Term Financing-i

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Business Financing-i

Term Financing-i

Term Financing-i is a financing package with fixed profit rates designed for companies and co-operatives.

Eligibility

All business entities such as private limited companies and co-operatives.

Concept

Tawarruq

Purpose

Working capital for business expansion involving companies from various sectors including agriculture, credit consumer, property, manufacturing, infrastructure, retail, communication, oil and gas, etc.

Margin

Up to 80% of working capital requirement

Tenure

Maximum 10 years.

Fees and Charges

Charge and Service for Individuals
Transaction	Charge
Wakalah Fee	NIL
Stamp Duty Fee	NIL
Early Settlement Fee	Rebate (Ibra’) will be given on the deferred profit
Commodity Trading Fee	RM15 will be charged for every RM1 Million (50:50 sharing basis). Minimum transaction is RM1,000.
Late Payment Charges	During the financing period: 1% per annum on top of the outstanding payment. After the financing tenure expires: Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance.