Islamic Standard Tariff and Charges

No PRODUCT STANDARD TARIFF AND CHARGES GOODS AND SERVICES TAX (GST)
1 Letter of Credit-i (LC-i)
a. Issuance

0.106% per month
Minimum (Min): RM159









6% (Standard Rated)
b. Amendment
  • Extension of validity date

0.106% per month 
Min: RM53 for 1st amendment. 
Min: RM106 for subsequent amendment.
  • Increase in amount
0.106% per month
Min: RM53 for 1st amendment. 
Min: RM106 for subsequent amendment
  • Other amendments
Flat: RM53 for 1st amendment. 
Flat: RM106 for subsequent amendment.
c. Cancellation RM53 flat
d. Overdrawn LC-i 0.106% per month
Min: RM53 for 1st overdrawn amount. 
Min: RM106 for subsequent overdrawn amount
e. Expired LC-i 0.106% per month
Min: RM53
2 Standby LC-i (SBLC-i)
a. Issuance

Rates as per Application for Accommodation (AA)
1.59% per annum, Min : RM106





6%
b. Standby LC Amendment
  • Extension of validity date

Rates as per AA
1.59% per annum, Min : RM106
  • Increase in amount
Rates as per AA
1.59% per annum, Min : RM106
  • Other amendments
Flat: RM53 per request
3 Shipping Guarantee-i (SG-i)
  • Under our LC

0.106% flat for first 3 months Min RM106




6%
  • Not under our LC
0.212% flat for first 3 months Min RM212
  • If the SG-i is not return for cancellation
0.106% per month
Min RM53 until SG-i is returned for cancellation.
4 Inward Bills for Collection-i
(IBC-i) Collection commission
0.106% flat ,Min RM53 
Max RM106 for foreign currency 
Max RM530 for RM
6%
5 Advising Letter of Credit-i
(ALC-i) Advising commission
  • For Beneficiary's Account


RM50 flat for customer beneficiary
RM75 flat for non-customer beneficiary


Zero Rated (Export)



6%(Local Sales)
  • For Local Applicant's Account
RM53 flat for local LC with customer applicant
RM79.50 flat for local LC with non-customer applicant
  • For Foreign Applicant's account
USD50 flat for Foreign LC
6 Outward Bills for Collection-i
(OBC-i) Collection commission
0.106% flat , Min RM53 ,Max RM106 Zero Rated (Export)
6%(Local Sales)
7 Confirmed LC-i
Confirmation commission
Depending on the country/sovereign risk, the confirmation rate
will be charged between 0.1% to 0.2% per month or part thereof
  • SME customer:Min.RM100
  • Non SME Customer:Min.RM200



Zero Rated (Export)
8 Bank Guarantee-i (BG-i)
a. Issuance/ Renewal Commission
a. Issuance: 0.1325%, Min RM106 6%
b. Amendment (on tenor and amount) b. Amendment: 0.1325%, Min RM106
c. Other amendments c. RM53 flat per request
d. Handling (Service) Charges for non-standard format d. RM106 flat
e. Lost BG e. RM106 flat
f. Claims under BG Handling fee f. RM53 per claim
   (to be charged on applicant)
9 Over-the-Counter Bank Guarantee-i
(OTCBG-i)
a. Issuance


a. 1.59% per annum, Min RM106
6%
b. Renewal b. 1.59% per annum, Min RM106
c. Amendment (on tenor and amount) c. 1.59% per annum, Min RM106
d. Other amendments d. Min: RM53 flat per request
e. Lost BG e. RM106 flat
f. Handling Charges for non-standard format f. RM106 flat
g. Claims under BG Handling fee g. RM53 per claim (to be charged on applicant)
10 Over-The-Counter LC-i (OTCLC-i)
a. Issuance
0.106% per month or part thereof Min : RM159
(Min.USD50 or equivalent if charges are for account of foreign beneficiary)
6%
b. Amendment
  • Extension of validity date

0.106% per month Min : RM53 for 1st amendment.
Min : RM106 for subsequent amendment
(Min.USD25 or equivalent if charges are for account of foreign beneficiary)
  • Increase in amount
0.106% per month or part thereof for the incremental value Min : RM53 for 1st amendment.
Min : RM106 for subsequent amendment
(Min.USD25 or equivalent per request if charges are for account of foreign beneficiary)
  • Other amendments
Flat: RM53 for 1st amendment.
Flat: RM106 for subsequent amendment per request
c. Cancellation RM53 flat (exclusive of other miscellaneous charges e.g. swift charges)
d. Expired LC-i 0.106% per month or part thereof from LC-i expiry date to the
drawing date of the remaining outstanding balance amount
e. Overdrawn LC-i RM53 (Min. USD25 or equivalent if charges are for account of foreign beneficiary)
f. Discrepancy Fee
  • For documents presented under
    our LC-i flat(per presentation)

RM53 for RM denominated LC-i
  • Flat (per presentation)
Equivalent of USD53 for any other foreign currencies)
g. Inward Bills Acceptance Commission
  • 0.106% per month or part thereof on the usance tenor
  • Min. RM106
h. If charges are outside Malaysia they are
to be borne by applicant as stated in the LC-i terms and conditions
  • If LC-i in foreign currency, RM2,120 (flat)
  • If LC-i in RM, RM530 (flat)
11 Transferable LC-i
Transfer commission
a) Transfer of original LC
0.159% flat on the transfer amount Min RM318 (customer with facility)
Min RM530 (customer with no facility)
Zero rated (Export)
6% (Local Sales)
b) Transfer of amendment RM159 flat
c) Inwards Bills-LC / Usance LC IBC
Collection Commission
For Local 2nd Beneficiary
0.106% flat, Min RM53
Max RM106 for foreign currency
Max RM530 for RM

For Foreign 2nd Beneficiary
Flat USD53 or equivalent.
d) Payment Handling Fee to 2nd Beneficiary RM26.50 of equivalent of USD20 for any other foreign currencies

Note: To be borne by transferee or 2nd beneficiary and deducted from proceeds.
12 Flexible Trade Financing-i
a) Handling Fee

RM53 flat per transaction
6%
Zero Rated (Export)
13 Trade Bills Purchased-i
a) Commission

0.106% flat, Minimum RM53, Maximum RM106 for foreign currency , Maximum RM530 for RM.
6%
Zero Rated (Export)
14 Trade Bills Purchased-i Against LC
a) Negotiation Commission

0.106% flat, Minimum RM53, Maximum RM106 for foreign currency, Maximum RM530 for RM.
6%
Zero Rated (Export)
  b) Payment Fee ( Charged to For non-financing customer/non-customer/Beneficiary) USD53 as per currency bill or equivalent
15 General
a) Postage/Delivery Charges
  6% Zero Rated
      Local Party RM2.12
      Normal mail RM3.18
      Registered mail o Actual courier/transport charges plus RM5.30,
      Courier / hand delivery Min RM10.60
  b) Postage/Delivery Charges
 
      Foreign Party RM3
      Normal mail RM5
      Registered mail Actual courier/transport charges plus RM5,
      Courier / hand Min RM10
  c) Telex/SWIFT charges RM10.60 – RM84.80 (Depending on destination) 6% (Service based)
Zero Rated (Export)
  d) Fax charges per page RM2.12 – RM10.60 (Depending on destination)
  e) Rentas Cable Charge RM3.18