CIMB Islamic Review - Halal Finance Products
Reviewed quarterly and updated for major content changes.
CIMB Islamic offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
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HalalWallet 2026 Review
CIMB Islamic - At a Glance
9
Products Reviewed
All
Provinces (Nationwide)
4
Categories
Our Verdict
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.
Pros & Cons
What We Like
- Named Tawarruq contracts across deposits, current accounts and cards
- Freshest term deposit board rates in the cluster (June 2026) with three payout modes
- Documented, dated card Shariah-structure conversion, a governance disclosure model
- SMIA-i Mudarabah offset makes the Flexi mortgage a true Islamic full-flexi
- Best card rewards: 12% PETRONAS/EV rebate, Zakat-linked 5x points on Platinum-i
What Could Be Better
- No indicative rates printed on home financing pages (Bank Islam and HLISB print theirs)
- EcoSave savings tier table dated effective 1 June 2020, well behind its deposit rate peers
- Civil-servant personal financing (from 3.50%) excludes private sector borrowers
Who Is CIMB Islamic Best For?
Borrowers with fluctuating cash balances
Mudarabah offset account recognising 100% of parked cash against daily profit
High-spend cardholders
Up to 12% PETRONAS rebate with fees waived and Tawarruq documentation
Government employees seeking personal financing
From 3.50% fixed with ANGKASA deduction and a published Ibra' calculator
Detailed 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.
How It Works
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.
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.
Shariah Compliance Review
Oversight Level
Review details on provider's website
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)
Shariah compliance should always be verified directly with CIMB Islamic. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It 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.
vs. RHB Islamic Bank
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.
Products from CIMB Islamic
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).
CIMB Islamic
Pembiayaan Peribadi Awam-i
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).
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CIMB Islamic
CIMB Platinum-i Credit Card
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).
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CIMB Islamic
Fixed Deposit-i (Maturity, Monthly and Why Wait variants)
CIMB Islamic's Tawarruq term deposit family with board rates printed on the bank's profit-rates page effective 19 June 2026: Maturity Return from 1.75% p.a. (1 to 3 months) through 1.85% (4 to 6 months), 1.90% (7 to 14 months), 2.00% (15 to 35 months) to 2.05% (36 to 60 months); Monthly Return pays the same 1.90% to 2.05% band on 12 to 60 month tenures with profit paid monthly; the Why Wait variant (1.75% to 1.90% on 1 to 12 months) pays profit upfront. Minimum placement RM5,000 for 1 month, RM1,000 for 2 to 60 months; partial withdrawals in RM1,000 multiples keep the contracted rate on the remaining balance. PIDM protected (crawled cimb.com.my 2026-08-06).
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CIMB Islamic
EcoSave Savings Account-i
CIMB Islamic's paperless, environment-themed savings account based on the Shariah principle of Tawarruq (stated on page), with tiered profit rates printed on the page: 0.15% p.a. on the first RM50,000, 0.20% to RM100,000, 0.40% to RM200,000 and 1.00% above RM200,000, effective 1 June 2020, with profit calculated daily and credited monthly. Minimum initial deposit RM250, open to individuals 18+, joint accounts allowed, PIDM protected up to RM250,000 (crawled cimb.com.my 2026-08-06).
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CIMB Islamic
CIMB PETRONAS Visa Infinite-i Credit Card
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).
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CIMB Islamic
Variable Home Financing-i
CIMB Islamic's basic term home financing: a simple structure with standard monthly payments to the end of tenure, margin of financing up to 95% including MRTT, legal and valuation fees (capped at 5%), and tenure of 5 to 35 years or age 70. Available for purchase and refinancing of completed and under-construction residential properties including resort homes and serviced apartments, with MRTT financing available for peace of mind. Open to individuals 18+ including (with conditions) foreign applicants (crawled cimb.com.my 2026-08-06).
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CIMB Islamic
Flexi Home Financing-i
CIMB Islamic's full-flexi home financing that pairs the financing account with a Special Mudarabah Investment Account-i (SMIA-i): 100% of any balance parked in SMIA-i is recognised to reduce daily financing profit with no cap on savings, and funds can be deposited or withdrawn any time without charge through the OCTO app. Margin of financing up to 95% including MRTT, legal and valuation fees (capped at 5%), tenure 5 to 35 years or age 70, for purchase and refinancing of completed and under-construction residential properties. Group MRTT financing available up to 5% of property value (crawled cimb.com.my 2026-08-06).
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CIMB Islamic
Hire Purchase-i
CIMB Islamic's Shariah-compliant auto financing for new, used and unregistered reconditioned vehicles, with a choice of fixed or variable profit rates, margin of financing up to 90% and payment tenure up to 9 years. The page links current rates, separate Product Disclosure Sheets for fixed-rate and variable-rate variants, dedicated auto finance centres nationwide and Takaful/insurance coverage up to 100% of sum insured including flood and landslide protection. ePayment via Clicks, Auto Fund Transfer, ATM and interbank GIRO (crawled cimb.com.my 2026-08-06).
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CIMB Islamic
Current Account-i
CIMB Islamic's chequing account, stated on the page to be based on the Shariah concept of Tawarruq, offering full transactional banking through CIMB Clicks and the OCTO app with DuitNow, JomPAY and cheque facilities. PIDM protected up to RM250,000 per depositor (crawled cimb.com.my 2026-08-06).
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Where Available
Based on listings we track, CIMB Islamic operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with CIMB Islamic.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Quick Answer
CIMB Islamic offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Bank Accounts, Home Financing, Personal Financing, Vehicle Financing options.
Key Takeaways
- CIMB Islamic offers Shariah-compliant financial products that avoid interest and prohibited industries.
- Products are available in 1 state: Nationwide.
- Product categories include Bank Accounts, Home Financing, Personal Financing, Vehicle Financing.
- Always verify compliance directly with CIMB Islamic and consult qualified Islamic finance advisors when needed.
- Compare CIMB Islamic's products with other providers to find the best fit for your needs.
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
How to cite this page
Preferred format:
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does CIMB Islamic offer?
CIMB Islamic offers 9 products across 4 categories. CIMB Islamic is best for [object Object],[object Object],[object Object]. Review the products listed above or contact CIMB Islamic directly for current offerings.
How does CIMB Islamic ensure Shariah compliance?
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 does CIMB Islamic work?
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.
Is CIMB Islamic available in my state?
CIMB Islamic operates nationwide, though specific products may have regional limitations. Always verify current availability directly with CIMB Islamic.
What are alternatives to CIMB Islamic?
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. Public Islamic Bank: Fresher deposit sheets (5 August 2026) and 2.00% from 13 months, but a much thinner card and digital proposition. Bank Islam Malaysia: Printed home and vehicle financing rates that CIMB's mortgage pages lack; weaker deposits and cards. RHB Islamic Bank: Comparable disclosure culture with a full home financing board grid, plus a genuine Musharakah Mutanaqisah option CIMB does not offer.
Are CIMB Islamic's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact CIMB Islamic?
Contact information for CIMB Islamic should be available through their website or the product listings above. Use the action links provided with each product to visit CIMB Islamic's website or contact them directly for more information.
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