Term Financing-i is an Islamic financing facility provided to the customer for carrying out the activities or projects that have relevance to the agricultural sector. This product is based on the Tawarruq transactions.
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This product offers financing facility with the following purposes as follows:
- To purchase assets, goods, or services
- To redeem the assets.
- To obtain the working capital.
- For refinancing
- For restructuring
- For the purposes of Shariah compliance financing
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|Stamping Fees||As per the Stamp Duty Act 1949 (Revised 1989).|
|Legal & Disbursement Fees||Include solicitors fees for financing documentation, registration of charge, land search and bankruptcy search and others related charges.|
|Takaful Contribution||Based on financing amount given.|
|Brokerage Fees||Brokerage fee for every successful Tawarruq transaction is at RM 7 for every millions of commodity purchasing amount.|
Note : The bank will send at least 21 days notice to customers before any change is made to the fees and charges.