Bank Islam Balance Transfer Program: Low Profit Rates From 3.88%
Need to lighten your credit card burden? With Bank Islam Balance Transfer Program, you can transfer your outstanding credit card balance from other banks starting from just RM500, all while enjoying low fixed profit rates and Shariah-compliant terms.
Here’s how it works:
Bank Islam offers fixed profit rates based on your selected tenure. The profit is not calculated monthly—instead, it’s fixed upfront and split across the repayment period. This gives you full transparency with no compounding charges or hidden fees.
Profit Rates Table:
| Tenure (Months) | Profit Rate (per annum) | Minimum Transfer Amount |
| 3 or 6 | 3.88% p.a. | RM500 |
| 9 or 12 | 4.88% p.a. | RM1,000 |
| 24 or 36 | 5.88% p.a. | RM3,000 |
How much do I need to pay each month?
You’ll pay a fixed monthly instalment throughout your selected tenure. The total profit charge is pre-determined and evenly spread out, so you know exactly how much you’re repaying each month.
What if I miss a payment?
If you miss a payment, a Ta’widh (compensation charge) of 1% of the overdue amount will apply, capped at RM50. This ensures you're protected from excessive late charges.
Are there extra charges for unpaid balances?
No additional hidden charges but remember, the full profit amount still applies even if you miss payments or settle early. So it’s best to follow the schedule to enjoy the full benefit.
Can I pay off early?
Absolutely! You can settle your balance transfer in full before the end of the tenure with no early settlement penalty and no processing fees, giving you the flexibility to clear your debt anytime.
