CBP Personal Financing-i: Al Yasser vs Lestari Compared for Malaysian Civil Servants

Co-opbank Pertama (CBP) offers two Shariah-compliant personal financing products for Malaysian civil servants, Al Yasser and Lestari. Both use the Tawarruq contract, both allow ANGKASA salary deduction repayment, and both apply ibra’ on early settlement. The key differences are in financing ceiling, target audience (Lestari has a private sector variant), and approval profile. Getting the match right before applying matters more than comparing headline rates.

Before applying, run a free iMoney Pre-Screening check to compare CBP with BSN, MBSB, OSK Syariah Capital, and other civil servant financing options, without affecting your CCRIS record.

What Is Co-opbank Pertama (CBP) and How Is It Regulated?

Co-opbank Pertama is a Malaysian cooperative bank primarily serving civil servants and the broader public sector market. As a cooperative financial institution, it operates under a different regulatory framework from commercial banks, it is regulated under the Co-operative Societies Act 1993 and supervised by the Suruhanjaya Koperasi Malaysia (SKM), not directly by Bank Negara Malaysia as a licensed bank. Its financing products are Shariah-compliant and structured under the Tawarruq contract.

This regulatory distinction matters: the Product Disclosure Sheet, dispute resolution process, and applicable consumer protections differ from BNM-regulated bank products. Read the financing agreement carefully before signing. You can verify CBP’s cooperative status via Suruhanjaya Koperasi Malaysia (SKM).

How Do CBP Al Yasser and Lestari Compare?

The table below summarises the key differences:

Feature	Al Yasser	Lestari (Awam / Swasta)
Shariah contract	Tawarruq	Tawarruq
Max financing	Up to RM400,000	Awam: up to RM400,000 / Swasta: up to RM200,000
Profit rate	From ~2.8% p.a.	Subject to sector & repayment method (Typically from ~3.45%p.a.)
Min income	From RM1,500/month	Awam: from RM1,500/month / Swasta: from RM3,000/month (indicative)
Target audience	Civil servants (kakitangan awam)	Awam: civil servants / Swasta: private sector employees
Repayment method	ANGKASA, BPA, PGM, AutoDebit	ANGKASA, BPA, PGM, AutoDebit
Ibra' on early settlement	Yes	Yes
Approval time	~3 working days	3-5 working days (indicative)
Collateral required	None	None

What Are the Profit Rates by Sector and Repayment Method?

Profit rates vary by product, sector (Awam vs Swasta), and repayment method.

Product	Sector	Repayment Method	Indicative Profit Rate p.a.
Al Yasser	Civil servants (Awam)	ANGKASA / BPA / PGM	From ~2.8% p.a.
Lestari Awam	Civil servants (Awam)	ANGKASA / BPA / PGM	From ~3.45%p.a.
Lestari Swasta	Private sector (Swasta)	AutoDebit / standing instruction	From ~3.45%p.a.

1. What Is CBP Personal Financing-i Al Yasser?

Al Yasser is CBP’s civil servant-focused Islamic personal financing product, offering financing of up to RM400,000 under a Tawarruq contract with profit rates from ~2.8% p.a. Repayment is via ANGKASA or BPA/PGM salary deduction, with approval in approximately 3 working days.

Who should apply for Al Yasser?

Al Yasser is best suited for confirmed civil servants who need financing up to RM400,000, have a stable service record, and want relatively fast approval. The minimum income threshold starts from RM1,500/month, one of the lower barriers among Islamic personal financing products, making it accessible to junior civil servants and support-grade staff.

What can Al Yasser be used for?

• Working capital and household cash flow
• Education or medical expenses
• Credit card or small debt consolidation
• Family emergencies

2. What Is CBP Personal Financing-i Lestari?

Lestari is CBP’s higher-ceiling Islamic personal financing product, available in two variants: Lestari Awam (for civil servants, up to RM400,000) and Lestari Swasta (for private sector employees, up to RM200,000). Both are Shariah-compliant under Tawarruq with ibra’ on early settlement.

What is the difference between Lestari Awam and Lestari Swasta?

Awam and Swasta differ in target audience, maximum financing ceiling, minimum income threshold, and repayment method. The table below breaks this down:

Feature	Lestari Awam	Lestari Swasta
Who is it for?	Confirmed civil servants (federal, state, statutory)	Private sector salaried employees
Max financing	Up to RM400,000	Up to RM200,000
Min income	From RM1,500/month (indicative)	From RM3,000/month (indicative)
Repayment	ANGKASA / BPA / PGM salary deduction	AutoDebit / standing instruction
Profit rate	~3.45% p.a. to ~4.29% p.a.	~3.45% p.a. to ~5.00% p.a.
Approval	Subject to CBP assessment (Typically 3 working days)	Subject to CBP assessment (Typically 3 working days but more stringent)

The key practical difference: Lestari Awam benefits from salary deduction repayment (ANGKASA/BPA/PGM), which reduces repayment risk and can support a higher approved amount. Lestari Swasta relies on AutoDebit, which carries slightly higher repayment risk in CBP’s assessment, typically reflected in a higher profit rate.

What can Lestari be used for?

• Consolidating multiple larger debts (credit cards, personal loans, instalments)
• Larger family plans: renovation, wedding, education fund
• Medical or long-term care expenses
• Financial restructuring

How Does Repayment Work: ANGKASA, BPA, and PGM Explained?

Both Al Yasser and Lestari Awam offer salary deduction repayment, the main advantage for civil servant borrowers. Here’s how the three deduction mechanisms differ:

Method	How It Works
ANGKASA	Deducted from gross salary via Angkatan Koperasi Kebangsaan Malaysia Berhad before you receive it - standard for most civil servant co-op financing
BPA (Biro Perkhidmatan Angkasa)	Direct deduction via BPA for government employees - similar to ANGKASA but administered differently
PGM (Potongan Gaji Majikan)	Employer-managed payroll deduction - applicable for certain employer categories
AutoDebit	Bank account auto-debit on monthly due date - standard for Lestari Swasta (private sector)

The ANGKASA deduction limit is governed by ANGKASA’s own net salary retention rules, typically, total deductions cannot exceed a set percentage of gross salary, leaving a minimum net amount. If your deductions are already near the limit, a new ANGKASA-deducted financing may be capped or declined.

What happens to my ANGKASA deduction if I resign from government service?

If you leave civil service, your ANGKASA deduction arrangement ends immediately. You must notify CBP and arrange alternative repayment — typically AutoDebit or standing instruction. Failure to do so can result in late payment charges and a negative CCRIS record. This is a material risk for civil servants considering a career change during their financing tenure.

What Is the Tawarruq Contract and How Does Ibra’ Work?

Both Al Yasser and Lestari are structured under Tawarruq (commodity murabahah), a Shariah-compliant financing contract where the bank purchases a commodity on your behalf and sells it to you at a marked-up price on a deferred payment basis, with the profit fixed upfront. The profit rate on CBP’s products is fixed throughout the tenure, meaning your monthly instalment does not change regardless of movements in Bank Negara Malaysia’s Standardised Base Rate (SBR).

Ibra’ is a rebate on unearned profit if you settle the financing early, you only pay profit for the period you actually used. Under Bank Negara Malaysia’s Islamic financial services guidelines, Islamic financing providers must disclose ibra’ terms clearly in the Product Disclosure Sheet. This is a meaningful cost advantage over conventional loans, where break costs may apply on early settlement. For more detail, see Bank Negara Malaysia’s Islamic Finance overview.

How Does DSR Affect Your CBP Financing Approval?

DSR (Debt Service Ratio) is the percentage of your gross monthly income already committed to debt repayments. Most lenders, including cooperative banks, apply a ceiling of around 60%-70%. Even if your gross salary qualifies, high existing ANGKASA deductions can significantly reduce the approved amount. Check your existing commitments via Bank Negara Malaysia’s eCCRIS portal before applying.

DSR calculation example

DSR Component	Amount
Gross monthly salary	RM4,500
Existing ANGKASA deductions	RM700/month
Car loan instalment	RM500/month
Proposed CBP instalment	~RM900/month
Total monthly commitments	RM2,100
DSR	RM2,100 ÷ RM4,500 = 46.7% Within typical 60% ceiling

In this example, the proposed financing keeps DSR at 46.7%, within the typical 60% ceiling. If existing ANGKASA deductions were higher (RM1,200/month instead of RM700), DSR would rise to 57.8%, leaving very little room. Read more: what is DSR and how does it affect personal loan approval in Malaysia?

Which CBP Product Should You Choose?

Profile	Recommended Product
Civil servant, needs up to RM400,000, wants fast approval	Al Yasser
Civil servant, needs larger structured financing	Lestari Awam
Private sector employee, needs up to RM200,000	Lestari Swasta
Low income civil servant (from RM1,500/month)	Al Yasser or Lestari Awam
High existing ANGKASA deductions	Assess net income and DSR before applying
Wants early settlement flexibility	Both - ibra' applies to all Tawarruq products
Clean CCRIS / CTOS record	Strengthens both applications
Severe overdue or legal action on CCRIS	Difficult to approve under either product

What Documents Do You Need to Apply?

Document	Purpose
MyKad (front and back)	Identity verification
Latest 3 months' payslips	Proof of income and existing deductions
Latest 3 months' bank statements	Confirm salary credit
Latest ANGKASA deduction record	Review current deductions and net income
Service confirmation letter	Confirm civil servant status and tenure
EPF statement	Supporting employment record
CCRIS / CTOS report	Credit assessment

What Should You Watch Out for Before Applying?

1. CBP is a cooperative bank – not a BNM-regulated commercial bank

CBP operates under the Co-operative Societies Act 1993 and is regulated by SKM, not Bank Negara Malaysia. Consumer protection frameworks and dispute resolution processes differ from those of commercial banks. Read the financing agreement and PDS carefully.

2. Civil servant financing is assessed on net income, not gross

CBP reviews net salary after existing ANGKASA, BPA, or PGM deductions, not your gross pay grade. Multiple existing deductions can significantly cap your approved amount even on a good salary. Calculate your net take-home after all deductions before estimating borrowing capacity.

3. Don’t apply for Lestari if Al Yasser covers your need

Lestari has a more stringent approval process given its higher financing ceiling. If you only need RM50,000-RM100,000, Al Yasser is the faster and more straightforward route. Applying for Lestari when Al Yasser would suffice risks a slower process and a harder-to-clear CCRIS enquiry.

4. Multiple applications affect your CCRIS record

Every formal financing application leaves an enquiry on your CCRIS report. Multiple enquiries in a short period signal financial distress to other lenders. Use iMoney’s pre-screening tool before applying formally.

Why Compare CBP Financing on iMoney.my?

• Compare Al Yasser and Lestari side by side with BSN MyRinggit-i, MBSB, OSK Syariah Capital, and other civil servant financing options
• Check eligibility before submitting a formal application
• Understand which product fits your income, deductions, and DSR profile
• Reduce the risk of rejected applications leaving marks on your CCRIS record

Compare all Islamic personal financing options for civil servants on iMoney.

Al Yasser or Lestari: Which CBP Product Is Right for You?

Both CBP Personal Financing-i Al Yasser and Lestari are Shariah-compliant, offer ibra’ on early settlement, and support ANGKASA salary deduction for civil servants. Al Yasser is the faster, more accessible route for civil servants needing up to RM400,000 with straightforward income profiles. Lestari Awam serves civil servants needing larger structured financing, while Lestari Swasta extends the product to private sector employees at a lower financing ceiling.

Before applying, calculate your net income after existing ANGKASA deductions, check your DSR, review your CCRIS record, and confirm the current rates and maximum amounts from CBP’s Product Disclosure Sheet, the most important figures in this article require editorial verification before publication.

Disclaimer: Financing amount, profit rate, tenure, and approval conditions for CBP Al Yasser and Lestari are subject to Co-opbank Pertama’s final credit assessment and the relevant Product Disclosure Sheet. CBP is a cooperative bank regulated by Suruhanjaya Koperasi Malaysia (SKM). Terms and conditions apply.