ifund

Shariah Compliant Personal Financing (i-FUND)

Why choose JCL i-FUND Personal Financing?

  1. Shariah Compliant Financing
    • Shariah financing based on the concept of Tawarruq.
  2. Fast approval
    • Approval within 3 working days.
  3. Convenience
    • Everything is at your fingertips. It can be done from anywhere, anytime by using online platform. No more walk-in to our premises.
  4. Social Distancing
    • Avoid human interaction during Covid-19 pandemic.
  5. No early-settlement fee
    • Documentation
      • Minimal documentation requirement.

    Eligibility

    1. Malaysian citizens only.
    2. 18 to 60 years old.
    3. A minimum gross income of RM 1,000.00 is required.
    4. The minimum financing is RM 1,000.00 while the maximum is RM 50,000.00.

    Documents Needed

    Salaried employee

    1. A copy of identity card (IC).
    2. Latest 3 months of salary slips.
    3. Latest 3 months of bank statements.
    4. Latest utility bill (water or electricity).

    Self-employed

    1. A copy of identity card (IC).
    2. Latest SSM.
    3. Latest 6 months of company’s bank statements.
    4. Latest 3 months of personal bank statements.
    5. Latest utility bill (water or electricity).

    Fees & Charges

    1. Processing Fee: RM 50.00
    2. Stamp Duty: As per the Stamp Act 1949 (Revised 1989)
    3. Wakalah Fee: RM 25.00
    4. Takaful fee: RM 24.30 – RM 509.20 (“subject to Takaful Provider discretion on pricing and approval”)

    Profit Margin

    Profit margin: 18% – 20% per annum. (Subject to JCL approval)

    Documents