1.
Define what is Credit.
2.
Once the facility is disbursed, the continuous effort by the IFIs as highlighted below is necessary to ensure that the financing remains good and paid as scheduled, except:
3.
Based on the following information and data collected during the Annual Credit Review, the account can be classified as:
I. Payment in arrears of 2 months
II. Debt Service Ratio: 100% or 1 x
III. Gearing Ratio : 6 x
IV. Current Economy Condition
4.
The following are the objective of monitoring and managing financing portfolio, expect:
5.
Impact of Rescheduling is as follows:
I. There is no change of aqad or existence of new aqad.
II. Extension of payment period result in reduction in unearned profit.
III. Rescheduling may prevent account becoming impaired.
IV. MRTT/MRTA may not cover period beyond maturity period but the exposure risk may be lower due to payments received throughout the financing period
6.
The scope of credit monitoring exercise in portfolio management covers the followings:
I. Monitor the customer's payment record and portfolio account conduct from the IFI's internal records.
II. Look out for early warning signal or 'Red Flags', observe for potential issues that can weaken the financing obligations, addressing the risk of default or risk of recovery in the near future.
III. Carry out, annually, the review of the customer's financial position and the conduct of the financing facilities during which the customer's risk profile is revisited together with any decision to grow/stay/exit with the customer.
IV. Assess and identify remedial actions in the form of alternative payment measures for impaired financing portfolios.
7.
You are given the following information on a firm as follows:
Existing Financing Amount (CMRF Before Restructuring)
| New Financing Amount (CMTF After Restructuring) |
Principal Outstanding (a) | RM80,000 | Previous Principal Outstanding (a ) | RM80,000 |
Non-Accrued Profit (Outstanding principal (a) x Profit Rate 3% p.a x Remaining Tenure) | RM6,665 | New Profit (Outstanding Principal (a) x Profit Rate 3% p.a x New Tenure) | RM7,936 |
Accrued Profit | RM380 | Non-Accrued Profit & / or Accrued Profit | RM380 |
Outstanding Financing | RM87,045 | New Outstanding Financing (Outstanding Principal (a) + New Profit + Non-Accrued Profit &/or Accrued Profit) | RM88,316 |
Under this circumstance, IFIs are required to grant Rebate (ibra’) for the Restructuring exercise.
As such, what would be the amount of Rebate (ibra’) is required for under the Restructuring exercise?
8.
Radin Book Store Sdn. Bhd. enjoys Commodity Murabahah Term Financing facility amounting RM80,000 but currently, experiencing difficulties in making payment due to tight cash flow.
Thus, the customer is in arrears of 3 months ( MIA 3 months) as follows:
Monthly Instalment = RM1,321
Month Unpaid = April, May & June 2023
As such, what would be the Total Late Payment Charges as Compensation (Ta’widh) before maturity:
9.
Currently, Selangor Corp. Sdn. Bhd. enjoys overdraft facility (CMRF) amounting RM1 million but currently, experiencing difficulties in making payment due to tight cash flow. Thus, the customer request for restructuring to Term Financing facility (CMTF). Illustration of the Calculation of Total Financing Being Restructured as follows:
Existing Financing Amount (CMRF Before Restructuring)
| New Financing Amount (CMTF After Restructuring) |
Principal Outstanding (a) | RM50,000 | Previous Principal Outstanding (a ) | RM50,000 |
Non-Accrued Profit (Outstanding principal (a) x Profit Rate 3% p.a x Remaining Tenure) | RM6,665 | New Profit (Outstanding Principal (a) x Profit Rate 3% p.a x New Tenure) | RM7,936 |
Accrued Profit | RM380 | Non-Accrued Profit & / or Accrued Profit | RM..... |
Outstanding Financing | RM57,045 | New Outstanding Financing (Outstanding Principal (a) + New Profit + Non-Accrued Profit &/or Accrued Profit) | RM..... |
Under this circumstance, IFIs are required to grant Rebate (ibra’) for the Restructuring exercise.
As such, what would be the amount of Rebate (ibra’) is required for under the Restructuring exercise?