By way of conduct and unless otherwise communicated with the Bank, the customer agrees the following during the moratorium period, to effect the COVID-19 Financial Relief Assistance program:
*For all Islamic financing facilities, profit will not be capitalised (i.e. not compounded).
- The extension of the customer’s facility tenure by the same tenure of the moratorium period, where applicable;
- In respect of the rebate (ibra’) clause agreed for the customer’s relevant facility, a lower rebate may be granted by the Bank;
- In respect of the customer’s facility with a leasing (ijarah) arrangement, the Bank may grant full or partial rebate on the instalments.