MAEF-i is a financing facility to finance the purchase of agricultural and manufacturing machineries, equipment or utility vehicles that are used directly or indirectly for the production, processing and marketing of agricultural or agro-based products. This product is based on the Bai ' Bithaman Ajil (BBA) and Murabahah transactions.
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Bai ' Bithaman Ajil refers to the sale and purchase agreement based on deferred payment at a certain price. Murabahah refers to a sale and purchase of an asset where the acquisition cost and the mark-up are disclosed to the purchaser.
Target Market
- Machinery and Equipment Operators
- Entrepreneurs in the manufacturing sector such as production, processing or marketing of agricultural or agro-based products
- Land Owners
- Farmers
Product Details
This product offers financing facility with features as follows:
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Type of Machinery/Equipment
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New/Recon Refers to machinery and equipment registered and used for the first time or machinery and equipment that has been restored and is registered in Malaysia for the first time |
Used Refers to machinery and equipment that has been previously registered and used in Malaysia. Age of machinery or equipment used must not exceed five (5) years |
| Financing Margin | Up to 90% of machinery or equipment cost. |
Up to 80% of machinery or equipment cost. |
| Tenure | Up to maximum of nine (9) years (108 months) | Up to maximum of nine (9) years (108 months) |
| Profit Rate | Minimum 7.00% | Minimum 10.00% |
Note :
Current Base Financing Rate (BFR) is 6.75% and will be determined by Agrobank from time to time
