HomeEquity-i is a shariah compliant home financing plan based on the Musharakah Mutanaqisah or diminishing partnership concept.**

The Musharakah Mutanaqisah (Diminishing Partnership) Concept**

Maybank Islamic ("the bank") and applicant enter into a joint ‘partnership’ with bank to raise capital for acquiring a property.

Both parties become joint property owners with shares allotment based on amount of capital contributed.

Maybank Islamic releases its shares to applicant who gradually acquires bank’s ownership of the property with monthly payments made over an agreed time period thereby diminishing the bank’s share till property is fully owned by applicant.

Purpose:

• Financing purchase of residential properties, whether completed units or units under construction
• Refinancing/Remortgage/Additional Financing
• Construction of Bungalows
• Conversion from conventional to Islamic financing
• Restructure

Features & Benefits:

• Minimum property value of RM50,000 and a minimum financing (compounding of monthly profits) of RM10,000
• No capitalisation of profit
• Competitive financing rates and margins
• Convenient and easy monthly payments via Maybank2u.com, Kawanku Phone Banking, Standing Instruction, Kawanku ATMs, CDM,CQM or at any of our branches Minimal documentation to submit
• Up to 100% financing with Mortgage Reducing Term Takaful & Homebuilding Takaful*
• Tenure of financing up to 35 years*

Who can apply

• Individuals between 21 and 60 years of age
• Business Enterprises

Charges

For Non-ZEC, the customer pays the legal fees, valuation fees and stamp duties.

Required Documents

For application, please visit any of the Maybank Islamic or Maybank branches with the following:

• Photocopy of NRIC
• Photocopy of title deed, S&P Agreement
• Copy of valuation report (where required)

For Salary Earners

• 3 months salary slip
• Latest EPF statement
• Bank statement to crediting fo salary
• 2 years BE From with tax receipt duly acknowledged by LHDN or e-BE Form acknowledged by LHDN

For Self Employed

• 2 year Form B wth tax receipt acknowledged by LHDN
• Latest 6 months bank statement for personal & company accounts
• Business registration
• Borang D / Form 24 & 49
• Audited financial statement of business

** Also applicable for shop house financing under Shop house Equity-i.

*Terms and conditions apply

• Financing up to 40 years or age 65 whichever is earlier for professionals and students
• 20% stamp duty exemption
• first part financing only