KFH Ijarah Muntahia Bi Al-Tamlik Asset Acquisition Financing-i

    KFH Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i is a financing facility that provides you financing for under construction residential and commercial properties. The scheme works on the Shariah concept of Ijarah Mawsufah Fi Al-Zimmah and offers you a high margin of financing with a range of repayment tenures to choose from.

    Margin of Financing Up to 90% of the property’s open market value (OMV)
    Available Repayment Tenures For residential properties: Up to 35 years
    For commercial properties: Up to 15 years
    Types of Properties Covered Under construction residential and commercial properties
    Profit Rate (*B.R. + 1.05)% p.a. to (B.R. + 1.39)% p.a.

    *B.R. = Base rate that currently stands at 3.65% p.a.

    Features and Benefits

    • Get a maximum of 90% of financing for under-construction residential as well as commercial properties.
    • Obtain financing of RM500,000 and more with this financing package.
    • Obtain financing for properties at a range of competitive floating profit rates.
    • Get a financing of 5% in the form of MRTT (Mortgage Reducing Term Takaful) additionally with the financing you receive with this scheme.

    Fees and Charges

    Stamp Duty Will be charged as per the Stamp Duty Act 1949.
    Processing Fee For residential properties: RM200.
    For commercial properties: RM500.
    Late Payment Charges (during the tenure) 1% of the outstanding instalment amount charged on a daily basis.
    Late Payment Charges (after the term’s maturity) Will be charged according to methods of Association of Islamic Banking Institutions in Malaysia (AIBIM).


    Who Can Apply Individual applicants and joint applicants
    Non-individuals like limited companies, partnerships, and sole proprietorships.
    Age Requirement 18 years old or older at the application date.

    Documents Required

    Applicant Type Documents Required
    Salaried applicants
    • 1 photocopy of your identity card.
    • Recent EPF statement and EA form.
    • Last month’s salary slip.
    • Bank statement from the salary crediting account.
    Self-employed applicants
    • 1 photocopy of your identity card.
    • Certificate of business registration.
    • Latest B or BE form.
    • Personal bank statement.
    • Business bank statement.
    Variable income earners
    • 1 photocopy of your identity card.
    • Commission statement/payment.
    • Recent BE form.
    • Personal bank statement.
    • Annual commission statement/payment.

    How to Apply

    Offline Application
    • Visit the nearest branch of Kuwait Finance House.
    • Choose your financing scheme.
    • Fill up the relevant application form with all the required personal and financial details.
    • Submit the form with attached documents required for the process.
    Online Application
    • Visit Kuwait Finance House’s official website.
    • Click on ‘Online Application Forms’.
    • Click on the ‘Home/Property Financing’ form.
    • Fill up the application form with all the required details like personal details, details of the property, and financial details.
    • Submit the form after attaching the supporting documents.

    KFH Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i assists you to get the financing for under-construction residential and commercial properties. This scheme comes with a high financing margin and a flexible range of repayment tenures that range up to 35 years for residential and 15 years for the commercial property financing.


    Q. What is the margin of financing I can get for commercial properties with this scheme?

    A. You can get a maximum of 80% financing margin with this scheme for under-construction commercial properties.

    Q. What are the factors that affect the amount of monthly instalment I need to pay with this financing facility?

    A. The monthly instalment depends upon the financing package you have chosen, the financing amount, tenure opted for, and a few other factors. You can calculate the monthly repayment instalment by following the steps given below:

    • Visit the official website of Kuwait Finance House.
    • Click on ‘Home & Property Financing Calculator’.
    • Enter details like the financing amount you need, tenure you have opted for, and package’s name.
    • Get an estimate of the instalment amount you need to pay on a monthly basis.

    Q. What is the maximum allowed entry age for application of this facility?

    A. Although there is no maximum limit for the entry age with this facility, the maximum allowed age at the time of maturity is 70 years for residential property financing and 60 years for the financing for commercial properties.

    Q. Is there any other fee or charge I need to bear with KFH Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i package?

    A. The following are the fees and charges you need to bear with this package on the basis of the property type, financing amount applied for, and the tenure you have chosen:

    • Disbursement fee
    • Legal fee

    Q. Is it mandatory to take the MRTT coverage with KFH Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i package?

    A. Although it is not mandatory to opt for the MRTT coverage with the scheme, it is highly recommended to take this protection scheme in order to stay secured against any unfortunate event during the facility’s tenure.

    Q. Does the institution allow me to settle the outstanding amount of the scheme before the agreed upon tenure ends?

    A. Yes, you can opt to settle the outstanding amount of this scheme before the tenure ends. All you have to do is to inform the institution 30 days before in the form of a written notice. Early settling of your outstanding financing amount can help you get a rebate (Ibra’) that will be calculated on basis of the portion of tenure unused.

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