Islamic Products

Islamic Hire Purchase/Islamic Leasing

Islamic Hire Purchase/Islamic Leasing

What is it?

Purchase of eligible portfolio of Islamic hire purchase/Islamic leasing (“IHP/IL”) granted for the purchase of commercial vehicles, equipment, machinery, or appliances.

 

Eligibility Criteria

  • related to hire purchase/leasing of vehicle, machinery, equipment based on approved Shariah principles.  
  • fully disbursed and amortised;
  • not more than 1 month in arrears at the time of purchase;
  • have a remaining life which expires on or after the Review Date;
  • have a book balance less unearned profit, if any, not exceeding RM2 million per financing; and
  • comply with other criteria as per Cagamas' requirements

Business Enquiry

If you would like to know more about our guaranteed products, fill up the form below:

The information I/we provide is subject to the Privacy Statement issued by Cagamas Berhad. I/We hereby acknowledge that I/we have accessed the Privacy Statement and confirm that I/we have read, understood and agree to the terms contained in the Privacy Statement.