Al Rajhi Structured Home Financing-i

A straightforward variable rate term mortgage complied to Shariah, with flexible repayment tenures and no processing fee.

Al Rajhi Structured Home Financing-i
Up to 35 years
Profit Rate
from 4.7% p.a.
Financing type
Term islamic financing
Profit Type
Fixed profit rate
Margin of finance
up to 90%
Approval in
30 days

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
more than RM50,0004.7% p.a.
*Effective profit rate will be determined by Al Rajhi Bank upon approval.


Minimum Annual Income
Minimum Age
  • 21 to 65 years old
Who can apply
  • Malaysians

Fees & Charges

Late Penalty Fee
Any recovery cost including solicitor fees
Processing Fee
Early Settlement Fee
Subject to terms of agreement if settled within first 5 years
Redemption Letter Fee
RM10 per request
Letter for EPF Withdrawal Fee
RM10 per request
Insurance Types
  • MRTT
  • House Owner Takaful

More Information

What is Al Rajhi Structured Home Financing-i?

Structured Home Financing-i from Al Rajhi is a Shariah compliant home loan that uses the Islamic concept of Commodity Murabahah, sometimes known as the concept of deferred payment sale based on a marked up price. 

The Islamic bank can offer up to 90% margin of financing for the purchase of your house. If you choose to include MRTT into your loan, an additional 5% will be added to your finance.

What is so unique about this Islamic mortgage?

The bank’s profit rate is capped at 10%, protecting you from volatility in the Islamic Base Rate (IBR). Also, there is no processing fee and no lock-in period, where you will be granted with Ibra" for redeeming the loan ahead of maturity.

Also, Al Rajhi home financing offers among the best refinance rates in the market for home owners who is looking to refinance home loan. Maybe few years down the road you might want to allocate some extra cash for your children's education or invest in new properties.

Can I pay extra cash onto my mortgage and reduce my principal?

Unfortunately, you cannot.

Can a foreigner apply?

Yes you can, but the terms and conditions may differ from those enjoyed by Malaysians.

What kind of documents do I need for this home loan application?

Compulsory documents

  • Copy of Sales and Purchase Agreement
  • Last 6-12 months statement (for refinancing)
  • Valuation report (valuers must be approved by the bank)

Salaried employee:

  • Copy of NRIC (front and back)
  • Latest 3 months salary slip or Letter of Employment
  • Latest 3 months bank statement
  • Sales and purchase agreement or booking receipt


  • Copy of NRIC (front and back)
  • Latest 6 months bank statement
  • Form 9, 24 & 49
  • Business Registration form
  • Copy of income tax and proof of tax payment
  • Sales and purchase agreement or booking receipt
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