Working Capital for Ar-Rahnu X'Change

Business Financing-i 

Working Capital for Ar-Rahnu X'Change

Purpose

To finance working capital requirement for Ar-Rahnu X'Change franchise business.

Eligibility

Cooperatives

Concept

Tawarruq

Fees and Charges

Charge and Service for Individuals
TransactionCharge
Wakalah FeeNIL
Stamp Duty FeeNIL
Early Settlement FeeRebate (Ibra’) will be given on the deferred profit
Commodity Trading FeeRM15 will be charged for every RM1 Million (50:50 sharing basis). Minimum transaction is RM1,000.
Late Payment ChargesDuring 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.

Margin of Financing

Maximum 80% of the working capital requirement

Tenure

Maximum 15 years

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