Public Islamic Bank Home Equity Financing-i
Islamic Home Financing in Putrajaya
Public Islamic Bank's flagship home financing for purchase and refinancing with tenures up to 35 years, competitive financing rates and margin, preferential rates for green and environment-friendly purposes, a redraw facility and multiple payment channels via PBe, ATM and Public Bank/Public Islamic Bank branches. The bank's financing rates page prints the reference framework as at 11 July 2025: Standardised Base Rate 2.75% p.a., Base Rate 3.27% p.a. and Base Financing Rate 6.47% p.a. The bank also participates in the First Home Mortgage Guarantee Programme for eligible first-time buyers. Both English and Bahasa Malaysia PDS documents are published on the page (crawled publicislamicbank.com.my 2026-08-06).
Public Islamic's home financing page is the thinnest of the six on printed specifics: no rate, no margin, no contract name, just the reference rates and features. What it does offer is distinctive: green preferential pricing, a redraw facility and First Home Mortgage Guarantee Programme access inside Malaysia's most conservative major banking group. Extract the effective rate from the PDS and benchmark against Bank Islam's printed 3.55% and RHB's 4.50% standard indicative rate.
Pros
- Green preferential pricing is unique among the six banks' printed home financing pages
- FHMGP route helps first-time buyers finance without a full down payment
- Public Bank group's service reputation
Cons
- No product rate, margin of financing or contract name printed on the page (Bank Islam prints 3.55% EPR, RHB prints its full board grid)
- Page depth is thin; the PDS carries the substance
Get a Quote
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Product Details
Structure
Islamic home financing with redraw and green preferential rates
Features
Purchase and refinancing up to 35 years, Redraw facility on excess payments, Preferential rates for green and environment-friendly purposes, First Home Mortgage Guarantee Programme participation, PDS in English and Bahasa Malaysia
Term Options
Up to 35 years
Public Islamic Bank in Putrajaya
Public Islamic Bank's Islamic home financing with redraw and green preferential rates structure offers Putrajaya buyers a halal path to homeownership: instead of an interest-bearing loan, the contract is built on trade, leasing, or shared ownership of a real asset. Valuation, land office, and legal steps for a Putrajaya property run through the state's own machinery; Public Islamic Bank's panel lawyers handle the process, and floating rates reprice against the Standardised Base Rate under BNM's framework. Public Islamic Bank operates across Malaysia, so Putrajaya residents have full access to this product.
Our Take on Public Islamic Bank
Public Islamic Bank is the quiet value pick of the cluster: the best unconditional printed savings rate (ForU2Save 2.10%), the fastest route to a 2.00% term deposit (13 months), same-week rate sheets, and contract names baked into the product titles. Financing is the weak flank for a comparison shopper: pages are thin, with no printed product rates or margins, deferring everything to the PDS. Its personality mirrors its parent: conservative, precise, and understated to a fault.
How Public Islamic Bank Works
Open with modest minimums
CM Savings from RM250; Term Deposit-i from RM1,000 (2+ months) or RM5,000 (1 month); current accounts from RM3,000 with an introducer.
Pick the right variant
Ask for ForU2Save (2.10% first RM50,000) rather than the standard CM Savings; salary earners can use MySalary tiers to 1.00%.
Finance via PDS
Home, vehicle and personal financing pricing is disclosed in the PDS and at quotation; check the published financing rates page for the SBR (2.75%), BR (3.27%) and BFR (6.47%) benchmarks.
Financing Structure
Public Islamic runs Commodity Murabahah (Tawarruq) across deposits, with the mechanics governed by a published 5.00% Ceiling Profit Rate: the bank trades commodities at the ceiling-derived selling price and depositors earn the effective profit rate. Vehicle financing is AITAB (lease ending in sale), named in the product title. Financing contracts for home and personal products are documented in the per-product PDS.
In-Depth Analysis
Public Islamic Bank Berhad (company no. 197301001433) commenced operations on 1 November 2008 as Public Bank's wholly owned Islamic subsidiary, distributing through 260 Public Bank branches plus four full-fledged Islamic branches at Kg Baru, Putrajaya, Wakaf Siku and Jalan Kota (bank's own about page, crawled 2026-08-06).
Its deposit franchise is the cluster's best-kept secret. The ForU2Save variant prints 2.10% on the first RM50,000 with no salary-crediting or spending conditions, beating every standard adult savings rate in the market; the Term Deposit-i reaches 2.00% at 13 months where CIMB requires 36 for its 2.05%; and rate sheets carry effective dates as fresh as 5 August 2026, one day before our crawl. Behind it all sits a published 5.00% Ceiling Profit Rate that explains how the Tawarruq commodity trade prices, disclosure most banks skip entirely.
Financing is where the comparison shopper hits a wall: the Home Equity Financing-i page lists features (35-year tenures, redraw, green preferential rates, First Home Mortgage Guarantee Programme participation) but no rate, margin or contract name; AITAB Hire Purchase-i names its contract prominently but prices at quotation. The published Code of Ethics on Repossession and the HPAA 2026 transition notices show a bank that documents conduct even when it does not print prices.
Governance is strong on names: the Shariah Committee's full biographies are published, chaired by Dr. Shafaai bin Musa with members trained at Al-Azhar, IIUM, USIM, Exeter and INCEIF. The card shelf is small but distinctive, including a Gold MasterCard-i that automatically donates 0.1% of dining spend to Yayasan Waqaf monthly.
Shariah Compliance Details
- Shariah Committee with full published biographies, chaired by Dr. Shafaai bin Musa (publicislamicbank.com.my corporate governance page, crawled 2026-08-06)
- Full-fledged Islamic bank under IFSA 2013, wholly owned by Public Bank, operating since 1 November 2008 (crawled 2026-08-06)
- Ceiling Profit Rate (5.00%) published for Commodity Murabahah deposit pricing (crawled 2026-08-06)
- PIDM protection up to RM250,000 stated on individual deposit product pages (crawled 2026-08-06)
How Public Islamic Bank Compares
Against CIMB Islamic, PIB wins medium-term deposits (2.00% at 13 months vs 36) and freshness, loses cards and digital. Against RHB Islamic, PIB's unconditional 2.10% ForU2Save beats RHB's conditional 6.60% ceiling for most real savers, while RHB prints far more financing pricing. Against Maybank Islamic, PIB's rate sheets are current where Maybank's are stale, but Maybank's network and product breadth are in a different class.
Better cards, digital banking and payout flexibility on deposits; needs 36-month commitment to beat PIB's 13-month 2.00%.
Far richer printed financing pricing and a partnership mortgage option; savings yields need behavioural hoops PIB does not impose.
Matches PIB's 2.00% at 13 months with a lower RM500 entry, and adds page-level contract education; savings rates are weaker.
Bottom Line
The saver's bank of Malaysia's big six: 2.10% unconditional on the first RM50,000, 2.00% term deposits from 13 months, and Tawarruq mechanics disclosed down to the ceiling rate. Financing shoppers should extract the PDS numbers before committing, because the pages will not volunteer them.
Read full Public Islamic Bank reviewShariah Compliance & Oversight
Public Islamic Bank publishes full biographies of its Shariah Committee on its corporate governance page: Dr. Shafaai bin Musa (Chairman, appointed June 2022; Al-Azhar, IIUM and Glasgow Caledonian trained), Assoc. Prof. Dr. Syed Musa Syed Jaafar Alhabshi (November 2022), Assoc. Prof. Dr. Yasmin Hanani Mohd Safian (April 2024; Al-Azhar, Birmingham and Exeter trained), Assoc. Prof. Dr. Mohamad Zaharuddin Zakaria (USIM), and Hj. Abdul Rahman Mohd Yusoff (1 April 2025; INCEIF Teaching Fellow, former ISRA Consulting interim Deputy CEO) (publicislamicbank.com.my/personal-banking/about-us/corporate-governance/shariah-committee/, crawled 2026-08-06).
2026-08-06
Why It's Halal
Offered by Public Islamic Bank Berhad, a full-fledged licensed Islamic bank under IFSA 2013 (company no. 197301001433), with a dedicated Islamic PDS and the bank's named Shariah Committee (chaired by Dr. Shafaai bin Musa) overseeing all products. Honest caveats: the underlying contract for Home Equity Financing-i is documented in the PDS rather than the page text, and no product-specific profit rate or margin percentage is printed on the crawlable page, only the bank-level reference rates (crawled publicislamicbank.com.my 2026-08-06).
Regional Availability
Public Islamic Bank serves all of Malaysia
✓ Available nationwide including Putrajaya
Get a Quote: Public Islamic Bank
Visit Public Islamic Bank's website to get current terms, check eligibility for Putrajaya, and get started today.
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NationwideHalal Home Finance Estimate - Putrajaya
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Monthly
RM 2,023
Total Cost
RM 728,142
Total Profit
RM 408,142
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.