Hartani-i provides financing facilities to the Government Servant or Private Sector Employees and Stable Income Earners for the purpose to purchase agricultural land.

Purchase of land includes directly purchase from the vendor or through public auction or purchase of land that will be or have been auctioned by Bank Pertanian Malaysia Berhad (Agrobank).

The Bank will only consider the financing if the land to be purchased has the individual title or the land has been sub-divided and/or the land which individual title is to be issued.

Shariah Concept applied:-

• A Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis. Through this financing, the Bank will buy the commodity (a prepaid credit or any other commodity as advised by the commodity) from the Commodity Broker at cost price (based on the financing amount). Subsequently, the Bank sells the commodity to the Customer at cost plus profit (Murabahah) on deferred payment. Next, the Customer appoints the Bank as an agent (Wakalah) to sell the commodity at cost price in cash to a third party, on a cash basis. Proceeds of the sale will be credited to the Customer’s account as the financing amount required by the Customer. Commodity applies for Tawarruq transaction is subject to the Commodity Broker.