CIMB Islamic CIMB Platinum-i Credit Card
Islamic Personal Financing in Perlis
CIMB Islamic's accessible points card: 1 Bonus Point per RM1 spent, redemption against flights, hotel stays and catalogue rewards or pay-with-points, 0% Easy Pay instalments up to 36 months at participating merchants, and 5x Bonus Points on Zakat and charity payments (1 March 2026 to 28 February 2027 campaign, extra 4x fulfilled quarterly). Minimum annual income RM24,000; principal and supplementary annual fees waived. Effective 1 January 2026 the Shariah concept converted from Ujrah to Tawarruq (crawled cimb.com.my 2026-08-06).
A sensible entry Islamic card: free to hold, honest Tawarruq paperwork, and the 5x Zakat/charity points campaign shows someone designed rewards for the actual customer base. Pure cash back chasers will earn more on Bank Islam's Visa Platinum (up to 5% on capped categories); points-and-instalments users will be happy here.
Pros
- Accessible income requirement with waived fees
- Zakat-linked rewards are unique in this cluster
- Same documented Shariah migration disclosure as the premium card
Cons
- 1 point per RM1 base earn is modest against Bank Islam's 5% capped cash back tiers
- Reward value depends on catalogue redemption rates
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Product Details
Structure
tawarruq
CIMB Islamic in Perlis
CIMB Islamic's CIMB Platinum-i Credit Card is available to Perlis 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 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
Same governance stack as the Petronas-i card: the printed 1 January 2026 Ujrah-to-Tawarruq conversion notice, CIMB Islamic PDS and cardholder terms, under the six-member Board Shariah Committee. The 5x points campaign on Zakat and charity payments is a distinctive Islamic-finance-native reward design (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
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