Strategic Alliance Financing-i (SALF-i) is financing facilities granted to finance development projects for economic activities (agriculture and agro-based) launched by the State Government or the Federation.
Funding is provided to project participants individually or agencies authorised by the State Government or Federation as a Project Manager. This product is based on the Tawarruq transactions.
|Financing Limit||Up to a maximum of 100% of the total project|
|Tenure||Up to a maximum of fifteen (15) years|
(Subject to change)
From BFR - 1.0% to BFR + 2.0% p.a. calculated on the monthly balance
Ceilings Profit Rate (CPR) :
Effective Profit Rate (EPR) :
Note: Basic Financing Rate (BFR)
|Stamping Fees||As per the Stamp Duty Act 1949 (Revised 1989).|
|Takaful Contribution||Based on financing amount given.|
|Brokerage/Trading Fees||Brokerage fee for every successful Tawarruq transaction is at RM 15 for every millions of commodity purchasing amount. (Subject to GST at 6%)|
|Legal Fees||Include solicitors fees for financing documentation, registration of charge, land search and bankruptcy search and others related charges.|