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Islamic Banking Products 

About Islamic Banking

Islamic Banking Products & Services in Malaysia

About Takaful

In line with Bank Negara Malaysia (BNM) decision to streamline all existing Islamic product names, effective January 8, 2003, all SPI

Shariah Advisors

Banks (Financial Institutions offering Islamic Banking products) are to use standard generic names approved by BNM. The Islamic Banking

Facilities

products shall  be hyphenated with the letter “ i “ at the end of each generic product name. The compliance date for all SPI Banks to use

Jobs

the approved generic name is December 31, 2004.

FAQ's

Nevertheless, SPI Banks are still allowed to continue using the Arabic product name to reflect the product concept together with the

approved generic names. The approved generic names for the relevant Islamic Banking products and services are as follows:-

Deposit

Other Website Links

Products/Services

Shariah Concepts

Online Dailies

Saving account - i

Wadiah / Mudharabah

Periodicals

Current account - i

Wadiah / Mudharabah

Publishing / Media

General investment - i

Mudharabah

News Agencies

Special investment - i

Mudharabah

Financial Institutions

Specific investment - i

Mudharabah

Islamic Financial Institutions ◄

Retail Financing

Islamic Windows ◄

Products/Services

Shariah Concepts

Takaful Institutions ◄

Home/House/Land/Property financing - i

Bai 'Bithaman Ajil

Takaful Windows ◄

Plants & Machinery financing - i

Al-Ijarah Thumman  al-bai'

Other Financial Institutions ◄

Project financing - i

Bai 'Bithaman Ajil

Regulators

Share financing facility - i

Bai 'Bithaman Ajil / Mudharabah / Musyarakah

Central Banks ◄

Shop house financing - i

Bai 'Bithaman Ajil

Regulatory Bodies & Agencies ◄

Cash line facility - i

Bai 'Bithaman Ajil / Murabahah

Associations

Hire purchase - i

Al-Ijarah Thumman  al-bai'

Associations ◄

Leasing - i

Ijarah

Foundations ◄

Computer financing - i

Bai 'al-Inah / Murabahah

Chamber of Commerce ◄

Education financing - i

Bai 'Bithaman Ajil / Bai 'al-Inah

Stock Exchanges

Personal financing - i

Bai' Bithaman Ajil / Bai' al-Inah / Murabahah

Financial / Business Sites

Personal financing - i

Bai' Bithaman Ajil / Bai' al-Inah / Murabahah

Financial Centres ◄

Pawn broking - i

Ar Rahnu

Information Centres ◄

Sundry financing - i

Bai' Bithaman Ajil

Financial Services ◄

Umrah & visitation financing - i

Bai' Bithaman Ajil

Investments

Unit trust financing - i

Bai 'Bithaman Ajil / Mudharabah / Musyarakah

Investment Services ◄

Working capital financing - i

Murabahah

Mutual Funds / Unit Trusts ◄

Card Services

Investment Tools ◄

Products/Services

Shariah Concepts

Education / Training

Charge card - i

Qardul Hasan

Education / Research ◄

Credit card - i

Bai 'al-Inah

Institutes ◄

Trade Finance

Training ◄

Products/Services

Shariah Concepts

Other Sites

Letter of credit - i

Wakalah / Murabahah / Musyarakah

Islamic Sites ◄

Accepted bill - i

Murabahah

Brain Teasers ◄

Bank guarantee - i

Kafalah

Other Sites - General ◄

Export credit refinancing - i

Murabahah

Shipping guarantee - i

Kafalah

Trust receipt - i

Murabahah

Money Market

Products/Services

Shariah Concepts

Bank Negara Negotiable Note - i

Bai 'al-Inah

Commercial papers - i

Murabahah

Government Investment Issue - i

Bai 'al-Inah

Negotiable debt certificate - i

Bai' Bithaman Ajil

Negotiable instrument of deposit - i

Mudharabah / Bap Al-Dayn

Banking Services

Products/Services

Shariah Concepts

Stock broking services

Ujr

TT / Fund Transfer

Ujr

Travellers's cheques

Ujr

Demand draft

Ujr

Cashiers' order

Ujr

Standing instruction

Ujr

ATM services

Ujr

Telebanking

Ujr