MBSB Bank has reintroduced its Auto Financing-i product, aiming to provide a transparent, accessible, and Shariah-compliant solution for Malaysians looking to finance their vehicles. The financing scheme is now available in the Klang Valley, with plans for a phased nationwide rollout.

Looking for Car Financing That Works with Your Budget?

Launched on 19 June 2025, Auto Financing-i is designed around the everyday mobility needs of Malaysians. It offers competitive rates and a structure that avoids compounding profit charges, making it a responsible alternative for those seeking financial clarity.

Based on the AITAB (Al-Ijarah Thumma Al-Bai) concept, the product ensures full Shariah compliance. One of its key features is flexible repayment, which allows customers to reduce their principal balance at any time — a move that lowers total profit charges over the loan period.

MBSB Wants Malaysians to Stay Mobile, Not Stressed

“The reintroduction of Auto Financing-i is tailored for today’s consumers that value transparency, flexibility, and trustworthiness,” said Usman Ghouse, Group Chief Consumer Banking Officer of MBSB Bank.

“Whether you’re buying your first car or upgrading for your growing family, this offering is about giving Malaysians access to financing that works for them, as they can choose to reduce their principal whenever they want, lowering overall charges,” he added. 

Klang Valley First, Then the Rest of Malaysia

Currently, Auto Financing-i is available to customers in the Klang Valley, with other regions to follow in stages. MBSB Bank says this phased rollout will help ensure a consistent and reliable customer experience across the country.

The relaunch is part of MBSB’s broader strategy to expand its retail banking offerings under its new brand positioning: Be Bold. Bank Smart.

• TAGS:
• Auto Financing-i
• Klang Valley
• MBSB Bank
• Repayment
• Shahriah-Compliant Auto Financing
• Usman Ghouse