Working Capital Financing-i for Floor Stocking

Shariah-compliant working capital financing for authorized vehicle dealers to finance motor vehicle inventory purchasing for sale.

Tawarruq

Up to 100% of invoice value for new vehicles

Up to 90% of market value for reconditioned vehicles

Maximum facility tenure: up to 5 years

Revolving tenure: up to 180 days for each utilisation/disbursement

Competitive profit rates, pegged to BFR.

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.
Late Payment Charges	During the financing tenure: 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.

AUTO FINANCING CENTRE (AFC)	ADDRESS
AFC JALAN IPOH	Tingkat 4, Bangunan Bank Rakyat, Jalan Ipoh, 51200 Kuala Lumpur
AFC MERGONG	2nd Floor, Auto Finance Centre, Bangunan Bank Rakyat No 7 & 8, Susur Tuanku Haminah 05150 Alor Setar Kedah
AFC SEBERANG JAYA	3rd Floor, Auto Finance Centre, Bangunan Bank Rakyat, Jalan Todak 1, Pusat Bandar Seberang jaya, 13700 Prai, Pulau Pinang
AFC JB	Level 12, Menara 2 Coronation Square, Jalan Abdullah Ibrahim, 80888 Ibrahim International Business District, Johor Darul Takzim
AFC KUCHING	Tingkat Dua, No. 9 & 10, Blok 16, KCLD Jalan Tun Jugah, 93350 Kuching, Sarawak
AFC SEREMBAN	Tingkat 2, PT5750, Jalan Tunku Munawir, Peti Surat 70, 70000 Seremban, Negeri Sembilan
AFC SHAH ALAM	Tingkat 2, No. F31-2 Vista Alam, Jalan Ikhtisas 14/1 Seksyen 14, 40000 Shah Alam
AFC LIKAS	Tingkat 2, No. 1, BlokA, Plaza Juta, Jalan Tuaran, 88400 Kota Kinabalu, Sabah
AFC PUTRAJAYA	B2-LG-3A, Blok B8C1, Jalan P8G, Presint 8, 62250 Putrajaya, Wilayah Persekutuan
AFC MERU RAYA	No.42 & 44, Jalan Meru Impian A1, Pusat Perniagaan Meru Impian, Bandar Meru Raya 30200 Ipoh