Benefits

CMTF-i and MTF-i are shariah-compliant term financing facilities that provide alternatives to customers to acquire completed or under construction assets such as landed properties (residential and commercial), plant and machinery, vessels and commercial vehicles.

Underlying Assets

CMTF-i

Tradable Shariah-compliant commodities such as zinc, tin, lead, palm oil and wheat.

MTF-i

The required assets by customer.

Eligibility

Eligible individual or non-individual customers, local and foreign.

Tenor

As per existing term financing based on customer's requirements and credibility.

Pricing

As per the existing pricing for Islamic Term Financing:

1. Variable Rate Financing
   i) Selling Price Rate
   BFR + 4% or 10%, whichever is higher (for computation of Bank's selling price)
   ii) Effective Date
   BFR + margin / spread (at per with conventional rate)
2. Fixed Rate
   As per the conventional rate. The rate will remain fixed throughout the financing tenor.
3. Combination of both Fixed and Variable Rate

Payment

1. Bullet or lump-sum payment.
2. Periodically, i.e. monthly, quarterly, half-yearly and yearly.

Disbursement

As per agreed terms between Bank and customer.

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.

Other Terms and Conditions

Other terms and conditions are as per the existing term financing under BBA, Inah and Musharakah Mutanaqisah.

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