CIMB Islamic Pembiayaan Peribadi Awam-i
Islamic Personal Financing in Perlis
CIMB Islamic's personal financing exclusively for government employees (including GLCs and statutory bodies): RM200,000 maximum over up to 10 years, with printed fixed rates from as low as 3.50% p.a. and repayment via monthly salary deduction through Biro Perkhidmatan Angkasa (BPA). Eligibility: Malaysian citizens aged 21 to 59, permanent and contract staff (minimum 3-month contract), minimum gross income RM1,400 per month; financing matures by age 60. Disbursement to CIMB or other-bank accounts via IBG; an Ibra' calculator, PDS, declaration form and BPA Form 1/79 are published on the page (crawled cimb.com.my 2026-08-06).
If you are a Malaysian civil servant, this is the printed price to beat: from 3.50% fixed with ANGKASA deduction, an Ibra' calculator on the page, and a RM1,400 income floor that includes contract staff. Bank Islam's best package tier (5.00%) and Maybank's 9% fixed cannot touch it. Private-sector borrowers are excluded and should look at Bank Islam or Maybank instead.
Pros
- Lowest printed personal financing rate among the six banks (from 3.50% fixed)
- Very low income gate (RM1,400) opens access broadly within government service
- Ibra' calculator is a model of early-settlement transparency
Cons
- Government/GLC employees only
- Salary deduction through BPA is mandatory, reducing payment flexibility
- Contract name in PDS, not page
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Product Details
Structure
unspecified
Min Amount
Not stated; maximum RM200,000
Max Amount
RM200,000
Term Options
Up to 10 years (matures by age 60)
CIMB Islamic in Perlis
CIMB Islamic's Pembiayaan Peribadi Awam-i 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. CIMB Islamic operates across Malaysia, so Perlis 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
An Islamic-shelf product under CIMB Islamic's Board Shariah Committee with a published Ibra' (rebate) calculator, which only exists for Shariah financing where early settlement rebates on the contractual selling price are required, plus a dedicated Islamic PDS. Honest caveat: contract name not printed in the crawlable page text (crawled cimb.com.my 2026-08-06).
Regional Availability
CIMB Islamic serves all of Malaysia
✓ Available nationwide including Perlis
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NationwideFrequently Asked Questions
What is CIMB Islamic Pembiayaan Peribadi Awam-i?
Why is CIMB Islamic Pembiayaan Peribadi Awam-i considered halal?
Is CIMB Islamic Pembiayaan Peribadi Awam-i available in Perlis?
What Shariah oversight does CIMB Islamic have?
What financing structure does CIMB Islamic Pembiayaan Peribadi Awam-i use?
How do I apply for CIMB Islamic Pembiayaan Peribadi Awam-i 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.