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Affin Education Financing-i is a Shariah-compliant education financing facility offered by Affin Islamic Bank Berhad in partnership with Management and Science University (MSU). This financing scheme is designed to help students fund their studies at MSU across various levels, including Diploma, Bachelor’s degree, and Postgraduate programmes.

The facility offers flexible repayment, competitive profit rates, and a structure aligned with the bank’s Islamic financing principles (Murabahah Tawarruq), making it suitable for students who prefer or require Syariah-compliant funding options.

Key Features

• Shariah-compliant financing (Tawarruq/Murabahah-based structure)
• Covers tuition fees and related study expenses
• Flexible repayment period
• Competitive profit rates
• Open to MSU students across most programmes
• Application open to students and parents/guardians
• Available to Malaysians and selected eligibility groups

What the Financing Covers

Affin Education Financing-i may be used for:

• Tuition fees
• Registration fees
• Examination fees
• Learning resources (books, materials, equipment)
• Accommodation and related living expenses
• Other education-related charges allowed by the bank

Coverage varies depending on the approved amount and the applicant’s financial profile.

Eligibility Criteria

Applicant Requirements

Applications may be made by:

• Students aged 18 and above, or
• Parents or legal guardians applying on behalf of the student

Financial Requirements

• Minimum income requirement set by Affin Islamic Bank
• Acceptable credit history (for guarantor/parent application)
• Demonstrated ability to service the financing

Programme Eligibility

• Diploma programmes
• Bachelor’s degree programmes
• Master’s degree and selected postgraduate programmes

Must be enrolled or accepted into MSU.

Financing Amount & Tenure

Financing Amount

• Subject to the bank’s assessment
• May cover partial or full tuition fees
• Additional allocation may be provided for living allowances (case-by-case basis)

Repayment Tenure

Typically includes:

• Study period deferment (no repayment while studying), followed by
• Repayment period after graduation, spread over a flexible term depending on the approved amount and applicant’s ability

Exact tenure and schedule depend on Affin Islamic Bank’s policies at the time of application.

Profit Rate

Affin Islamic Bank offers a competitive profit rate under a floating rate or ceiling rate depending on the financing package.

Profit rates may vary based on:

• Financing amount
• Applicant’s income
• Financing tenure
• Bank’s prevailing Islamic financing policies

Applicants will be informed of the final profit rate upon approval.

Application Process

Step 1 — Enquiry & Document Preparation

Submit required documents such as:

• Student’s offer letter from MSU
• Identity card copies (student & guarantor)
• Parents’ or applicant’s income documents
• Bank statements, EPF statements, or supporting financial records

Step 2 — Submit Application to Affin Islamic Bank

Applications may be made online, through Affin branches, or via MSU’s finance/admissions office.

Step 3 — Financial Assessment

The bank reviews:

• Creditworthiness of applicant/guarantor
• Programme fees
• Required financing amount
• Repayment capability

Step 4 — Approval & Agreement Signing

If approved:

• Financing agreement is signed
• Disbursement schedule is provided
• Payment is channelled directly to MSU as per fee cycle

Why Students Choose Affin Education Financing-i

• Suitable for students who prefer Islamic financing
• Helps ease tuition fee burden during the study period
• Repayment begins only after graduation for most applicants
• Supports a wide range of MSU programmes
• Allows families to plan education expenses more comfortably