Contract-i

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Business Financing-i 

Contract-i

To part finance the cost to complete the contract awarded.

Shariah Concept

Tawarruq

Eligibility

  • Public Limited Companies
  • Private Limited Companies
  • Cooperatives(awarded contracts by the government, semi-government bodies, local councils and private companies recognised by Bank Rakyat)

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.

Financing Amount

Financing of up to 80% of the contract cost

Financing Period

Not more than 6 months after the contract expires

Security/Guarantee

Assignment of contract proceeds


For further information, you may visit our nearest branches or call our tele-Rakyat Contact Centre at 1-300-80-5454

* Terms and conditions apply.

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