MAL for retirees, is an Islamic personal finance from SABB Amanah, designed to provide liquidity to retirees to meet and fulfill their needs. It is based on Tawarruq concept of providing Islamic finance that is approved by our Shariah committee, therefore ensuring complete Shariah compliance.

This is how the concept of (Tawarruq) works. SABB owns commodities purchased from the market and sells it to you at a fixed profit rate you agree upon and repay over a maximum period of 5 years. As soon as you agree to buy the commodities from SABB, you also authorise SABB by issuing power of attorney to affect the spot sale at prevailing prices. This completes the transaction cycle instantly thereby allowing us to credit the sale amount to your account. The entire process is quick, easy and economical.