Agrobank AgroCash-i
Islamic Personal Financing in Pahang
Personal financing from Agrobank aimed at agriculture and agro-based needs: promotional tiers from SBR + 2.23% p.a. (up to 3 years) and SBR + 2.25% (to 10 years) for qualifying customers, standard tiers to SBR + 4.67%, ceiling rate SBR + 7.75% or 10% p.a. (whichever higher), maximum tenure 10 years.
AgroCash-i prices aggressively for its target market - a government employee with clean credit financing agro activity can start near 4.98% effective, undercutting most commercial banks' personal financing. The pricing ladder is published in full. Outside the mandate profile the tiers climb quickly, and Bank Rakyat's public-sector fixed rates remain the benchmark for pure payroll borrowers. Verified 6 Aug 2026.
Pros
- Promotional SBR + 2.23% is among the lowest floating formulas in the market
- Tier criteria and ceiling printed - creditworthy applicants can estimate cost
- Mandate lender comfortable with agricultural income profiles
Cons
- Best tiers gated by employment sector, amount and clean CCRIS record
- Floating rate; weaker-credit applicants can pay SBR + 4.85%
- Agriculture-linked purpose scoping limits general-purpose use
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Product Details
Structure
undisclosed
Agrobank in Pahang
Agrobank's AgroCash-i is available to Pahang residents, using a undisclosed structure. The total selling price is fixed in the contract, and early settlement earns an ibra' (rebate) on unearned profit under BNM's rules. Agrobank operates across Malaysia, so Pahang residents have full access to this product.
Our Take on Agrobank
A mandate lender with surprisingly sharp published rates: FRIA-i tops the cluster's board tables and AgroCash-i prices aggressively for qualifying government-sector borrowers. DFI status (no PIDM) and patchy website availability are the caveats.
How Agrobank Works
Verify current rates on the Kadar page
Agrobank centralises deposit and financing rates on its rates page with effective dates - check it given the site's intermittent availability.
Self-assess your AgroCash-i tier
Sector, amount and CCRIS criteria for each pricing tier are printed - know your tier before applying.
Weigh the DFI protection difference
No PIDM membership; the 2.50% premium over Alliance's 2.45% partly prices that.
Use branches for resilience
Given crawl-time website instability, branch and call channels may be more dependable.
Financing Structure
Deposits use safe-keeping and fixed-return Islamic structures (Agro Perdana-i is presented under Wadiah Yad Dhamanah; FRIA-i is a fixed-return Islamic account with the contract per PDS). Financing prices off the Standardised Base Rate inside published ceilings, with contracts per product PDS.
In-Depth Analysis
Agrobank (Bank Pertanian Malaysia Berhad) is the government-owned development financial institution for agriculture, and it completed conversion into a full-fledged Islamic bank on 1 July 2015 - a decade of wholly-Shariah operation as of 2025. Its deposit shelf publishes dated tables: FRIA-i runs 2.20% (1 month) to 2.50% (12-60 months) effective 1 January 2026, with a separate advance-payment (upfront profit) track at 2.02%-2.29%, and the Agro Perdana-i Giro account (Wadiah Yad Dhamanah) prints hibah tiers of 0.15%/0.30%/0.45%. That 2.50% board rate leads everything else in this cluster including the promotional-free digital banks. Rates verified from agrobank.com.my 6 Aug 2026; note the main site was intermittently unreachable during our crawl window, so verify availability when applying.
AgroCash-i, the personal financing product scoped to agriculture and agro-based activity, prints its whole pricing ladder: promotional SBR + 2.23% (up to 3 years) and + 2.25% (to 10 years) for qualifying customers, second-tier promos at + 2.43%/2.45%, standard pricing to + 4.67% and + 4.85% for weaker repayment records, against a ceiling of SBR + 7.75% or 10% p.a. (whichever higher) with SBR at 2.75%. Limits reach RM250,000 for federal government staff over a maximum 10 years. The tier criteria (employment sector, amount, CCRIS record) are printed, making eligibility self-assessable.
As a DFI, Agrobank sits under DFIA 2002 and BNM's Shariah Governance Framework for Islamic DFIs rather than IFSA licensing, and - like Bank Rakyat - it is not a PIDM member, so the deposit-insurance caveat applies to its leading rates. Its Shariah Committee has been chaired by Ustaz Wan Rumaizi Wan Husin per 2024 reports (BNM's 2021 list recorded Azizi Che Seman as chairman with five members).
Shariah Compliance Details
- Full-fledged Islamic bank since 1 July 2015; government-owned DFI under DFIA 2002; BNM Shariah Governance Framework for Islamic DFIs applies
- Committee chaired by Ustaz Wan Rumaizi Wan Husin (reported 1 June 2024); BNM 2021 list: Azizi Che Seman (Chairman), Engku Ahmad Fadzil Engku Ali, Jahaidi Harun, Dr. Abdullaah Jalil, Assoc. Prof. Dr. Shafaai Musa, Prof. Madya Dr. Sharifah Faigah Syed Alwi
- Not a PIDM member; dated rate disclosure on deposits and financing
How Agrobank Compares
Against Bank Rakyat (the other fully-Islamic DFI) Agrobank wins the TD board rate (2.50% vs 2.30%) but loses on savings tiers and the personal financing matrix. Against PIDM-insured Alliance (2.45%), the 5 basis point premium is thin compensation for the protection difference - the case strengthens for larger, longer placements.
Fellow Islamic DFI with better savings and financing tiers; same non-PIDM status.
2.45% PIDM-protected 12-month rate - the safer near-equivalent.
3.08% 6-month digital promo with PIDM cover beats FRIA-i short tenures.
Bottom Line
Use Agrobank for its cluster-best published term rates and mandate lending if you accept DFI deposit-protection status; PIDM purists should take Alliance's 2.45% instead.
Read full Agrobank reviewShariah Compliance & Oversight
Overseen by Agrobank's Shariah Committee, chaired by Ustaz Wan Rumaizi Wan Husin (reported appointment 1 June 2024); per BNM's consolidated committee list (1 June 2021) previous membership included Azizi Che Seman (then Chairman), Engku Ahmad Fadzil Engku Ali, Dr. Abdullaah Jalil, Assoc. Prof. Dr. Shafaai Musa and Prof. Madya Dr. Sharifah Faigah Syed Alwi. Agrobank (Bank Pertanian Malaysia Berhad) became a full-fledged Islamic bank on 1 July 2015; it is a government-owned development financial institution regulated by BNM under DFIA 2002.
2026-08-06
Why It's Halal
A financing facility from a full-fledged Islamic bank whose whole book is Shariah-based, overseen by its Shariah Committee. Pricing is formula-published (SBR-linked tiers by customer criteria, with SBR currently 2.75% and the ceiling rate disclosed), so the cost drivers are visible before application. Verified from agrobank.com.my product pages on 6 Aug 2026.
Regional Availability
Agrobank serves all of Malaysia
✓ Available nationwide including Pahang
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NationwideFrequently Asked Questions
What is Agrobank AgroCash-i?
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Is Agrobank AgroCash-i available in Pahang?
What Shariah oversight does Agrobank have?
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