Maybank Commodity Murabahah Home Financing-i

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Maybank Commodity Murabahah Home Financing-i is a variable-rate, Shariah-compliant home financing based on the concept of Murabahah via Tawarruq or Commodity Murabahah arrangement.

Financing Margin

• Up to 100% with Mortgage Reducing Term Takaful (MRTT) & Home Building Takaful (HBT)

• Up to 90% without Mortgage Reducing Term Takaful (MRTT) & Home Building Takaful (HBT)

Financing Tenure

• Up to 30 years or age of 60, whichever is earlier OR

• Up to 35 years or age of 70, whichever is earlier (Professionals and Graduates).

Features & Benefits

• Based on the principle of Murabahah (cost plus profit)

• The Bank provides home financing to customer via trading of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein.

• Choice of affordable fixed, tiered or variable profit rate

• No compounding of profit and other charges

• No early settlement charge / lock-in period penalty

• Protection of ceiling rate upon the fluctuation of Base Financing Rate (BFR) throughout tenure

• Competitive financing rates and margin of financing

• Lower monthly instalment with the longer payment period of up to 35 years or until the age of 70, whichever comes first

• Higher financing eligibility of up to 70% of your gross income*

• Higher financing margin of up to 100% of the value of the house (including capitalisation of related expenses such as MRTT contribution)

• MRTT coverage, which settles your outstanding mortgage and transfers the title deed to your family in the event of death or total and permanent disability

• 20% reduction on stamp duty for new financing & waiver of conversion from Conventional facility

• Hassle free for the third party financing

• Granting of rebate for early settlement

• Minimal documentation compared to other home financing plans

• Convenient payment options of your instalment via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

* Terms & Conditions Apply

Eligibility

• All individuals, joint applicants, residents, and non-residents

Fees and Charges

• Non-Zero Entry Cost - The customer pays the legal fees, valuation fees and **stamp duties

• No trading or brokerage fee - Customer will not be charged brokerage/ trading fee for the Commodity trading

**20% reduction of the stamp duty for new Islamic financing

NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please contact the Maybank Customer Care at 1 300 88 6688 (Local) / +603 7844 3696 (Overseas) or visit the nearest Maybank branch.

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