About Term Financing-i Secured by ASB/ASB2 Certificate

 

• Term Financing-i is a financing facility where the profit is calculated on variable rate. You are offering your Amanah Saham Bumiputera (“ASB”) certificate or Amanah Saham Bumiputera 2 (“ASB2”) certificate as a security for this financing.
• This product utilises Shariah-compliant commodity in its transactions to provide financing to you.
• Highlights of this product: - This product is calculated based on Standardised Base Rate + spread per annum.

 

Note: The monthly instalment may be varied due to the fluctuation of Standardised Base Rate.

• The Shariah concept applicable are Tawarruq with Shariah concept of Murabahah, Wakalah and Wa`d are also applied.
• Tawarruq means an arrangement that involves two sale and purchase contracts. The first involves the sale of the commodity by the Bank to the customer on deferred payment at cost plus profit basis whereby the purchase price and the sale price are disclosed to the customer. Subsequently, the customer will sell the same commodity to a third party on cash and spot basis.
• Murabahah refers to a sale and purchase of a commodity where the acquisition cost and the mark-up are disclosed to the customer.
• Wakalah refers to a contract in which a party as principal (muwakkil) authorises another party as agent (wakil) to perform a particular task in matters that may be delegated, with or without the imposition of fee. In this product, you appoint the Bank as an unrestricted agent to perform the Tawarruq arrangement.
• Wa`d is a unilateral promise which refers to an expression of commitment given by one party to another to perform certain actions in the future.

• The Tawarruq arrangement shall be arranged as the following:
i. You appoint the Bank as your agent to purchase Shariah-compliant commodity such as Crude Palm Oil (CPO), etc., from the Bank and to sell the commodity to any third party.
ii. The Bank sells the agreed commodity to you at the Bank’s Selling Price on instalment. iii. As the purchaser of the commodity, you shall have the right to take delivery of the commodity at your own cost and expenses.
iv. The Bank sells your commodity on your behalf to any third party for a price equal to the Facility Amount.
v. The proceeds of the sale shall be disbursed to you as per the agreed terms and conditions.

Features

 

Financing Amount

Minimum:  RM10,000
Maximum: RM200,000

Financing Tenure:

Minimum : 5 years
Maximum: 40 years or age 70

Financing Margin

Up to 100% + 5% of RTT financing

Profit Rate

As low as Standardised Base Rate + 1.50% per annum

Eligibility

 

Malaysian Bumiputera individual​

 

18 to 65 (at the point of application)

 

Required Documents

 

Application Form

 

Photocopy of NRIC

 

ASB/ASB2 mini statement​

 

Photocopy of 3 months latest payslip/bank statement (for salaried income) or 6 months income statements (for non-salaried income)

 

Learn More

Live Vibrantly, Bank Seamlessly.

Please complete the fields below and we will contact you soon.
Please select your preferred salutation
Select an option
  • Mr
  • Mrs
  • Ms
  • Madam
Full Name
IC No/Passport No/Military ID/Police ID
Contact No (eg. 0123456789)
Email (e.g. abc@email.com)
Existing Customer?
Yes
No
Please select your preferred Product
Select an option
  • Term Financing-i Secured By ASB/ASB2 Certificate
  • Term Loan Secured By ASB/ASB2 Certificate
  • Personal Financing-i
Please select your preferred Branch
Select an option
  • ALOR SETAR
  • AMCORP MALL
  • AMPANG POINT
  • AYER ITAM - JALAN PAYA TERUBONG
  • AYER KEROH
  • AYER TAWAR
  • BAGAN AJAM
  • BAGAN SERAI
  • BAHAU
  • BALAKONG
  • BALIK PULAU
  • BANDAR BARU BANGI
  • BANDAR BARU RAWANG
  • BANDAR MAHKOTA CHERAS
  • BANDAR MANJALARA
  • BANDAR PASARAYA
  • BANDAR PUTERI PUCHONG
  • BANDAR SRI PERMAISURI
  • BANDAR SUNWAY
  • BANDAR UTAMA CHENG
  • BANGSAR BARU
  • BANTING
  • BATU GAJAH
  • BATU PAHAT
  • BAU
  • BAYAN BARU
  • BENTONG
  • BERCHAM
  • BERJAYA TIMES SQUARE
  • BESTARI JAYA
  • BINTULU
  • BLOOMSVALE
  • BUKIT MERTAJAM
  • DAMANSARA UTAMA
  • DESA SRI HARTAMAS
  • GELUGOR
  • IPOH GREENTOWN
  • JALAN IPOH BATU 3 (RIVERCITY)
  • JALAN KLANG LAMA
  • JALAN RAJA CHULAN
  • JALAN YAP KWAN SENG
  • JASIN
  • JELUTONG
  • JERANTUT
  • JITRA
  • JOHOR BAHRU - BUKIT INDAH
  • JOHOR BAHRU - MELODIES GARDEN
  • JOHOR BAHRU - METROPOLIS TOWER
  • JOHOR BAHRU - SETIA TROPIKA
  • JOHOR JAYA
  • KAJANG
  • KAMPAR
  • KANGAR
  • KELANA JAYA
  • KEMAMAN
  • KENINGAU
  • KEPONG BARU
  • KLANG - BANDAR BUKIT TINGGI
  • KLANG - BANDAR PUTERI
  • KLANG - PERSIARAAN SULTAN IBRAHIM
  • KLUANG
  • KOTA BHARU
  • KOTA BHARU – TUNJONG
  • KOTA DAMANSARA
  • KOTA KEMUNING
  • KOTA KINABALU - JALAN SAGUNTING
  • KOTA KINABALU - METRO TOWN
  • KOTA KINABALU - PLAZA SHELL
  • KOTA TINGGI
  • KUALA KANGSAR
  • KUALA SEPETANG
  • KUALA TERENGGANU
  • KUANTAN - JALAN BESERAH
  • KUANTAN - JALAN HAJI ABD AZIZ
  • KUCHING - JALAN ABELL
  • KUCHING - JALAN HAJI TAHA (SATOK)
  • KUCHING - JALAN PENRISSEN
  • KUCHING - PREMIER 101
  • KUCHING - TABUAN JAYA
  • KUDAT
  • KULAI
  • KULIM
  • LABUAN
  • LAGENDA HEIGHTS
  • LAHAD DATU
  • LANGKAP
  • LANGKAWI
  • MANTIN
  • MEDAN PASAR
  • MELAKA - JALAN MUNSHI ABDULLAH
  • MELAKA RAYA
  • MENGLEMBU
  • MENTAKAB
  • MIRI - BEAUTIFUL JADE CENTRE
  • MIRI - BOULEVARD COMMERCIAL CENTRE
  • MUAR
  • NILAI
  • NU SENTRAL
  • OUG
  • PANGKOR
  • PARIT BUNTAR
  • PASIR GUDANG
  • PASIR MAS
  • PENANG - LEBOH PANTAI
  • PENANG - LIANG COURT
  • PERMAS JAYA
  • PETALING JAYA - NEW TOWN
  • PETALING JAYA - SS2
  • PONTIAN
  • PORT DICKSON
  • PORT KLANG - WISMA PALMBASE
  • PUCHONG - TAMAN KINRARA
  • PUDU - JALAN PASAR
  • PUTRAJAYA
  • RASAH JAYA
  • RAWANG COUNTRY HOMES
  • RAZAK CITY
  • SANDAKAN
  • SARIKEI
  • SEBERANG JAYA
  • SEGAMAT
  • SELAYANG
  • SEMENYIH
  • SEPANG
  • SEREMBAN - JALAN DATO LEE FONG YEE
  • SEREMBAN - JALAN PASAR
  • SERI KEMBANGAN
  • SERIAN
  • SETAPAK
  • SETIA ALAM
  • SHAH ALAM - SEC 15
  • SIBU - JALAN PEDADA
  • SIBU - TANAHMAS
  • SIBU JAYA
  • SIBU TUNKU OSMAN
  • SILIBIN
  • SITIAWAN
  • SKUDAI
  • SOLARIS MONT KIARA
  • SRI PETALING
  • SUBANG JAYA
  • SUBANG NEW VILLAGE
  • SUNGAI BAKAP
  • SUNGAI BESAR
  • SUNGAI BULOH
  • SUNGAI DUA
  • SUNGAI PETANI
  • SUNGAI RENGIT
  • SUNGAI SIPUT
  • TAIPING
  • TAMAN CONNAUGHT
  • TAMAN MALURI
  • TAMAN TUN DR ISMAIL
  • TAMPIN
  • TAMPOI
  • TANAH RATA
  • TANGKAK
  • TANJUNG BUNGAH
  • TANJUNG MALIM
  • TAWAU
  • TELUK INTAN
  • TRIANG
  • UIA - GOMBAK
  • ULU TIRAM
  • USJ
  • USJ SENTRAL
  • WANGSA MAJU
  • YONG PENG

While waiting for us to contact you, please prepare:

  • Photocopy of NRIC
  • Photocopy of 3 months latest payslip/bank statement (for salaried income) or 6 months income statements (for non-salaried income)
  • ASB/ASB2 mini statement
By submitting, I agree to the Terms & Conditions of this ext​ension.
I, hereby give my consent for AmBank Group to process my personal data for the intended usage as stated under the Privacy Notice which is made available at AmBank/AmBank Islamic branches and websites
Loading...