I believe for example if Mr. A wants to take a loan to buy a car that is worth RM100k as advertised at car showroom the Islamic bank should make an agreement with the car company to reduce the price of the car to probably RM80k to the bank so the bank will purchase the car and sell through loan to the bank Mr. A at also RM100k (same as the market price) with 0% interest.

HI Guys,
Need some help here. I am just confuse whether to take conventional or islamic. I was offered Maybank Commodity Murabahah Home Financing-i. The ceiling rate is 10.6%. MY property value is around 250k and the Ceiling Profit rate is arnd 1.1mil. BFR is - 2.40% daily interest. I went through some thread and found out that , for islamic, even if you pay more to the principal, you can't reduce the interest as its already been calculated upfront and fixed. Meaning you have to continue paying the same amount every month as usual. This property is for investment and they offered me no lock in, no penalty for exit and less late payment chargers. Banker told islamic is better for investment but im nt sure. Really hope someone could advice me over here. Thanks alot!