers.

The main advantage of this financing option is that it allows you to own your dream car without having to pay the full amount upfront. You can choose to make payments over a longer period of time, making it easier to manage your finances. This can be especially useful for those who are unable to afford the full price of the car at the time of purchase.

Bank Islam offers a margin of financing of up to 90% of the On-The-Road (OTR) price for national, non-national, and unregistered reconditioned models. This means that you can finance a large portion of the car's value and only pay a small amount upfront. Additionally, the financing tenure can be up to 9 years, allowing you to choose a repayment plan that suits your budget and financial situation.

The financing rate offered by Bank Islam for this service may vary, so it's best to refer to the nearest Automobile Financing Centres for the latest rates available. By choosing Bank Islam's Vehicle Financing-i, you can be assured of a flexible and Shariah-compliant car financing solution that can help make owning your dream car a reality.

Bank Islam Gradhitz Vehicle Financing-i

Bank Islam's Gradhitz Vehicle Financing-i is a financing option designed specifically for graduates who are looking to purchase their first car. With Gradhitz, graduates can get 100% financing for up to 9 years, making it easier to own a car and manage their finances at the same time.

The Gradhitz financing option is ideal for graduates who have just started working and are looking for a reliable car to get them to and from work. With Gradhitz, graduates can enjoy a brand new car with flexible repayment options, making it easier to pay off the loan over a period of time.

The main feature of Gradhitz is that it offers up to 100% financing of the On-The-Road (OTR) price for national, non-national, and unregistered reconditioned models. This means that graduates can finance the entire cost of the car without having to pay anything upfront. Additionally, the financing period can be up to 9 years, allowing graduates to choose a repayment plan that suits their budget and financial situation.

The financing rate for Gradhitz may vary, so it's best to contact Bank Islam's nearest Automobile Financing Centres for the latest rates available. By choosing Bank Islam's Gradhitz Vehicle Financing-i, graduates can be assured of a flexible and affordable financing solution that can help them start their journey towards success.

It is a great option for graduates who are looking to purchase their first car. With 100% financing, flexible repayment options, and affordable rates, Gradhitz makes it easier for graduates to own a car and get on the road to success.

For more details, please contact the Contact Centre at +603-26 900 900 or visit the nearest Bank Islam branches.

Auto Financing Banks