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Special Advance for Investment Assets-i (SAFIA-i)

Special Advance for Investment Assets-i (SAFIA-i) is a short term Islamic cash financing for Agrobank investment account holders. Implementation of this product is based on the Tawarruq transactions.

 

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Product Details

Financing Limit

Minimum : RM5,000.00

Maximum: 150% of the value of investment assets

Financing Tenure

The financing period is subject to margin financing as below :

Margin financing up to 100 %

Minimum: 3 months
Maximum : 12 months

Margin financing up to 150 %

Minimum :3 months
Maximum : 36 months

Profit Rate (Subject to change)

Profit rate will be based on the margin of financing as per below:-

Financing Margin Up to 100%

Agro-based and Food Industry
Investment Profit Rate + 1.0% p.a.

Not Agro-based and Food Industry
Investment Profit Rate + 2.00% p.a.

Financing Margin Up to 150%

Agro-based and Food Industry
For the first 100%:
Investment Profit Rate + 1.0% p.a.

For the next 101% -150%:
Base Rate (BR) + 3.85% p.a


Not Agro-based and Food Industry
For the first 100%:
Investment Profit Rate + 2.0% p.a.

For the next 101%-150%
BR + 4.35% p.a

Ceilings Profit Rate (CPR):
BR + 7.15% p.a. or 10 % p.a., whichever is higher for the calculation of the sales price.

Effective Profit Rate (EPR):
At the current rate and did not exceed the ceiling profit rate charged and is calculated on a monthly balance

Fees & Charges

Stamp duty As in the Stamp Duties Act 1949 ( Revised 1989)
Brokerage Charges/ Trading Brokerage charges / trading for every successful transaction Tawarruq is RM50 (subject to 6% GST).

Security / Collateral

  • Investment assets shall be taken as collateral.
  • A guarantor is required for margin financing 100 % -150 %
  • Customers are encouraged to take Yearly Renewal Term Takaful (YRTT) or Mortgage Reducing Term Takaful (MRTT)


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