Monee Capital Malaysia Sdn. Bhd. announced on 14 May 2026 that SFinancing-i is now open to all eligible customers, having previously been available on a limited basis since December 2024.

The facility offers up to RM20,000 in financing with repayment tenures of up to 24 months. Approved customers can withdraw funds directly to a bank account or ShopeePay wallet, and no income documents or activation fees are required.

How The Financing Works

SFinancing-i is structured under the Shariah principle of Commodity Murabahah, also known as Tawarruq. Under this arrangement, the financier purchases a commodity on the customer’s behalf and resells it at a marked-up price, payable in instalments. The profit rate replaces what would otherwise be called interest, making the product permissible under Islamic financing principles.

Monee Capital Malaysia developed the product in collaboration with Sedania As Salam Capital, and it has been certified by Masryef Advisory.

The Launch Promotion

As a launch offer, customers who activate SFinancing-i and submit their first financing request can access a promotional profit rate of 1% per month for tenures of up to 24 months. Terms and conditions apply, and the rate is available to selected eligible customers only.

To put that in context, a 1% monthly flat profit rate works out to 12% per annum, but flat rates understate the true cost of borrowing. The equivalent effective rate, which reflects what you’re paying relative to your outstanding balance, would be closer to 21–22% p.a. for a typical three-year tenure. Bank Negara Malaysia is phasing out flat-rate personal financing from 1 January 2027, after which all new products will be quoted on a reducing-balance basis. Either way, comparing the effective rate, not the headline figure, is a true comparison with other personal financing options.

The Higher-Limit Option

For customers who need more than RM20,000, Monee also offers SFinancing-i Xtra, a term financing facility with a limit of up to RM50,000 and profit rates from 0.75% per month. SFinancing-i Xtra is currently available on a limited access basis for selected customers only.

Getting Started On The Shopee App

Eligible customers can activate SFinancing-i through the “Me” tab on the Shopee app. The service is open to citizens and permanent residents aged 18 and above.

The full terms and conditions are available on the Shopee Help Centre. 

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Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

About THE AUTHOR

Iman Aminuddin

Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

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