Islamic Car Financing in Kelantan

Bank Islam's vehicle financing with a fully printed rate grid: new national vehicles 2.35% to 3.15% p.a., new non-national 2.20% to 2.35%, unregistered reconditioned 2.35% to 2.70%, new hybrid and EV 2.10% to 2.20%, used vehicles from 3.65% (1 to 5 years old) and from 3.92% (6 to 10 years old), profit calculated monthly on the Sum of Digits method. Margin of financing up to 90% of on-the-road price, tenure up to 9 years, with a fixed and known selling price, ibra' (rebate) on early settlement and printed ta'widh (late compensation) terms: 1% p.a. on overdue instalments before maturity, IIMM-rate-based after maturity (crawled bankislam.com 2026-08-06).

Murabahah to the Purchase Orderer vehicle financing designed for armed forces personnel, government servants and pensioners: 100% margin of financing, flat rates, minimum income RM1,800/month, entry age 18 to 70 (not exceeding 75 at maturity).

Tawarruq vehicle financing from Bank Rakyat for new national and imported cars: up to 100% margin on the on-the-road price, tenure to 9 years, minimum income RM2,000/month, with published fees (wakalah fee RM28.30, stamp duty RM10) and no early settlement fee.

CIMB Islamic's Shariah-compliant auto financing for new, used and unregistered reconditioned vehicles, with a choice of fixed or variable profit rates, margin of financing up to 90% and payment tenure up to 9 years. The page links current rates, separate Product Disclosure Sheets for fixed-rate and variable-rate variants, dedicated auto finance centres nationwide and Takaful/insurance coverage up to 100% of sum insured including flood and landslide protection. ePayment via Clicks, Auto Fund Transfer, ATM and interbank GIRO (crawled cimb.com.my 2026-08-06).

Hong Leong Islamic Bank's vehicle financing with the contract named and explained: 'This product is based on Shariah Contract of Al-Ijarah Thumma Al-Bai (AITAB). AITAB refers to a leasing which ends with the sale of the asset', with the bank leasing the vehicle for an agreed rental and ownership transferring on the final instalment. Covers new, used and reconditioned vehicles for individuals aged 21 to 70, sole proprietorships, partnerships and companies, with speedy approval, online payment and a financing calculator on the page. Documents, PDS, HLM Takaful HPRTT disclosure and application form are published (crawled hlbislamic.com.my 2026-08-06).

Maybank Islamic's hire purchase-i, described on the page as Shariah-compliant car financing based on the principles of Ijarah Thumma Al-Bai' (lease followed by sale). Margin of finance runs to a maximum of 90% of the dealer's or seller's invoice for new passenger cars, 4WD, MPV and SUV (CBU and CKD) and unregistered reconditioned imports, and 85% for second-hand vehicles, all with payment periods up to 108 months (9 years). The page lists road tax and motor takaful renewal support, payment via branches, ATMs, Maybank2u and e-kawanku, and an extensive nationwide dealer network (crawled maybank2u.com.my 2026-08-06).

Public Islamic Bank's vehicle financing with the contract in the product name: 'under the Shariah principle of Al Ijarah Thumma Al-Bai', offering an attractive margin of financing and competitive rates for commercial or consumer vehicles over up to 9 years, with payment via PBe, ATM and Public Bank/Public Islamic Bank branches. The page publishes the PDS (English and BM), a Personal Data Protection Notice, a margin of financing and maximum duration schedule, and a Code of Ethics on Repossession. The bank's announcements page notes the introduction of the Fixed Rate Reducing Balance Method under the Hire Purchase (Amendment) Act 2026, effective 1 June 2026 (crawled publicislamicbank.com.my 2026-08-06).

RHB Islamic's auto financing on a hire-and-purchase basis ('we buy your dream car, and hire it out to you'), covering new, used and unregistered reconditioned vehicles with up to 90% margin of financing and tenure up to 108 months (9 years). The standard Vehicle Financing-i (Variable Rate) calculates profit on a reducing balance (daily rest) method; the VF-i Flexi Redraw variant adds profit charge discounts of up to 50% of the total financing amount, a redraw option on excess payments and no exit fee on early settlement. Eligible: individuals 18+, sole proprietorships, partnerships and companies, with guarantor requirements for applicants under 21 or over 60 and non-Malaysians (crawled rhbgroup.com 2026-08-06).