Bank Islam Personal Financing-i for Professional Program
Islamic financing for professionals with tenures of up to 10 years.
Calculate your monthly repayment
Fees and Charges
Eligibility
- Contract and Permanent Staff
- Medical Practitioners
- Accountant
- Lecturer
- Engineer
- Architect
- Safety Officer
- Veterinary
- Quantity Surveyor
- Actuary
- A copy of your IC (both sides)
- Latest 3 months salary slips
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- Letter of employment or employer confirmation
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 10,000 - RM 400,000 | 12 - 120 months | min. RM 24,000 | 6.00% p.a. - 16.00% p.a. |
Terms and Conditions
Product Review by CompareHero
What is Bank Islam Personal Financing-i for Professional Program?
Bank Islam Personal Financing-i For Professional Program is an unsecured Islamic personal financing option for fixed-income earners and selected professionals in Malaysia, including doctors, engineers, and accountants.
Who is eligible for Bank Islam Personal Financing-i for Professional Program?
Bank Islam Personal Financing-i For Professional Program is open to all fixed-income earners, including medical practitioners and selected professionals.
To qualify, applicants need to:
- Be a Malaysian citizen
- Be between 25 and 60 years old, and not older than the retirement age or the end of the financing tenure
- Earn a minimum monthly income of RM2,000
- Earn a minimum monthly income of RM15,000 if applying for financing above RM300,000
What's the borrowing limit and rate for Bank Islam Personal Financing-i for Professional Program?
The rate depends on the type of package, whether Takaful coverage is included, and whether instalments are paid via salary transfer or standing instruction.
Via salary transfer:
| Type of Coverage | Tenure | Floating Rate |
| With Takaful | 1 - 2 years | SBR + 2.75% = 5.50% |
| 3 - 10 years | SBR + 3.25% = 6.00% | |
| Without Takaful | 1 - 2 years | SBR + 13.25% = 16.00% |
| 3 - 10 years | SBR + 13.25% = 16.00% |
Via standing instruction:
| Type of Coverage | Tenure | Floating Rate |
| With Takaful | 1 - 2 years | SBR + 3.25% = 6.00% |
| 3 - 10 years | SBR + 7.25% = 10.00% | |
| Without Takaful | 1 - 2 years | SBR + 13.25% = 16.00% |
| 3 - 10 years | SBR + 13.25% = 16.00% |
*Bank Islam's Standardised Base Rate (SBR) is currently 2.75% a year, effective 10 July 2025.
What fees apply to Bank Islam Personal Financing-i for Professional Program?
There's no processing fee for Bank Islam Personal Financing-i For Professional Program, apart from a Wakalah (Agency) Fee of RM50.
Government Stamp Duty also applies, at 0.50% of the total amount borrowed.
How does repayment work for Bank Islam Personal Financing-i for Professional Program?
Repayment starts the month after the money is credited into the applicant's chosen bank account. A late payment adds a 1% penalty fee.
Financing can be settled early, any time before the maturity date, with an Ibra' (rebate) equal to the remaining profit at the time of settlement.
Monthly instalments are paid either by Salary Transfer or Standing Instruction.
What documents does the Bank Islam Personal Financing-i for Professional Program application need?
Applicants need to prepare a few supporting documents before submitting their application:
- Copy of IC (front and back)
- Latest 3 months' salary slips
- Latest 3 months' bank statements showing salary crediting
- Copy of confirmation letter from employer
- Latest EPF statement
Each profession also needs additional proof of credentials:
- Doctor: Certificate of registration with MMC/MMA, or for locums, an additional letter/payment voucher from the relevant clinic or hospital
- Dentist: Certificate of registration with MDC
- Accountant: Degree in accounting, plus a professional certificate from MICPA, ACCA, CIMA, or CFA
- Engineer: Degree in Engineering, plus a professional certificate from BEM (e.g. IR)
- Lecturer: Minimum Degree, Master's, or PhD, and staff status at one of the 20 listed IPTA or 20 listed IPTS recognised by Bank Islam
- Architect: Degree in Architecture, plus registered membership with LAM, PAM, or ILAM
- Safety officer: OSH officer credential certificate issued by the Chief Director of the Department of Occupational Safety and Health (DOSH)
- Pharmacist: Degree in Pharmacy, plus registered membership with the Pharmacy Board of Malaysia, an Annual Practicing Certificate (APC) from PBM, or a credential certificate from PBM
- Veterinary: Degree in Veterinary Science or a related field, plus registered membership with the Malaysian Veterinary Council (MVC) or an Annual Practicing Certificate (APC) from MVC
- Optometrist and optician: Degree in Optometry (optometrist) or at least a Diploma in a relevant field (optician), plus registered membership with the Malaysian Optical Council (MOC), an Annual Practicing Certificate (APC) from MOC, or an Optical Lenses Permit (for opticians)
- Quantity surveyor: Degree in Quantity Surveying or a related course, plus registered membership with the Board of Quantity Surveyors Malaysia (BQSM) or a Certificate of Registration – Form D
- Actuary: Degree in Actuarial Science or a related course, plus registered membership with the Actuarial Society of Malaysia, or a certificate from the Society of Actuaries (US), Casualty Actuarial Society (US), Institute and Faculty of Actuaries (UK), or Actuaries Institute (Australia)