Citigroup offers more Sharia-compliant products in Malaysia

Citigroup ups the ante in Malaysia and introduces a new home-financing product.

In Malaysia, Citibank Berhad has launched Citibank Home Partner-i, a home financing product based on the Islamic concept of diminishing Musyarakah, which is essentially a co-ownership agreement
between the bank and the customer.

This targets both non-Muslims and Muslim homeowners who are looking to refinance their properties and first-time homeowners of completed properties.

The Islamic banking industry in Malaysia is experiencing robust and dynamic growth. However, to make Malaysia a global Islamic hub, it is essential that we launch...

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