You can now apply for ASB financing through CIMB Islamic Bank directly in TNG eWallet. The fully digital feature is open to Bumiputera account holders and removes the need for branch visits or manual paperwork. It is the first Islamic financing product available on the platform.  

You’ll be able to invest in Amanah Saham Bumiputera (ASB) through structured monthly repayments instead of putting up a large lump sum. The borrowed amount is invested in ASB units on your behalf, and those units earn annual dividends while you repay in monthly instalments. 

Up To RM200,000 Available

You can borrow between RM10,000 and RM200,000, with tenures ranging from 5 to 40 years. The application, status tracking, and investment monitoring all happen within TNG eWallet.

CIMB Islamic Bank provides the funds and channels them directly into your ASB investment. You repay in fixed monthly instalments over your chosen tenure, and your ASB units continue to earn dividends throughout. 

The Trade-Off For ASB Investors

Before this, applying for ASB financing typically meant visiting a bank branch, submitting physical documents, and managing your investment separately from your repayments. TNG eWallet has had ASNB integration since 2023, and if you already use it to view and manage your portfolio, the new feature brings the application into that same experience.

If you want to invest in ASB but do not have RM10,000 or more sitting in your savings, you can start with monthly repayments instead. Your ASB units earn dividends as soon as the funds are disbursed, and if the dividend rate exceeds your profit rate, you come out ahead.

That said, you are borrowing money to invest, which means you are responsible for monthly repayments regardless of how ASB performs in any given year. Dividend rates are not guaranteed and have varied historically, so the difference in returns and profit charges can shift from year to year. If you miss repayments, it affects your credit record and your repayment terms, the same as any other debt.

For younger or first-time investors who find it hard to save a large sum before investing, borrowing offers a way to start earlier. The trade-off is that you take on debt to do so, and profit charges add up over a long tenure.

CIMB Islamic Bank currently charges an Effective Profit Rate (EPR) of 4.4% p.a., and over a long tenure, that cost grows. For example, if you borrow RM50,000 over 20 years at 4.4% p.a., you would pay approximately RM25,000 in profit charges alone. Your final eligible rate is determined upon application.

ASB Financing sits within GOfinance, TNG eWallet’s financial services hub, alongside existing investment and protection products. You can learn more about ASNB investment products on TNG eWallet on the official website. 

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