Item
 |
Features
|
Description |
| 1 |
Type of Facility |
Term Financing |
2 |
Shariah Concept |
Murabahah (cost-plus sale) |
3 |
Underlying Assets |
CMTF-i
Tradable Shariah-compliant commodities such as zinc, tin, lead, palm oil and wheat.
MTF-i
The required assets by customer.
|
4 |
Eligibility |
Eligible individual or non-individual customers, local and foreign. |
| 5 |
Tenor |
As per existing term financing based on customer’s requirements and credibility. |
| 6 |
Pricing |
As per the existing pricing for Islamic Term Financing:
a) Variable Rate Financing
i. Selling Price Rate
BFR + 4% or 10%, whichever is higher (for computation of Bank's selling price)
ii. Effective Rate
BFR + margin / spend (at per with conventional rate)
b) Fixed Rate
As per the conventional rate. The rate will remain fixed throughout the financing tenor.
c) Combination of both Fixed and Variable Rate. |
| 7 |
Payment |
i) Bullet or lump-sum payment.
ii) Periodically, i.e. monthly, quarterly, half-yearly and yearly. |
| 8 |
Disbursement |
As per agreed terms between Bank and customer. |
| 9 |
Guidelines |
The introduction of CMTF-i and MTF-i will operate with the parameter set by Islamic Banking Act, ECM and other guidelines issued by Bank Negara Malaysia. |
10 |
Other Terms and Conditions |
Other terms and conditions are as per the existing term financing under BBA, Inah and Musharakah Mutanaqisah. |