• Quick Guarantee-i (QG-i)
  • A simplified version of our Bank Guarantee-i applications process with faster turnaround time and simple documentation.
  • The application process is designed to be simple and easy with a single application form.

Fast turnaround time

Between one (1) to three (3) working days*.

Simplified documentation

Simplified application process with minimal documentation.

Convenient

Available at all CIMB Islamic branches nationwide. CIMB Islamic bank branches are co located at CIMB Bank branches nationwide.

  • Individuals and Businesses (registered in Malaysia)
  • CIMB Islamic Bank Current Account or Savings Account holders
  • First party application only
  • Subject to CIMB Islamic Bank’s approved beneficiary formats
  • Issued against 100% cash (non-profit bearing) direct debited from Customer's account

Maximum Amount and Tenor:    

  • Maximum amount of RM500,000 per transaction
    and RM1 million per applicant
  • Maximum tenor of thirty-six (36) months excluding claims period

Documents Required:   

  • Bank Guarantee-i format from beneficiary (if applicable)
  • Individuals: Copy of customer’s Identification Card (IC)
  • Businesses:
  1. For Sole Proprietors and Partnerships:
    - Copy of Identification Card (IC) (for all owners)
    - Borang D or E
  2. For Sendirian Berhad/Berhad:
    -Certified true copies of Form 24 and Form 49 by
      company secretary
       

Cut-Off Time: 
* 12.00 noon for same day issuance by 4.00 p.m.
(Subject to complete application and stamping of  Bank  Guarantee-i  done by the customer. In the event where the customer requests CIMB Islamic Bank to stamp the Bank Guarantee-i, it may take up to 3 working days for the customer to receive the stamped Bank Guarantee-i).

Types of Products/Services Fees & Charges Cut-off time for transaction to be processed
Issuance & Amendment 1.8% per annum (including claim period) or minimum RM150 

Monday to Friday : 12.00 p.m. (same day if customer arrange for stamping of Bank Guarantee)

(3 days if Bank arrange for stamping of Bank Guarantee)

 

For general charges, please refer to General Charges@Trade

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