CIMB Islamic CIMB PETRONAS Visa Infinite-i Credit Card
Islamic Personal Financing in Labuan
CIMB Islamic's premium fuel-and-travel credit card: up to 12% cash rebate on PETRONAS transactions (including Setel and EV charging at PETRONAS stations), up to 6% on groceries, dining and cashless parking, unlimited 1% on overseas spend (statement balance RM1,500+), capped at up to RM1,440 rebate annually. Travel benefits include 4x Plaza Premium Lounge visits per year, 12x Sky Lounge access at Subang with RM2,000 monthly spend, up to RM300,000 travel Takaful when tickets are paid on the card, and 0% Easy Pay at Proton/Perodua service centres. Minimum income RM120,000 p.a. (RM60,000 for CIMB@Work); principal and supplementary annual fees waived. Effective 1 January 2026 the card's Shariah concept converted from Ujrah to Tawarruq (notice printed on page) (crawled cimb.com.my 2026-08-06).
The strongest Islamic credit card proposition in Malaysia on printed numbers: 12% at PETRONAS (EV charging included), 6% on daily categories, fee-free, with Takaful-backed travel cover, and a dated, documented conversion to Tawarruq from January 2026. If your fuel spend is elsewhere or your income is under the gate, CIMB's own Platinum-i (RM24,000 income, points-based) or Bank Islam's 5% cash back Platinum are the fallbacks.
Pros
- Best printed rewards economics of any Islamic card in this cluster
- Model Shariah disclosure: the Ujrah-to-Tawarruq migration is documented with dates on the page
- Fee waiver plus RM60,000 income route via CIMB@Work
Cons
- RM120,000 standard income gate is steep
- 12% headline rebate is capped (RM1,440/year) and tiered by spend
- Rebate value concentrated on PETRONAS ecosystem
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Product Details
Structure
tawarruq
CIMB Islamic in Labuan
CIMB Islamic's CIMB PETRONAS Visa Infinite-i Credit Card is available to Labuan residents, using a tawarruq structure. The total selling price is fixed in the contract, and early settlement earns an ibra' (rebate) on unearned profit under BNM's rules. CIMB Islamic operates across Malaysia, so Labuan residents have full access to this product.
Our Take on CIMB Islamic
CIMB Islamic is the disclosure leader of the big-group subsidiaries: contracts named on page after page, board rates with current effective dates, and a card-structure migration (Ujrah to Tawarruq, January 2026) documented the way Shariah governance should be, with dated notices customers can read. Its Mudarabah-offset flexi mortgage is structurally the most interesting home financing in the cluster, and its cards are the rewards benchmark. Gaps: home financing pages print no indicative rates, and the savings tier table is dated 2020.
How CIMB Islamic Works
Open via OCTO or branch
EcoSave opens with RM250; FD-i placements from RM1,000 (2 to 60 months) or RM5,000 (1 month), including online.
Pick your payout
FD-i pays at maturity, monthly, or upfront on day one via the Why Wait variant; partial withdrawals keep the contracted rate on the remaining balance.
Finance with the offset
Flexi Home Financing-i customers park cash in SMIA-i, cutting daily profit with no cap and withdrawing freely via the OCTO app.
Financing Structure
CIMB Islamic standardised on Tawarruq across its retail shelf: savings (EcoSave), fixed deposits, current accounts and, since 1 January 2026, all credit cards. Its flexi mortgage adds a Mudarabah (profit-sharing) investment account as the offset vehicle, and hire purchase runs fixed or variable variants under Malaysia's Islamic hire purchase framework, each with its own PDS.
In-Depth Analysis
CIMB Islamic Bank Berhad runs Malaysia's second-largest banking group's Islamic franchise, and its defining trait in this crawl is documentation quality. Deposit pages name Tawarruq and print tier tables; the fixed deposit family carries board rates effective 19 June 2026 in three payout variants including profit-paid-upfront (Why Wait); and foreign currency FD-i rates are published for USD, EUR, GBP and AUD.
The January 2026 conversion of the entire Islamic card portfolio from Ujrah (fee-based) to Tawarruq was announced with customer notices dated 21 November 2025 and 31 December 2025, linked from the card pages themselves. Whatever one's fiqh preference between the two structures, this is what active, customer-visible Shariah governance looks like, and no other bank in the cluster has a comparable public migration trail (crawled cimb.com.my 2026-08-06).
The mortgage shelf's headline is the Flexi Home Financing-i: a Special Mudarabah Investment Account-i offsets 100% of parked balances against daily financing profit with no cap and free withdrawals through the OCTO app, making it the only named-Islamic-offset full-flexi in the cluster. The gap is pricing: neither flexi nor variable home financing pages print an indicative rate, so the PDS is mandatory reading.
Governance sits with the six-member Board Shariah Committee chaired by Assoc. Prof. Dr. Mohamed Fairooz Abdul Khir (who also serves on Maybank Islamic's committee), with international members including Prof. Dr. Aishath Muneeza and Prof. Dr. Yousef Al-Shubaily, published in the FY2025 audited financial statements.
Shariah Compliance Details
- Six-member Board Shariah Committee chaired by Assoc. Prof. Dr. Mohamed Fairooz Abdul Khir, published with the FY2025 audited financial statements (crawled 2026-08-06)
- Card portfolio converted from Ujrah to Tawarruq effective 1 January 2026 with dated notices (21 November 2025, 31 December 2025) linked on card pages (crawled 2026-08-06)
- Contracts named at page level on deposits and cards; Islamic PDS per product (crawled 2026-08-06)
- PIDM member; Islamic deposits protected up to RM250,000 (crawled 2026-08-06)
How CIMB Islamic Compares
Against Maybank Islamic, CIMB matches breadth and beats it decisively on published rates and card rewards. Against Bank Islam, CIMB wins deposits and cards while Bank Islam wins financing transparency with its printed 3.55% EPR. Against Public Islamic, CIMB's 2.05% top FD rate needs 36 months where PIB pays 2.00% from 13, and PIB's ForU2Save out-earns EcoSave below RM50,000.
Fresher deposit sheets (5 August 2026) and 2.00% from 13 months, but a much thinner card and digital proposition.
Printed home and vehicle financing rates that CIMB's mortgage pages lack; weaker deposits and cards.
Comparable disclosure culture with a full home financing board grid, plus a genuine Musharakah Mutanaqisah option CIMB does not offer.
Bottom Line
The best-documented Islamic bank shelf in Malaysia: named contracts, dated board rates, a public card-structure migration and the cluster's only Mudarabah-offset mortgage. Bring your own rate diligence on home financing, where the PDS holds the numbers the pages do not.
Read full CIMB Islamic reviewShariah Compliance & Oversight
CIMB Islamic's Board Shariah Committee (BSC) is disclosed on the CIMB Group board committees page and in the FY2025 audited financial statements: Assoc. Prof. Dr. Mohamed Fairooz Abdul Khir (Chairman), Prof. Dr. Aishath Muneeza, Dr. Ahmad Sufian Che Abdullah, Dr. Mohammad Mahbubi Ali, Jalalullail Othman and Prof. Dr. Yousef Abdullah Al-Shubaily (appointed effective 1 August 2025). Under BNM's Shariah Governance policy and IFSA 2013 the Board relies on the BSC's independent advice for all Shariah matters (cimb.com board committees page and CIMB Islamic FY2025 financial statements, crawled 2026-08-06).
2026-08-06
Why It's Halal
The page prints the governing Shariah note directly: effective 1 January 2026 all CIMB Islamic credit cards converted from the Ujrah (fee) concept to Tawarruq, with dated notices (21 November 2025 and 31 December 2025) linked, and protection is travel Takaful rather than insurance. Governance is the six-member Board Shariah Committee. This dated, documented concept migration is exactly the kind of active Shariah governance disclosure we look for (crawled cimb.com.my 2026-08-06).
Regional Availability
CIMB Islamic serves all of Malaysia
✓ Available nationwide including Labuan
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NationwideFrequently Asked Questions
What is CIMB Islamic CIMB PETRONAS Visa Infinite-i Credit Card?
Why is CIMB Islamic CIMB PETRONAS Visa Infinite-i Credit Card considered halal?
Is CIMB Islamic CIMB PETRONAS Visa Infinite-i Credit Card available in Labuan?
What Shariah oversight does CIMB Islamic have?
What financing structure does CIMB Islamic CIMB PETRONAS Visa Infinite-i Credit Card use?
How do I apply for CIMB Islamic CIMB PETRONAS Visa Infinite-i Credit Card in Labuan?
Does Labuan's offshore financial centre affect my consumer banking?
How do Labuan residents access the full Islamic product shelf?
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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.