Paddy-i (Tawarruq) is an uncollateralised financing to finance working capital for rice planting activities in a paddy field which is certified by related government agencies. This product is based on the Tawarruq transactions.
![]() |
![]() |
Product Details
Limit |
Minimum : RM1,000 Maximum: RM50,000 (or by combination of aggregate financing Paddy-i & Paddy Cash-i financing) |
Tenor |
Minimum : Six (6) months Maximum : Seasonal review, not exceeding five (5) years |
Profit Rate |
Agro Paddy-i
|
Download Product Disclosure Sheet
Financing Payment
- Rice sales and subsidies are channelled directly to the Bank
- Deductions from savings accounts in banks; OR
- Other methods acceptable to the Bank
Eligibility Criteria
- Malaysian
- Farmers registered with BERNAS (Padiberas Nasional Berhad) or other related agencies certified by the government
- Age 18 and above until the age of 70 years at the expiry of the financing period
- There are no legal obstacles
Security/Guarantee
Excluded from any collateral / guarantee
Fees & Charges
Stamping Fees | As per the Stamp Act 1949 (Revised 1989). | ||||||||||||||||
Brokerage/ Trading Fees |
Brokerage fee for every successful Tawarruq transaction is at RM 20. (Subject to Sales & Service Tax (SST) 6% ) |
||||||||||||||||
Wakalah Fees |
Wakalah fee are based on the table below.
|
||||||||||||||||