Introduction
Musharakah Mutanaqisah Term Financing-i or MM Term financing-i (MMTF-i) is a shariah compliant financing facility offered for new and existing corporate and commercial customers for asset acquisitions and refinancing such as landed properties, plant and machinery, vessels, commercial vehicles, etc.
MMTF-i is based on Musharakah Mutanaqisah (diminishing partnership) concept where both the customer and the bank jointly acquire and co-own an asset/property. Customer’s monthly installments for the financing paid to the Bank will increase customer's ownership of the asset/property. The ownership of the asset/property will progressively move towards the customer and the financing ends when the customer owns 100% of the asset/property.
Product Features
The product features of MMTF-i are as follows:
Item
 |
Term
|
Particulars |
| a) |
Concept |
Musharakah Mutanaqisah (Diminishing Partnership) |
b) |
Purpose |
| • |
Financing purchases of asset/property such as landed properties, plant & machinery, vessels, commercial vehicles, etc; |
| • |
Refinancing of the above assets/properties; |
|
c) |
Eligibility |
Eligible commercial and corporate customers, local and foreign |
d) |
Tenor |
Up to 20 years |
e) |
Pricing |
The pricing is competitive as per the Conventional loan which could be offered under:
| • |
Fixed rate; or |
| • |
Floating rate ; or |
| • |
A combination of Fixed rate and Floating rate. |
|
For more information, please visit your nearest Maybank Commercial Business Centre, Trade Finance Centre or Corporate Investment Banking. |
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