Personal Finance

An individual can meet obligations that require financial assistance in compliance with the Shariah guidelines through Islamic personal financing. It is very transparent and the customer will be made aware of the exact amount to be paid on a monthly basis and for how long.Either a leasing arrangement can be drawn up or a monetisation structure can be selected in order to fulfill the financing procedures.

Types of Arrangements

Service Ijarah

Ijarah refers to leasing a property and its usufruct for a specific period of time in return for an agreed consideration.

In Service Ijarah, two independent contracts are involved: one between the Islamic Bank and service provider, and another between the Islamic Bank and the customer (sublease-contract).

Monetisation (Tawarruq)

It refers to the purchase of a commodity for a deferred price through bargaining (Musawama) or markup-sale (Murabaha) and then selling it to a third party for an on-the-spot payment to receive cash.


March 15, 2018

Financial Planning, The Islamic Perspective

Every individual has certain needs for which they either spend the money from their income, or save it.
March 23, 2017

Islamic Banking in Malaysia

Islamic banking is a branch of banking that is exclusively compliant with the Shariah (Islamic) law.
March 23, 2017

Islamic Microfinance in Malaysia

Poverty is a global challenge and in particular, Muslim societies fare far worse in comparison to the rest of the world with regard to addressing problems stemming from poverty.