iAdvance

iAdvance is a secure, Shariah-compliant financial tool designed to provide working individuals with transparent Tawarruq Financing Facilities.

Unlike conventional personal loans, iAdvance operates under the Islamic Tawarruq financing concept, certified with a Shariah Compliance Certificate, and reported to Bank Negara Malaysia’s Credit Bureau. All facilities are fully regulated, transparent, and fixed — with no hidden charges, no compounding interest, and no rollovers.

Key Features
Shariah-Compliant Financing – Certified under Tawarruq principles and reviewed by qualified Shariah advisors.
Transparent & Fixed Costs – All fees disclosed upfront. No hidden interest, no compounding.
Flexible Repayment – Repayment available from 61 days up to 90 days.
Digital Submission – Apply securely and submit documents directly to licensed financial providers.
Smart Financial Management – Track your facility, set reminders, and manage repayments.
Integrated KYC – Full identity verification for user protection.
Privacy-First Platform – All personal data encrypted, handled confidentially, and only shared with licensed institutions with user consent.

Facility Details (Malaysia Only)
Facility Type: Shariah-Compliant Financing (Tawarruq)
Financing Amount: Up to RM400.00
Loan Term: 61 – 90 days
Maximum Annual Percentage Rate (APR) is 3%

Fees (Fixed & Disclosed):
Shariah-Compliant Financing 0% interest
System Provider Fee: RM12 only

Representative Example:
Financing Amount: RM400.00
Total Repayment: RM400.00

Maximum Repayment Period: 90 days
Representative APR: 3% per annum (based only on financing fee, consistent with local law).
Note: Third-party service fees (e.g., credit report, bank charges) are excluded from APR as they are pass-through costs.

Compliance & Governance
Fully Shariah-Compliant, certified under Tawarruq Islamic Financing.
Governed and reported to Bank Negara Malaysia’s Credit Bureau.
This is not a payday loan and not a short-term rollover loan. Repayment is fixed, regulated, and transparent.