Background of Bank Muamalat Malaysia

Bank Muamalat Malaysia Berhad started its operations on 1 October

1999 with a combined assets and liabilities brought over from the Islamic
banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of
Commerce (M) Berhad and BBMB Kewangan.
Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank
to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to
play its role in providing Islamic banking products and services to
Malaysians, without regard to race or religious beliefs thus contributing to the
development of modern Malaysia. Islamic Banking provides products and
services similar to those provided by the conventional banks but subject to
rules and regulations governed by Islamic Banking Act, Islamic Banking can
offer commercial banking, finance company and merchant banking
businesses under one roof. Driven by a competitive streak, BMMB is highly
focused on delivering innovative services to customers by investing in new
network equipments and adopting the latest IT strategies. Its HQ located at
the center of Malaysia, Kuala Lumpur, has become the important technology
proven ground of H3C solution where its newly installed network
infrastructure is demonstrating a reliable non-stop, high-tech and innovative
network system. DRB Hicom holds 70% shares in the Bank while Khazanah
Nasional Berhad holds the remaining shares.
Bank Muamalat Malaysia Berhad provides Islamic banking and related
financial services in Malaysia. It operates through three segments: Business
Banking, Consumer Banking, and Treasury and Investment Banking. The
Business Banking segment provides various products and services, including
long-term financing, such as project financing; short-term credit comprising
Muamalat cash line and trade financing; and fee based services that include
cash management services to business customers in large corporate, public
sector, and commercial enterprises. The Consumer Banking segment offers
savings accounts, current accounts, general investment accounts, remittance
services, Internet banking services, and cash management services; and
consumer financing products, such as mortgage financing, personal
financing, hire purchases financing, micro financing, wealth management,
and bancatakaful products to individual customers. The Treasury and
Investment Banking segment offers treasury services, including foreign
exchange, money market, and derivatives, as well as engaged in trading

capital market securities. This segment also provides investment banking

services comprising corporate advisory services, bond issuances, IPOs, and
debt restructuring advisory services to corporate customers and financial
institutions. The company is headquartered in Kuala Lumpur, Malaysia.
Location of headquarters Menara Bumiputra 21 Jalan Melaka Kuala Lumpur, 50100
Malaysia Phone: 60 3 2698 8787 and www.muamalat.com.my

Definition of Vehicle financing is the fastest and easiest way to buy a

new car. This way allows us to buy our new car by paying only a small down
payment up front and the rest in monthly installments. Therefore, instead of
a one-time immense expense which is hard to attain, the vehicle payments
becomes an integral part of our monthly expenses.
Definition of in House Financing is a type of seller financing in which a
firm extends customers a loan, allowing them to purchase its goods or
services. In-house financing eliminates the firm's reliance on the financial
sector for providing the customer with funds to complete a transaction.
Bank Muamalat's flexible and complete Islamic hire purchase facility
for motor vehicles takes care of everything, including comprehensive Takaful
coverage. It is also very convenient to apply, with 57 branches and service
centers nationwide. We can easily perform on-line payment as these facilities
are available at all branches.
Bank Muamalat also
approval time. Applications
be made within 5 days
documents submitted fulfill

maintains a fast and friendly service with short

will be processed immediately and a decision will
or less, provided all criteria and supporting
the terms & conditions imposed.

Available graduate scheme - Muamalat Vehicle Financing-i GradPack.

Graduates must have a minimum income of RM1,500 per month and apply
within 3 years from the date of graduation. Minimum financing amount is
RM20,000 with a tenure from 4 years to 9 years. An advance payment of 1-2
month's premium is needed.