QNA GROUP 4

What are the topic that we present just now?

• RISK OF PERSONAL FINANCING BANK RAKYAT VS BANK ISLAM

• RISK OF HOME FINANCING BANK RAKYAT VS BANK ISLAM

How many risks that we discuss through the presentation?

• 2

• 4

• 5

• 3

Bank Islam offers a lower profit rates for Personal Financing-i compared to Bank Rakyat

• TRUE

• FALSE

What are the maximum loan tenure for BANK RAKYAT?

• up to 10 years for public and private sectors

• up to 10 years for public sector only

• up to 11 years for public and private sectors
  

Longer repayment terms may result in cheaper monthly payments, but interest could accrue over time, increasing the overall payback amount.

• TRUE

• FALSE

What are some additional fees mentioned during the presentation that borrowers may incur when applying for a Personal Financing-i loan?

• Wakalah and stamp duty fees

• ATM and annual fees

• Foreign transaction fee

According to the presentation, what is the percentage of the total financing that both Bank Rakyat and Bank Islam charge for stamp duty?

• 0.05%

• 0.5%

• 5%

Choose 2 types of rates used by both banks (Bank Islam and Bank Rakyat)

• Floating Rate

• Flat Rate

• Tiered Rate

• Prime Rate

What the differences of compensation charge (ta'widh) between Bank Rakyat and Bank Islam?

• Using daily overnight Islamic Interbank Money Market (IIMM)

• Post Judgement Debt Rate

• 1% p.a. on the oustanding balance

What are the correct 4 risks that we discuss throughout the presentation?

• Debt Burden

• Compensation Charge for late repayment (Ta'widh)

• Contractual Terms

• Higher Interest Rates

• High Cost & Fees