The bank charges, fees and commissions for services provided by Bank Muamalat Malaysia Berhad
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Issuance of LC | ||
| a. Irrevocable LC | Commission | As spelt out in the Letter of Offer
Minimum RM 100.00 | |
| Handling Charges - for LC issuance free of commission | RM 100.00 | ||
| b. Special Credit (Standby, Transferable, Back to Back, Revolving, Red Clause) (As spelt out in the Letter of Offer) | Commission | Minimum RM 250.00 | |
| c. Handling Charges for each OLC issuance | Handling Charges | RM 100.00 | |
| 2 | Amendments of LC | ||
| a. Increase Amount (As spelt out in the Letter of Offer) | Commission | Minimum RM 50.00 | |
| b. Validity Date Extended (As spelt out in the Letter of Offer) | Commission | Minimum RM 50.00 | |
| c. Other Amendment/s | Commission | RM 100.00 | |
| d. Handling Charges for each OLC Amendment | Handling Charges | RM 100.00 | |
| 3 | Usance Bill Under LC (Acceptance Process) Note: As spelt out in the Letter of Offer, from expiry date of LC to the expiry date of the usance bill. | Commission | Minimum RM 50.00 |
| 4 | Advising own LC direct to Beneficiary | Commission | For Beneficiary's Account:
For Applicant's Account: |
| Handling Charges | RM 100.00 | ||
| 5 | Direct presentation of LC documents from beneficiary | Commission | 0.1% from presentation amount
Minimum RM 50.00 Maximum RM 100.00 |
| Checking Fee | RM 100.00 | ||
| 6 | Agent’s Charges on LC Negotiation | Agent Charges | Actual charges claimed by agent |
| 7 | Discrepancy fee (less from proceeds) | Handling Charges | RM100.00 (for local LC) USD100.00 or USD equivalent (for foreign LC) |
| 8 | Drawing After Expiry Date (less from proceeds) | Handling Charges | 0.1% per month on the drawing amount from the expiry date to the date of receipt of documents, Minimum equivalent of RM100.00 |
| 9 | Overdrawn/Drawing Exceeds LC Amount (less from proceeds) | Handling Charges | 0.1% per month on the overdrawn amount from the LC issue date to the date of receipt of documents; Minimum equivalent of RM100.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Advising & Advising of Amendment | Commission | For Beneficiary's Account:
For Applicant's Account: |
| Handling Charges | RM 100.00 | ||
| 2 | Adding Confirmation (Sight and Usance LC) | Confirmation Commission | 0.125% per month on LC
Value up to LC Expiry Date; OR Rate advised by Correspondent Banking (Whichever Is higher) Minimum RM 100.00 |
| Handling Charges | RM 100.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Advice of Transfer (Partial & full) | Commission | 0.15% to 0.2% on LC transferred amount;
|
| 2 | Amendment | ||
| a. Amount Increase | Commission | 0.2% per month on increased amount,
Minimum RM 100.00 | |
| b. Validity Date Extended | Commission | 0.2% per month on increased amount,
Minimum RM 100.00 | |
| c. Other Amendments | Commission | RM 100.00 | |
| 3 | Document Handling under Transferred LC | Handling Charges | RM 100.00 |
| 4 | Document Checking Fee | Checking Fee | RM 100.00 |
| Transaction | Standard Pricing (Amount) | ||
|---|---|---|---|
| 1 | SG under LC | ||
| a. Issuance of SG | Commission | As spelt out in the Letter of Offer; OR 0.1% of SG amount per month; Minimum RM100.00 | |
| Handling Fee | RM100.00 | ||
| b. Non return of SG after expiry (a month after date of issuance) | Commission | 0.5% per annum of SG amount for consecutive 3 months; And 1% per annum for subsequent months until return. Minimum RM 100.00 | |
| 2 | SG not under LC | ||
| a. Issuance of SG | Commission | 0.15% flat of SG amount,
Minimum RM 150.00 | |
| Handling Charges | RM 100.00 | ||
| b. Non return of SG after expiry (a month after date of issuance. | Commission | 0.5% per annum of SG amount for consecutive 3 months; And 1% per annum for subsequent months until return. Minimum RM 100.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Bank Guarantee under Facility | ||
| 1.1 Issuance of BG | Commission | Total amount derived from the rate spelt out in Letter of Offer;
Minimum RM 100.00 | |
| 1.2 Renewal of BG | Commission | Total amount derived from the rate spelt out in Letter of Offer;
Minimum RM 100.00 | |
| 1.3 Handling Charges on each BG issuance/renewal | Handling Charges | RM 100.00 | |
| 1.4 Amendment of BG | |||
| a) Amount Increase | Commission | Total amount derived from the rate spelt out in Letter of Offer;
OR 0.1% to 0.15% per month on BG amount and period extended (inclusive of claim period), Minimum RM 100.00 | |
| b) Validity Date Extended | Commission | Total amount derived from the rate spelt out in Letter of Offer;
OR 0.1% to 0.15% per month on BG amount and period extended (inclusive of claim period), Minimum RM 100.00 | |
| c) Other Amendments | Commission | RM 100.00 | |
| d) Handling Charges on each BG amendment | Commission | RM 100.00 | |
| 2 | Bank Guarantee under 100% Cash Margin (FSBG) | ||
| 2.1 Issuance of BG | Commission | Actual amount derived (based on rate of commission on the approval of Letter of Offer);
Minimum RM200.00 | |
| 2.2 Renewal of BG | Commission | Actual amount derived (based on rate of commission on the approval of Letter of Offer);
Minimum RM 200.00 | |
| 2.3 Handling charges under each BG issuance/ renewal | Handling Charges | RM 100.00 | |
| 3 | Amendment of BG | ||
| 3.1 Amount Increase | Commission | 0.15% per month on BG amount and period extended (inclusive of claim period)
Minimum RM 200.00 | |
| 3.2 Validity Date Extended | Commission | 0.15% per month on BG amount and period extended (inclusive of claim period)
Minimum RM 200.00 | |
| 3.3 Other Amendments | Commission | RM 100.00 | |
| 3.4 Handling Charges on each BG amendment | Handling Charges | RM 100.00 | |
| 4 | Vetting Charges (for non-standard format) | Commission | RM 100.00 |
| 5 | Bank Guarantee Claim Fees | Commission | RM 150.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Creation of IBC | ||
| Commission | MYR bill/ local
0.1% of invoice value; Minimum RM50.00; Maximum RM500.00 Foreign bill 0.1% of invoice value; Minimum RM 50.00; Maximum RM 100.00 | ||
| Handling Charges | RM 100.00 | ||
| 2 | Document Release Free of Payment | ||
| a. Handling Charges | Handling Charges | RM100.00 | |
| b. Cable / SWIFT | Charges | RM 50.00 | |
| c. Mailing | Handling Charges | Postage charges:
RM10.00 OR Courier charges: Peninsular Malaysia RM30.00 Sabah & Sarawak : RM50.00 OR International Courier: As per DHL/ABX rate Minimum RM 100.00 | |
| 3 | Document Redirect to Other Bank | ||
| a. Commission | Commission | MYR bill/ local
0.1% of invoice value; Minimum RM50.00; Maximum RM500.00 Foreign bill 0.1% of invoice value; Minimum RM50.00; Maximum RM100.00 | |
| b. Handling Charges | Handling Charges | RM 100.00 | |
| c. Mailing | Handling Charges | Postage charges:
RM10.00 OR Courier charges: Peninsular Malaysia RM30.00 Sabah & Sarawak : RM50.00 OR International Courier: As per DHL/ABX rate Minimum RM 100.00 | |
| 4 | Dishonored Bill | ||
| a. Handling Charges | Handling Charges | RM 100.00 | |
| b. Cable / SWIFT | Charges | RM 50.00 | |
| c. Mailing | Handling Charges | Postage charges:
RM10.00 OR Courier charges: Peninsular Malaysia RM30.00 Sabah & Sarawak : RM50.00 OR International Courier: As per DHL/ABX rate Minimum RM 100.00 | |
| 5 | Protest Bill | Handling Charges | RM 250.00 plus actual legal expenses |
| 6 | Representation | Handling Charges | RM 100.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Creation of Bill | ||
| Commission | MYR bill/ local
0.1% of invoice value; Minimum RM50.00; Maximum RM500.00 Foreign bill 0.1% of invoice value; Minimum RM 50.00; Maximum RM 100.00 | ||
| Handling Charges | RM 100.00 | ||
| 2 | Document Release Free of Payment | ||
| a. Handling Charges | Handling Charges | RM100.00 | |
| b. Cable / SWIFT | Charges | RM 50.00 | |
| 3 | Document Redirect to Another Bank | ||
| a. Handling Charges | Handling Charges | RM 100.00 | |
| b. Cable / SWIFT | Charges | RM 50.00 | |
| 4 | Dishonored Bill | ||
| a. Handling Charges | Handling Charges | RM 100.00 | |
| b. Cable / SWIFT | Charges | RM 50.00 | |
| 5 | Protest Bill | Handling charges | RM 250.00 excluding legal expenses |
| 6 | Representation | Handling charges | RM 100.00 |
| 7 | Checking Fee for Document Drawn under LC | Checking Fee | RM 100.00 |
| 8 | Assignment of Proceeds | Handling charges | 0.1% of assigned amount Minimun RM 200.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Creation of Bill Purchased | ||
| a. Domestic Bill Purchased | Profit Rate | As spelt out in the Letter of Offer | |
| Commission | 0.1% of invoice value; Minimum RM 100.00 Maximum RM 500.00 | ||
| b. Foreign Bill Purchased | Funding Rate | COF (as determined by Treasury) + spread (as spelt out in the Letter of Offer) | |
| c. Handling Charges for each bill issued | Handling Charges | RM 100.00 |
| Transaction | Type Of Charges | Standard Pricing (Amount) | |
|---|---|---|---|
| 1 | Reproducing of Statement, Debit/Credit Advices | Handling Charges | RM 10.00 per request |
| 2 | Endorsement of Bill of Lading or Airway Bill | Handling Charges | RM 100.00 |
| 3 | Mailing | ||
| a. Postage | Handling Charges | RM 10.00 | |
| b. Courier | Handling Charges | ||
| c. International Courier | Handling Charges | As per DHL/ABX rate
Minimum RM100.00 | |
| 4 | Cable / SWIFT | ||
| a. LC issuance & amendment | Charges | RM 50.00 (Local LC)
RM 100.00 (Foreign LC) | |
| b. BG issuance & amendment | Charges | RM 50.00 (Local LC)
RM 100.00 (Foreign LC) | |
| c. FOT Charges (less from proceeds) | Charges | USD50.00
OR MYR equivalent | |
| d. RENTAS | Charges | RM 10.00 | |
| e. IBG | Charges | RM 5.00 | |
| f. Others (other than above) | Charges | RM 50.00 | |
| 5 | Accepted Bills – Islamic (Purchase/Sales) | Funding Rate | Based on money market rate for the specified tenor – determined by Treasury |
| Acceptance Commission | Actual amount derived (based on rate of commission on the approval of Letter of Offer) | ||
| 6 | Accepted Bills – Islamic (Import/Export) | Funding Rate | Based on money market rate for the specified tenor – determined by Treasury |
| Acceptance Commission | Actual amount derived (based on rate of commission on the approval of Letter of Offer) | ||
| 7 | Murabahah Working Capital Financing (MWCF) (Domestic/Foreign) | Profit Rate | As spelt out in the Letter of Offer |
| 8 | Bai Al Dayn Working Capital Financing (BWCF) (Domestic/Foreign) | Profit Rate | As spelt out in the Letter of Offer |
| 9 | Foreign Currency Trade Financing (Import/Export) | Funding Rate | COF (as determined by Treasury) + spread (as spelt out in the Letter of Offer) |
| Commission | Actual amount derived (based on rate of commission on the approval of Letter of Offer) | ||
| 10 | Direct Presentation of Documents
(not under LC or Collection) | Commission | MYR & Foreign Bill:
0.1% of amount financed; Minimum RM 50.00; Maximum RM 500.00 |
| Handling Charges | RM 100.00 | ||
| 11 | Handling of Volumeness Documents (Bunching of Invoices and Multiple Payments exceeding 5 invoices and 5 payments per transaction) | Handling Charges | RM 100.00 |
| 12 | Overdue Bills | ||
| a. Compensation for Late Payment (Ta'widh)
Note: Late Payment Compensation is not compounded. | Compensation Charges | At Islamic Money Market Rate (IMMR) on the number of days | |
| b. Handling Charges of Overdue Bill | Handling Charges | RM 100.00 |
| Transaction | Type Of Charges | Amount | |
|---|---|---|---|
| 1 | Bank Guarantee | Stamp Duty | RM 10.00 |
| 2 | Shipping Guarantee | Stamp Duty | RM 10.00 |
| 3 | Documentary Credit (parcel/courier receipt) | Stamp Duty | RM 10.00 |
| 4 | BL / AWB Endorsement | Stamp Duty | RM 10.00 |
| 5 | Fax Application | Stamp Duty | RM 10.00 |
| Transaction | Type Of Charges | Amount | |
|---|---|---|---|
| 1 | Letter of Credit | Stamp Duty | RM 10.00 |
| 2 | Letter of Hypothecation | Stamp Duty | RM 10.00 |
| 3 | LC Murabahah Contract Note | Stamp Duty | RM 10.00 |
| 4 | Al Murabahah Contract Note | Stamp Duty | RM 10.00 |
| 5 | Murabahah Working Capital Financing Letter | Stamp Duty | RM 10.00 |
| 6 | Bai Al Dayn Contract Note | Stamp Duty | RM 10.00 |
| 7 | Shipping Guarantee | Stamp Duty | RM 10.00 |
| 8 | Letter of Authorization (Bank Guarantee) | Stamp Duty | RM 10.00 |
| 9 | Original Bank Guarantee | Stamp Duty | RM 10.00 |
Notice on Revision of Terms & Conditions for Debit Card-i and Cardholder Agreement for Credit Card-i