I want to correct something stated above: Some banks dont have lock in period for islamic loan.

First off all, it depands on the bank how they want the islamic loan to be. A few months ago there in The Star, Biz section, they say malaysia does not have a standard islamic loan. So every bank has their own way.

Pros:
1. Some bank does not imply lock in period.
2. Rates capped at 9.5% or 10% or 11%.
3. Most banks done give u penalty for late payments or if u dont pay for a few months because in islam its illegal to impose interest. Infact Bank Islam let u forfeit 2 months installment in 1 year. Check out their banners.

Cons:
1. No Daily or monthly rest for installment. Depends on the bank.
2. Interest rates is not so good. This depends on banks also.

Ill add more if i remember this topic later