Bank Muamalat

Bank Muamalat is a full-fledged Islamic bank that provides Shariah-compliant financial services in Malaysia. The bank offers a wide range of products and services such as savings accounts, current accounts, investment accounts, credit cards, personal financing, home financing, and corporate banking. Bank Muamalat follows the principles of Islamic finance and operates with the objective of promoting ethical and socially responsible financial practices. The bank has a strong focus on customer service and aims to provide innovative and convenient solutions to meet the financial needs of its customers.

Head Office Address

Ibu Pejabat, Menara Bumiputra
21 Jalan Melaka
50100 Kuala Lumpur

Tel: +603 2600 5500

Email: feedback@muamalat.com.my

SWIFT Code: BMMBMYKL

Website: www.muamalat.com.my

BMMB Scam Hotline: +603-2615 8000

BNMTELELINK Tel: 1-300-88-5465

Bank Muamalat Vehicle Financing (Hire Purchase-i)

Muamalat Hire Purchase-i is a financing product offered by Bank Muamalat that is based on the concept of Al-Ijarah Thumma Al-Bai. This product combines the Shariah principles of Ijarah (lease) and Bai (sale). Simply put, Bank Muamalat will purchase the vehicle that you want from the dealer or third party and then lease it to you for a predetermined period and rental rate. At the end of the lease period, the Bank will sell the vehicle to you at a pre-agreed price.

Muamalat Hire Purchase-i offers attractive and competitive rates, financing terms with a margin of financing up to 90%, and convenient access with 68 branches and service centers nationwide. The service is also available online, making payment and other transactions a breeze. Muamalat Hire Purchase-i provides fast and friendly service with short approval time. However, terms and conditions apply.

Muamalat E-Motor Takaful is a simple and easy-to-use service that allows you to subscribe to a comprehensive takaful cover for your car. This service offers peace of mind with a comprehensive coverage that protects you against accidents, theft, and other unforeseen events. With Muamalat E-Motor Takaful, you can easily subscribe to the service at your convenience, ensuring that your car is always protected.

With Bank Muamalat's car financing package in Hire Purchase-i basis, you can enjoy the convenience and comfort of owning a car without worrying about the upfront cost. Apply now and let Bank Muamalat help you drive your dream car today!

Bank Muamalat Vehicle Financing-i (GradPack)

Vehicle Financing-i GradPack is an Islamic financing product offered by Bank Muamalat, designed specifically for fresh graduates who want to purchase their first vehicle. The financing product offers financing for the purchase of a new or used car, with a minimum amount of RM20,000.00 and competitive profit rates according to the Bank's prevailing profit rate.

Financing Tenure for Vehicle Financing-i GradPack is between 4 to 9 years, allowing graduates to choose a repayment period that suits their financial situation. Monthly installments can be paid easily through the counter with a Normal monthly installment payment mode.

One of the unique features of Vehicle Financing-i GradPack is that borrowers are required to make a compulsory advance payment of 1-2 months' worth of installments before they receive their financing. This ensures that the borrower has some stake in the repayment of the loan and is committed to making regular payments. In simpler terms, this means that borrowers have to invest some money upfront before they receive their financing, which shows their commitment to repaying the loan.

Vehicle Financing-i GradPack covers both national and non-national car models such as Toyota Vios, Honda City, Suzuki Swift, Ford Fiesta, Nissan Grand Livina, and Nissan Latio.

With competitive profit rates, flexible financing tenure, and a range of models available for financing, graduates can easily own their first car and begin their journey towards financial independence.

For more details, please contact the Customer Care at +603 2600 5500 or visit the nearest Bank Muamalat branches.

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