Islamic Products

Skim Rumah Pertamaku-π™ž

Skim Rumah Pertamaku-i

Skim Rumah Pertamaku-π™ž (SRP-π™ž )

  • Skim Rumah Pertamaku-π˜ͺ is a scheme that allows homebuyers to obtain up to 110% financing from the participating Islamic financial institutions (IFIs), enabling them to own a home without having the need to pay a 10% down payment.
  • This scheme is a home ownership initiative that was first announced in the 2011 Budget by the Government of Malaysia to assist first time homebuyers earning a gross monthly household income of up to RM10,000 (subject to RM5,000 per applicant) to purchase their first home.
  • Under this scheme, Cagamas SRP Berhad (CSRP), a wholly owned subsidiary of Cagamas Holdings Berhad will guarantee from 10% -20% as β€˜first loss’ protection on an Islamic mortgage portfolio while the Islamic mortgage assets remain on the IFI’s books.
  • This scheme is formulated under Shariah principle of Kafalah, Wakalah and Hiwalah.


SRP-i

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Details on the Scheme can be found at its website: http://www.srp.com.my/

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