Maybank Islamic’s HouzKEY promotes home ownership

Owning KL house: Khairul considers it interesting to buy a house without having to pay downpayment.

MAYBANK Islamic Bhd’s rent-to-own scheme, HouzKEY, may not quite be the answer to the country’s housing affordability woes – but it provides potential homebuyers with an alternative.

For 34-year old manager Cheong Whye Mun, Maybank Islamic’s rent-to-own scheme offered him the opportunity of avoiding the hassle of physically going out to look for a piece of property that he would want to own.