APPENDIX TWO

PRODUCT DISCLOSURE SHEET

Please read and understand this Product

Disclosure Sheet governing the BizMula-i before BIZMULA-i
you decide to take up this product.

(It is advisable that you seek independent advice

from any third party should you require further
clarification on any of the terms and conditions
governing this product)
Date: ___________________

[to be filled in by Branch Officer]

1. What is this product about?

The BizMula-i (“BMi”) is a type of medium to long term financing made available by Credit Guarantee Corporation
Malaysia Berhad (“CGC”).

2. What is the eligible financing purposes for this product?

The financing purposes of BMi shall only be for:
 Working capital and/ or
 Acquisition of assets for the business concerned

3. What is the applicable Shariah concept?

The Shariah principle applies for BMi is Commodity Murabahah. The Commodity Murabahah concept refers to the
trading with three stages of transactions. At the first stage, CGC will purchase the commodity (Crude Palm Oil)
(“Commodity”) from the commodity sellers through the trading for the value equivalent to the approved facility amount.
The second stage is where after taking ownership of the asset, CGC will sell the asset to the Applicant at cost plus
profit. At the third stage, CGC will act on behalf of the Applicant as an agent to sell the Commodity to the commodity
buyers through the trading platform in order to obtain the proceeds from the sale of the Commodity, which will be later
credited to Applicant’s account as the facility amount.

Key features of the BMi Commodity Murabahah concept are as follows:

i. CGC will purchase the Commodity through the trading platform from commodity seller A at the cost price
(“Purchase Price”).
ii. Upon CGC taking ownership of the Commodity, CGC will sell the same commodity to the Applicant at the markup
price (Murabahah) at deferred. Thus Applicant is required to pay to CGC the monthly instalment of the selling price
payable on a deferred term until maturity of tenure.
iii. CGC will obtain acceptance confirmation from Applicant for CGC to act as an agent to sell the Commodity through
the trading platform to commodity buyer B at the Applicant Purchase Price.

4. What is the Aqad and what is expected of me?

The Aqad is a contract which refers to an agreement between two persons, which is legally binding and which has
consequences upon the subject of contract. In the Commodity Murabahah it refers to an arrangement that involves
sale of an asset to the purchaser on a deferred basis and subsequent sale of the asset to a third party on a cash basis
to obtain cash .
i. CGC will contact the Applicant via telephone communication to communicate its offer to sell the Commodity to the
Applicant based on the terms and conditions stipulated in the Application Form.

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 APPENDIX TWO

ii. Upon the Applicant’s acceptance to purchase the Commodity, the Applicant will then appoint CGC as its agent to
sell the Commodity to the third party in order to obtain the proceeds (cash) from the sale of the Commodity which
will later be credited to Applicant’s account. The Applicant is required to sign the Aqad Notification Letter and return
it to CGC for record purpose in writing via e-mail or facsimile.

5. What do I get from this product?

Term Financing facility with key features as follows:
 Facility Amount : RM50,000 – RM300,000
 Tenure : Maximum of 7 years
 Profit Rate : BFR+0.3% - BFR+1.65% p.a. (based on prevailing Maybank Islamic BFR: 6.60%)
 Monthly Installment Amount: Refer to Illustration of BMi monthly payment amount (page 6 of product disclosure
sheet)

6. What are the fees and charges I have to pay?

i. Stamp Duties

Formula as per the Stamp Duty Act 1949 (Revised

1989) ii.
0.5/100 x Financing amount

ii. Disbursement Fees

Include fees for winding-up, bankruptcy and company searches.

Searches Fees (RM)

Winding-up search 12

Bankruptcy search 12

Company search 13

iii. Legal Fees ( Formula as per the Solicitor’s Remuneration Order 2005)

Amount secured or financed Scale of Fees

For the first RM150,000 1.0% (subject to a minimum fee of RM300)

For the next RM850,000 0.7%

Financing Amount Scale of Legal Fees

From RM10,000 to RM150,000 RM300 to RM1,500

From RM150,001 to RM300,000 RM1,500 to RM2,550

iv. Commodity Murabahah trading fees

RM30 per trade.

v. Aqad stamp duty

RM10

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 APPENDIX TWO

For illustration purpose only, whereby the final fees and charges may differ.

Formula: Fees and charges ≈ Stamp duties + Legal fees + Commodity Murabahah trading fees + Aqad stamp
duty + [Disbursement fees (variable)]
E.g.

a. Financing amount – RM100,000 (3 company directors/ 3 partners)

Fees and charges ≈ 0.5% (RM100,000) + 1% (RM100,000) + RM30 + RM10 + [RM12 + 3(RM12) +
RM13]
≈ RM1,601

b. Financing amount – RM300,000 (3 company directors/ 3 partners)

Fees and charges ≈ 0.5% (RM300,000) + 0.7% (RM300,000) + RM30 + RM10 + [RM12 + 3(RM12)
+ RM13]
≈ RM3,701

7. What is the consequence for failure to fulfill my obligations?

In the event of the delay in the installment payment or default by the customer, CGC shall be compensated from
any default payment, from the date of payment until the maturity date and the compensation charge shall not be
more than 1% per annum or any other rate as stipulated by Bank Negara Malaysia (BNM) in the "Guideline on
Late Payment Charges for Islamic Banking Institutions" from time to time.

8. What are the risks involved?

The profit rate shall rely on the prevailing Maybank Islamic Base Financing Rate (BFR) at the time of Applicant
acceptance to the financing terms.

9. What do I need to do if there are changes to my contact details?

 It is important that you inform the CGC of any changes to your contact details to ensure that all future
correspondences reach you in a timely manner.
 You may inform the CGC of such changes via CGC nationwide branches.
 Alternatively, you may communicate any changes of your contact details by writing to:
Assistant Vice President,
Customer Service Centre,
Level 2, Bangunan CGC,
Kelana Business Centre,
97, Jalan SS7/2, 47301
Petaling Jaya, Selangor Darul Ehsan.

10. Where can I get further information?

Should you require additional information on BMi, you may seek the required information via the following
channels:
 Visit our website at www.cgc.com.my
 Visit the nearest Credit Guarantee Corporation Malaysia Berhad branch office
 Call our Client Service Centre at 03-7880 0088

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 APPENDIX TWO

The following documents are required for the purpose of the application of this Facility. Please provide accompanying
documentation based on the type of Applicant.

MANDATORY DOCUMENTS
Individual Sole Partnership Limited Liability Private Limited Company
Proprietorship Partnership

1. Certified true copy 1. CTC of 1. CTC of Partner’s 1. CTC of Partner’s 1. Certificate of

(“CTC”) of Applicant’s identity card(for identity card(for IC Incorporation;
Applicant’s identity card(for IC that is verified that is verified via 2. Memorandum and Articles
identity card(for IC that is via bio- bio-metric/thumb of Association of the
IC that is verified verified via bio- metric/thumb print, CTC not Customer;
via bio- metric/thumb print, CTC not required); 3. latest Form 24, Form 44
metric/thumb print, CTC not required); 2. Business and Form 49 of the
print, CTC is not required); 2. Business registration Applicant;
required); 2. Business registration documents 4. CTC of Director’s identity
2. License from registration documents card(for IC that is verified
other authoritative documents; via bio-metric/thumb print,
bodies i.e. Local
CTC not required)
council, CIDB,
PKK, PDRM
(where
applicable);

SUPPORTING DOCUMENTS (IF ANY / WHERE APPLICABLE) - OPTIONAL BASIS

Individual Sole Partnership Limited Liability Private Limited Company
Proprietorship Partnership

1. Latest 3 months 1. Latest 6 months 1. Latest 6 months 1. Latest 6 months 1. The resolution of the
salary slip; bank statement; bank statement; bank statement; Board of Directors of the
2. Latest 6 months 2. CTC of FD/ 2. CTC of FD/ 2. Latest 3 months Customer authorizing the
bank statements; ASN/ ASB ASN/ ASB handphone/teleph application of the facility;
3. CTC of FD/ ASN/ certificates (if 6 certificates (if 6 one statement; 2. CTC of tenancy
ASB certificates months bank months bank 3. Partnership agreement for the
(if 6 months bank statements is statements is agreement; business premise or copy
statements is unavailable); unavailable); 4. License from other of latest utility bill for the
unavailable); 3. Latest 3 months 3. Latest 3 months authoritative business premise (where
4. Latest income tax handphone/telep handphone/telep bodies i.e. Local applicable);
return form (Form hone statement; hone statement; council, CIDB, 3. List of projects/contract in
B/BE) or EA form 4. CTC of tenancy 4. Partnership PKK, PDRM; hand (applicable only to
or latest EPF agreement for agreement; 5. CTC of tenancy applicant involved in
statement not the business 5. License from agreement for the construction or project
exceeding 12 premise or copy other business premise based businesses);
months old; and of latest utility bill authoritative or copy of latest 4. List of major suppliers;
5. Latest 3 months for the business bodies i.e. Local utility bill for the 5. List of major customers;
handphone/teleph premise; council, CIDB, business premise; 6. Certified True Copy:
one statement; 5. CTC of Audited PKK, PDRM; 6. CTC of Audited Ageing Report Debtors
Financial 6. CTC of tenancy Financial and Creditors;
Statement aged agreement for Statement aged
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 APPENDIX TWO

6. Other relevant not more than the business not more than 15 7. Letter of Offer for existing
supportive 15 months from premise or copy months from the business loans;
documents. the date of of latest utility bill date of application 8. Simple location map;
application for the business received; 9. Business plan /
received; premise; 7. List of projections;
6. List of 7. CTC of Audited projects/contract in 10. Latest 6 months bank
projects/contract Financial hand (applicable statement;
in hand Statement aged only to applicant 11. Latest 3 months
(applicable only not more than involved in handphone/telephone
to applicant 15 months from construction or statement (if any);
involved in the date of project based 12. CTC of Audited Financial
construction or application businesses); Statement aged not more
project based received; 8. List of major than 15 months from the
businesses); 8. List of suppliers; date of application
7. List of major projects/contract 9. List of major received;
suppliers; in hand customers; 13. In the event Audited
8. List of major (applicable only 10. Certified True Account is aged more
customers; to applicant Copy: Ageing than 15 months, financial
9. Certified True involved in Report Debtors should be based on Draft
Copy: Ageing construction or and Creditors; Account of the latest
Report Debtors project based 11. Letter of Offer for financial year end. Latest
and Creditors; businesses); existing business Draft Account should not
10. Letter of Offer 9. List of major loans; be aged more than 6
for existing suppliers; 12. Simple location months from the date of
business loans; 10. List of major map; application received. In
11. Simple location customers; 13. Business plan / the event Financial
map; 11. Letter of Offer for projections; and Statement is not
12. Business plan / existing 14. Other relevant available, to furnish
projections; and business loans; supportive projected cash flow for
13. Other relevant 12. Simple location documents. next 3 years; and
supportive map; 14. Other relevant supportive
documents. 13. Business plan / documents.
projections; and
14. Other relevant
supportive
documents .

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The information provided in this disclosure sheet is valid as at 5 May 2014
ILLUSTRATION OF BIZMULA-i MONTHLY INSTALLMENT PAYMENT AMOUNT

(Min: 6.90% profit rate per annum, Max: 8.25% profit rate per annum based on the prevailing Maybank Islamic BFR of 6.6%)

* The above table illustrates the guided minimum and maximum monthly installment payment amount.

* The confirmed monthly installment payment amount is determined and dependent on credit assessment conducted by CED.

* The above monthly installment payment amount shall be rounded up to the nearest Ringgit, and the last payment amount shall be adjusted accordingly to
not exceed the total selling price.

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The information provided in this disclosure sheet is valid as at 5 May 2014