Al-Bai' Bithaman Ajil - Fixed Asset Financing

In Islam, all business transactions and financing are based on Syariah Principles. Financing for purchase of fixed assets can therefore be applied under the Al-Bai` Bithaman Ajil principle.

• Al-Bai` Bithaman Ajil or deferred Payment Sales is a Sales and Purchase Agreement of an asset e.g. houses, shophouses, factories and other fixed assets.
• Under this principle, Affin Bank Berhad will purchase the asset required by the customer at cost price and then sell it back to the customer at selling price plus profit margin.
• Our deferred payment term selling price must be agreed by both parties and will be fixed throughout the duration of the asset financing. Customer is allowed to settle the selling price on installment basis within the duration agreed upon.
• The installment is calculated based on the selling price and financing period.
• The property purchased is to be charged to the bank and will be discharged upon full settlement of the asset financing

Among others the Al-Bai` Bithaman Ajil Financing packages are used to purchase house/shoplots, refinance housing loan, purchase land for the construction of a house, construct house on customers' own land and refinance fixed asset.

Individuals both Muslim and non-Muslim aged 18 and above are entitled to apply for this service.

For more information, visit our nearest CRC.