OSK Syariah Capital

The OSK Syariah Capital Personal Loan is a compelling option for civil servants in Malaysia seeking quick, ethical financing without the burden of upfront costs or complicated collateral requirements. If you're eligible and need funds for medical expenses, education, business startup, house renovation, debt consolidation, or emergencies, it’s definitely worth considering.

• Who is OSK Syariah Capital Sdn Bhd ("OSKSC")?

  OSKSC is a company incorporated in Malaysia and a subsidiary under the OSK Group, which provides Shariah-compliant personal financing facilities.

• What are the products offered by OSKSC?

  The products offered are Islamic personal financing facilities without collateral. Currently, the product offered is for civil servants, where the monthly instalment payment is through salary deduction through Angkatan Koperasi Kebangsaan Malaysia Berhad ("ANGKASA").

• What is OSK Syariah Capital Personal Financing-i?

  OSK Syariah Capital Personal Financing-i is a Shariah-compliant, unsecured personal financing facility in Malaysia. It provides cash financing without interest (riba), using a pre-agreed profit rate under approved Islamic financing principles. Final terms are subject to assessment and acceptance.

• Is this product based on the Shariah Concept?

  Yes. A product based on Murabahah Commodity through Tawarruq is based on Shariah principles, provided it is structured and implemented in accordance with Shariah requirements.

  Explanation (simple):

  • Murabahah: A cost-plus sale where the profit margin is clearly disclosed.
  • Commodity Tawarruq: Involves buying and selling Shariah-compliant commodities through a series of transactions to obtain cash in a permissible manner.

  This structure is widely used and approved by Shariah scholars for Islamic financing products such as personal financing, credit cards, and financing facilities.

  Therefore, yes, the product is based on a Shariah concept, subject to approval and ongoing supervision by a Shariah Committee.

• How is OSK Syariah Capital Personal Financing different from a conventional personal loan?

  OSK Syariah Capital Personal Loan follows Islamic finance principles, where the profit rate is agreed upfront and does not compound. Conventional personal loans charge interest, which may increase total repayment. Suitability depends on individual financial circumstances and financing terms.

• Who is eligible to apply for OSK Syariah Capital Financing?

  You are eligible to apply if you are:

  • A Malaysian citizen civil servant
  • With a minimum monthly salary of RM1,500
  • Must be in a permanent position with more than 6 months, exclusive of the probationary period

• Can non-Muslims apply for OSK Syariah Capital Personal Loan?

  Yes. Non-Muslims may apply if they meet the eligibility requirements. Shariah-compliant financing products in Malaysia are inclusive and offered based on financial criteria, not religious background.

• How do I apply for OSK Syariah Capital Islamic financing?

  You can conveniently apply online through the iMoney apply form or directly with OSK Syariah Capital. Applicants must complete an application form and submit required documents. All applications are subject to credit assessment and approval.

• What are the documentary requirements when applying for OSK Syariah Capital Personal Financing?

  Requirements include the following:

  • Employment confirmation letter (more than 6 months as a civil servant in a permanent position, excluding probationary period)
  • A copy of your NRIC
  • A copy of 1-month, latest salary statement
  • Latest bank statement
  • Statement of preliminary completion (if applicable)
  • BPA 1/79 ANGKASA Bureau Form certified by the employer.

  Additional documents may be requested depending on individual circumstances and assessment requirements.

• How long does approval take?

  Approval timelines vary but typically take a few working days after complete documentation is submitted.

• Am I eligible to apply if I am still under the Credit Management Programme (PPK) by AKPK?

  Yes, you can apply. Debt Management Programme ("DMP") statement is required and would be subject to DSR limit after incorporrating instalment amount as reflected in the DMP statement.

• What can I use the personal financing for?

  OSK Syariah Capital Personal Financing-i may be used for general personal needs, such as debt consolidation, education expenses, medical costs, home improvements, or emergency expenses. Usage must comply with Shariah-approved purposes and the financing agreement.

• What are the benefits of choosing OSK Syariah Capital Financing over conventional loans?

  OSK Syariah Capital financing follows Shariah principles, with a pre-agreed profit rate and no interest compounding. Terms are disclosed upfront, promoting transparency and predictability. Suitability depends on individual needs, and all financing is subject to assessment and approval.

• What are the fees and charges for OSK Syariah Personal Financing?

  Fees may include processing or documentation charges. If repayments are late, late payment charges (Ta’widh) may apply in accordance with Shariah guidelines. All applicable fees and charges are disclosed upfront before acceptance.

• What happens if I miss a repayment?

  Missing a repayment may result in late payment charges (Ta’widh) and could affect your credit record. Borrowers are encouraged to review their repayment obligations carefully and contact the provider early if facing repayment difficulties.

• Is early settlement allowed for OSK Syariah Capital Personal Loan?

  Early settlement is generally allowed. Depending on the terms, a rebate (Ibra’) on unearned profit may be granted. The rebate amount and conditions are stated in the financing agreement and may vary by case.

• What repayment options are available with OSK Syariah Capital Islamic financing?

  Repayment is typically made through fixed monthly instalments, which may include salary deduction arrangements where applicable. Repayment terms are set at approval and outlined in the financing agreement. Options may vary based on eligibility and provider terms.

• How do Shariah-compliant financing options, like those offered by OSK, ensure ethical and responsible financial practices?

  Shariah-compliant financing avoids interest (riba), excessive uncertainty, and unethical activities. Transactions are structured using approved contracts and reviewed under Shariah governance frameworks, promoting transparency, fairness, and responsible financing practices.

• Are Credit Cards and Buy Now Pay Later (BNPL) included in arrears assessment?

  No, they are excluded from the arrears evaluation. This can help maintain a healthier credit profile.

• If I have missed 2 months of payments, can I still apply for a loan?

  Yes, you still can, it depends on the type of loan and your outstanding balance:

  • Secured loans (Mortgage/HP): Missing up to 3 months is generally acceptable. With 2 months missed, you can still apply.
    
    
  • Unsecured loans ≤ RM80,000: 2 months missed is the maximum allowed, so you may still be eligible.
    
    
  • Unsecured loans > RM80,000: Only 1 month missed is allowed. In this case, 2 months missed may affect your eligibility.

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Last updated: Jan 29, 2026