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Base Rates, Base Financing Rates and Indicative Effective Lending Rates

As at 6 August 2020 by Bank Negara Malaysia

No. Islamic Financial Institution Base Rate (%) Base Financing Rate (%) Indicative Effective Lending Rate (%)
1 Affin Islamic Bank Berhad 2.70 5.56 3.30
2 Al Rajhi Banking & Investment Corporation (Malaysia) Berhad 2.85 5.75 4.20
3 Alliance Islamic Bank Berhad 2.57 5.42 3.11
4 AmBank Islamic Berhad 2.60 5.45 3.25
5 Bank Islam Malaysia Berhad 2.52 5.47 3.25
6 Bank Muamalat Malaysia Berhad 2.56 5.56 3.56
7 CIMB Islamic Bank Berhad 2.75 5.60 3.50
8 Hong Leong Islamic Bank Berhad 2.63 5.64 3.35
9 HSBC Amanah Malaysia Berhad 2.39 5.49 3.50
10 Kuwait Finance House (Malaysia) Berhad 2.25 6.14 3.30
11 Maybank Islamic Berhad 1.75 5.40 3.25
12 MBSB Bank Berhad 2.65 5.50 3.20
13 OCBC Al-Amin Bank Berhad 2.58 5.52 3.45
14 Public Islamic Bank Berhad 2.27 5.47 3.10
15 RHB Islamic Bank Berhad 2.50 5.45 3.50
16 Standard Chartered Saadiq Berhad 2.27 5.45 3.50

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Frequently Asked Questions

SharLife is a shariah-compliant financial comparison website. Our mission is to assist people by providing all the information they need on shariah-compliant products and services by Islamic Banks and Operators, i.e. Home Financing, Vehicle Financing, Personal Financing, Credit Card Financing, and Takaful. See our About Us page for more information.

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We provide information about Home Financing, Vehicle Financing, Personal Financing, and Credit Card Financing from various Islamic Banks that you can choose from. In addition to that, we also provide information about Takaful from various Takaful providers.

If you have any further questions, thoughts or feedback, feel free to send us a message. You can also contact us via email at admin@sharlife.my

A credit score is a number that illustrates your creditworthiness. The higher the score, the better a borrower looks to you as a potential lender. It will also be the indicator to determine your financing approvals, as well as the profit rates to be charged.

We do our best to help you find the best financial offer. However, as the applications are made directly to the specific lender, know that we are unaware of the status of your pending application. The best way to discover your application status is to reach out to the lender directly.