Bank Islam Malaysia Personal Financing-i (Package and Non-Package)
Islamic Personal Financing in Perlis
Bank Islam's personal financing family with fully printed floating-rate grids referenced to the Standardised Base Rate (SBR 2.75% effective 10 July 2025). Package (employer-tied) financing runs RM10,000 to RM400,000 over up to 10 years, from SBR + 2.25% = 5.00% (1 to 2 years, government package with Takaful) to SBR + 6.30% = 9.05% without Takaful. Non-package financing runs RM10,000 to RM300,000 over up to 10 years with rates from SBR + 6.25% = 9.00% (salary transfer with Takaful) up to SBR + 18.25% = 21.00% (standing instruction, salary below RM5,000, no Takaful). Selling price is fixed and known; no guarantor, deposit or processing fee; benefits include cross-sell discounts for house financing customers (crawled bankislam.com 2026-08-06).
Nobody in Malaysia prints personal financing pricing like Bank Islam: every combination of employer package, payment mode, salary band, Takaful choice and tenure has its own printed rate, from a market-leading 5.00% to an eye-watering 21.00%. The lesson is in the spread: this product is excellent for government and package-company staff paying by salary transfer with Takaful, and expensive for everyone else. Check which cell of the matrix you land in before comparing with Maybank's flat 9% to 11% fixed.
Pros
- Most granular pricing disclosure of any personal financing page we crawled in Malaysia
- Package tiers from 5.00% beat Maybank's 9% floor and RHB's 14% variable
- High ceiling (RM400,000) for package customers
Cons
- Non-package pricing can reach a printed 21.00% for low-salary standing-instruction customers
- Floating SBR-referenced rates move with BNM policy, unlike Maybank's fixed grid
- Contract name absent from page text
Ready to apply?
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Product Details
Structure
unspecified
Min Amount
RM10,000
Max Amount
RM400,000 (package); RM300,000 (non-package)
Term Options
Up to 10 years (120 months) or retirement age
Bank Islam Malaysia in Perlis
Bank Islam Malaysia's Personal Financing-i (Package and Non-Package) is available to Perlis residents, using a unspecified structure. The total selling price is fixed in the contract, and early settlement earns an ibra' (rebate) on unearned profit under BNM's rules. Bank Islam Malaysia operates across Malaysia, so Perlis residents have full access to this product.
Shariah Compliance & Oversight
Bank Islam's Group Shariah Supervisory Council (GSSC) reports functionally to the Board and is named in full on the bank's leadership page: Ir Dr Muhamad Fuad Abdullah (Chairman), Sahibus Samahah Prof. Dato' Dr Asmadi Mohamed Naim, Dr Shamsiah Mohamad, Datu Haji Kipli Haji Yassin, Prof. Dr Wan Abdul Fattah Wan Ismail and Prof. Emeritus Dato' Dr Mohd Azmi Omar. The GSSC has a published Charter and Terms of Reference and performs oversight of all Shariah matters across the group (bankislam.com/corporate-info/about-us/leadership/ and /corporate-info/corporate-governance/, crawled 2026-08-06).
2026-08-06
Why It's Halal
A full-fledged Islamic bank product under the named GSSC with a fixed contractual selling price, printed rate matrices (mode of payment, salary band, Takaful election and tenure all priced explicitly) and optional (not forced) Takaful coverage. The rate grids also show the fiqh-relevant detail that Takaful uptake lowers the profit rate, a permitted pricing incentive. Honest caveat: contract name not printed in the crawlable page text (crawled bankislam.com 2026-08-06).
Regional Availability
Bank Islam Malaysia serves all of Malaysia
✓ Available nationwide including Perlis
Ready to apply?: Bank Islam Malaysia
Visit Bank Islam Malaysia's website to get current terms, check eligibility for Perlis, and get started today.
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NationwideFrequently Asked Questions
What is Bank Islam Malaysia Personal Financing-i (Package and Non-Package)?
Why is Bank Islam Malaysia Personal Financing-i (Package and Non-Package) considered halal?
Is Bank Islam Malaysia Personal Financing-i (Package and Non-Package) available in Perlis?
What Shariah oversight does Bank Islam Malaysia have?
What financing structure does Bank Islam Malaysia Personal Financing-i (Package and Non-Package) use?
How do I apply for Bank Islam Malaysia Personal Financing-i (Package and Non-Package) in Perlis?
What halal finance actually reaches Perlis?
What serves Perlis's farming economy?
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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.