Maybank

• The Shariah concept applied for STRC-i is Murabahah (cost plus profit sale) via Commodity Murabahah/Tawarruq arrangement. It is a method of sale with a mark-up price whereby the Customer makes payment over an agreed period of time. The underlying asset for the sale transaction between the Customer and the Bank will be a specific tradable Shariah-compliant commodity.

Eligibility

• All corporate customers
• Middle market customers

Tenure

• Maximum financing period of 5 years, with renewal subject to Bank’s approval. Effective Profit Rate will be subject to periodical review.

Utilisation Profit Period

• Utilisation is available for a period of 1, 2, 3, 6, 9, up to 12 months.

Ceiling Rate

• BFR + 4 or 10% whichever is higher
• This rate is for the calculation of Bank's Sale Price

Effective Rate

• To be pegged to the Bank's Cost of Funds (COF) plus a credit spread. COF is made up of KLIBOR plus (liquidity and reserve costs etc) plus margin.

Who can apply

• Companies incorporated under the Companies Act