Bank Muamalat 1Malaysia
 
   
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Fees and Charges
Gratuity Financing for Civilian

Goods and Services Tax (GST) - Effective 1 April 2015

The information provided below is exclusive of GST.
Please be informed that with effect from 1 April 2015, the bank’s charges, fees and commissions will be subject to GST where applicable.


Trade Finance

Outward Documentary Credit
Transaction
Type Of Charges
Amount
1) Issuance of LC
   
     i) Irrevocable DC
Commission (Domestic LC)
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
Commission (Foreign LC where goods are for Malaysian market)
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
Commission (Foreign LC where goods are for exports/merchanting trade)

Total amount derived from the rate spelt out in Letter of Offer;
Minimum RM50.00

Handling Charges - for LC issuance free of commission (Domestic LC)
RM53.00
Handling Charges - for LC issuance free of commission  (Foreign LC where goods are for Malaysian market)
RM53.00
Handling Charges - for LC issuance free of commission (Foreign LC where goods are for exports/merchanting trade)
RM50.00 flat
     ii) Special Credit (Standby,          Transferable, Back to Back,          Revolving, Red Clause
Commission (Domestic LC)
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM212.00
Commission foreign LC where goods are for Malaysian market)
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM212.00
Commission (Foreign LC where goods are for exports/ merchanting trade)

As spelt out in the Letter of Offer;

Minimum RM200.00
     Amendments of LC
   
     a) Amount Increase (Domestic LC)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     b) Amount Increase (Foreign LC where
         goods are for Malaysian market)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     c) Amount Increase (Foreign LC where
         goods are for exports/merchanting
         trade)
Commission

As spelt out in the Letter of Offer; Minimum RM50.00

     d) Validity Date Extended
         (Domestic LC)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     e) Validity Date Extended (Foreign LC
         where goods are for Malaysian
         market)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     f) Validity Date Extended (Foreign LC
         where goods are for exports /
         merchanting trade)
Commission

As spelt out in the Letter of Offer; Minimum RM50.00

     g) Other Amendments (Domestic LC)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     h) Other Amendments (Foreign LC
         where goods are for Malaysian
         market)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     i) Other Amendments (Foreign LC
         where goods are for exports/
         merchanting trade)
Commission

As spelt out in the Letter of Offer; Minimum RM50.00

     a) Usance Bill Under LC (Domestic LC)
Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
     b) Usance Bill Under LC (Foreign LC
         where goods are for Malaysian
         market)

Commission
Total amount derived from the rate spelt out in Letter of Offer plus 6% GST; Minimum RM53.00
    c) Usance Bill Under LC (Foreign LC
         where goods are for exports/
         merchanting trade)

Commission

As spelt out in the Letter of Offer; Minimum RM50.00

     a) Advising own LC direct to
         Beneficiary (Domestic LC)

Commission

RM 53.00

     b) Advising own LC direct to
         Beneficiary (Foreign LC where
         goods are for Malaysian market)

Commission

As spelt out in the Letter of Offer; Minimum RM53.00

    c) Advising own LC direct to
         Beneficiary (Foreign LC where
         goods are for exports/merchanting
         trade)

Commission

As spelt out in the Letter of Offer; Minimum RM50.00

     a) Direct presentation of LC
         documents from beneficiary
         (Domestic LC)

Commission

Minimum RM53.00
Maximum RM106.00

Checking Fee

RM53.00

     b) Direct presentation of LC
         documents from beneficiary
         (Foreign LC where goods are for
         Malaysian market)

Commission

Minimum RM53.00
Maximum RM106.00

Checking Fee

RM53.00

    c) Direct presentation of LC
         documents from beneficiary
         (Foreign LC where goods are for
         exports / merchanting trade)

Commission

0.1% from presentation amount;
Minimum RM50.00
Maximum RM100.00

Checking Fee

RM 50.00

Agent’s Charges on LC Negotiation
(Domestic & Foreign)

Agent Charges

Actual charges claimed by agent

     a) Discrepancy fee (less  from
         proceeds) (Domestic LC)

Handling Charges

RM 53.00

     b) Discrepancy fee (less  from
         proceeds) (Foreign LC where goods
         are for Malaysian market)

Handling Charges

USD50.00 or equivalent

    c) Discrepancy fee (less  from
         proceeds) (Foreign LC where goods          are for exports/merchanting trade)

Handling Charges

USD50 or equivalent (for foreign LC)

     a) Drawing After Expiry Date (less
         from proceeds) (Domestic LC)

Handling Charges
Sum of actual amount derived plus 6% GST
     b) Drawing Exceeds LC Amount (less
         from proceeds) (Foreign LC where
         goods are for Malaysian market)

Handling Charges
Minimum equivalent of RM106.00
    c) Drawing Exceeds LC Amount (less
         from proceeds) (Foreign LC where
         goods are for exports/ merchanting
         trade)

Handling Charges
Minimum equivalent of RM100
     a) Commission in lieu of Forex
         (Without conversion to Ringgit)
         (Foreign LC where goods are for
         Malaysian market)

Commission

Minimum RM106.00
Maximum RM530.00

     b) Commission in lieu of Forex
         (Without conversion to Ringgit)
         (Foreign LC where goods are for
         exports/merchanting trade)

Commission

0.1% of invoice value;
Minimum RM100.00
Maximum RM500.00

     a) Reproducing of Statement,
         Debit/Credit Advices (Domestic LC)

Handling Charges

RM5.30 per request

     b) Reproducing of Statement,
         Debit/Credit Advices (Foreign LC
         where goods are for Malaysian
         market)

Handling Charges

RM5.30 per request

    c) Reproducing of Statement,
         Debit/Credit Advices (Foreign LC
         where goods are for
         exports/merchanting trade)

Handling Charges

RM5.30 per request

 Cable / SWIFT
   
a) LC issuance & amendment
     (Domestic LC)
Charges

RM 63.60

b) LC issuance & amendment (Foreign
     LC where goods are for Malaysian
     market)
Charges

RM 63.60

c) LC issuance & amendment (Foreign
     LC where goods are for
     exports/merchanting trade)
Charges

RM 60.00

d) FOT Charges (less from  proceeds)
     (Foreign LC where goods are for
     Malaysian market)
Charges

USD21.20
OR
RM 74.20 equivalent

e) FOT Charges (less from  proceeds)
     (Foreign LC where goods are for
     exports/ merchanting trade)
Charges

USD20.00
OR
RM 70.00 equivalent

f) RENTAS (Domestic LC)
Charges

RM 5.30

g) Others (Domestic LC)
Charges

RM 31.80

h) Others (Foreign LC where goods are
     for Malaysian market)
Charges

RM 31.80

i) Others (Foreign LC where goods are for
     exports/ merchanting trade)
Charges

RM 30.00

Note: Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Inward Letter of Credit

Transaction
Type Of Charges
Amount
     a) Advising own LC direct to
         Beneficiary (Domestic LC)

Commission

RM53.00

     b) Advising own LC direct to
         Beneficiary (Foreign LC where
         goods are for Malaysian market)

Commission

RM50.00

    c) Advising own LC direct to
         Beneficiary (Foreign LC where
         goods are for exports/merchanting
         trade)

Commission

RM50.00

     a) Adding Confirmation  (Foreign LC
         where goods are for Malaysian
         market)

Confirmation Commission

Sum of actual amount derived plus 6% GST; Minimum USD106.00

     b) Adding Confirmation (Foreign LC
         where goods are for
         exports/merchanting trade)

Confirmation Commission

Between 0.15% to 0.2% per month depending on the country/ sovereign risk; Minimum USD100.00

     a) Usance LC Confirmed (Foreign LC
         where goods are for Malaysian
         market)

Commission

Sum of actual amount derived plus 6% GST;  Minimum USD106

     b) Usance LC Confirmed (Foreign LC
         where goods are for exports/
         merchanting trade)

Commission

Additional 0.15% to 0.2% per month depending on the country/sovereign risk; Minimum USD100.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Inward Transferable LC (Charges for Transferring LC)

Transaction
Type Of Charges
Amount
     a) Advice of Transfer Domestic LC
Commission

Sum of the actual amount derived plus 6% GST; Minimum RM212.00

     b) Advice of Transfer (Foreign LC
         where goods are for Malaysian
         market)

Commission

Sum of the actual amount derived plus 6% GST; Minimum RM212.00

    c) Advice of Transfer (Foreign LC
         where goods are for exports/
         merchanting trade)

Commission

Between 0.15% to 0.2% on LC transferred amount; Minimum RM200.00

     a) Amendment to Transferred LC
Commission

RM106.00

     b) Amendment to Transferred LC
         (Foreign LC where goods are for
        
Malaysian market)

Commission

RM106.00

     c) Amendment to Transferred LC
         (Foreign LC where goods are for
         exports/merchanting trade)

Commission

RM100.00

     a) Document Handling under
         Transferred LC (Domestic LC)

Handling Charges

RM106.00

     b) Document Handling under
         Transferred LC (Foreign LC where
         goods are for Malaysian market)

Handling Charges

RM106.00

     c) Document Handling under
         Transferred LC (Foreign LC where
         goods are for exports/merchanting
         trade)

Handling Charges

RM100.00

     a) Document Checking Fee
         (Domestic LC)

Handling Charges

RM53.00

     b) Document Checking Fee (Foreign
         LC where goods are for Malaysian
         market)

Handling Charges

RM53.00

     c) Document Checking Fee (Foreign
         LC where goods are for exports/
         merchanting trade)

Handling Charges

RM50.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Shipping Guarantee (SG)

Transaction
Type Of Charges
Amount
SG under LC
   
     a) Issuance of SG)
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     b) Non return of SG after 3 months
         from the date of issuance.

Commission

Sum of actual amount derived plus 6% GST

SG not under LC
   
     a) Issuance of SG
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     b) Non return of SG after 3 months
         from the date of issuance.

Commission

Sum of actual amount derived plus 6% GST

Endorsement of Bill of Lading or Airway Bill {include other transport documents (if any)}
Handling Charges

RM106.00

Reproducing of Statement, Debit/Credit Advices
Handling Charges

RM5.30

SWIFT / Cable
Charges

RM31.80

Sending of Documents to Customer
Courier Charges

Sum of actual amount plus 6% GST

Handling Charges

RM10.60

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Bank Guarantee-i (BG-i)

Transaction
Type Of Charges
Amount
Reproducing of Statement, Debit/Credit Advices
Handling Charges

RM5.30

Cable/SWIFT
   
     a) BG issuance
Charges

RM63.60

     b) BG amendment
Charges

RM63.60

     c) RENTAS
Charges

RM5.30

     d) Others
Charges

RM31.80

Bank Guarantee under Facility
   
     a) Issuance of BG
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     b) Issuance of BG (fully secured Cash
         Margin)

Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     c) Renewal of BG
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     d) Extension of BG
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

e) Amendment of BG
   
     i) Amount Increase
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     ii) Validity Date Extended
Commission

Sum of actual amount derived plus 6% GST; Minimum 53.00

     iii) Other Amendments
Commission

RM53.00

Bank Guarantee under Cash Margin
   
     a) Issuance of BG
Commission

Actual amount derived (based on rate of commission on the approval of Letter of Offer)plus 6% GST; Minimum RM212.00

     b) Renewal of BG
Commission

Actual amount derived (based on rate of commission on the approval of Letter of Offer)plus 6% GST; Minimum RM212.00

     c) Extension of BG
Commission

Actual amount derived (based on rate of commission on the approval of Letter of Offer)plus 6% GST; Minimum RM212.00

     d) Amendment of BG
Amendment commission

RM53.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Inward Bills for Collection (DIBC/FIBC)

Transaction
Type Of Charges
Amount
Creation of IBC
   
     a) Creation of Domestic Bill
Commission

Minimum RM53.00 to Maximum RM530.00

     b) Creation of Foreign Bill
Commission

Total amount derived from the rate spelt out in Letter of Offer plus 6% GST;  
Minimum RM53.00;
Minimum RM106.00

a) Document Release  Free of Payment (Domestic)
Handling Charges

RM53.00

b) Document Release  Free of Payment (Foreign)
Handling Charges

RM53.00

a) Document Redirect  to Another Bank (Domestic)
Commission

Minimum RM53.00
Maximum RM530.00

Handling Charges

RM53.00

b) Document Redirect  to Another Bank (Foreign)
Commission

Minimum RM53.00
Maximum RM106.00

Handling Charges

RM53.00

a) Dishonoured Bill (Domestic)
Handling Charges

RM53.00

b) Dishonoured Bill (Foreign)
Handling Charges

RM53.00

a) Protest Bill (Domestic)
Handling Charges

RM212.00 excluding legal expenses

b) Protest Bill (Foreign)
Handling Charges

RM212.00 excluding legal expenses

a) Representation (Domestic)
Handling Charges

RM53.00

b)Representation (Foreign)
Handling Charges

RM53.00

a) Commission in lieu of Forex -without conversion to Ringgit (Domestic)
Commission

Minimum RM106.00
Maximum RM530.00

b) Commission in lieu of Forex -without conversion to Ringgit (Foreign)
Commission

Minimum RM106.00
Maximum RM530.00

a) Reproducing of Statement, Debit/Credit Advices (Domestic)
Handling Charges

RM5.30 per request

b) Reproducing of Statement, Debit/Credit Advices (Foreign)
Handling Charges

RM53.00 per request

Cable / SWIFT
   
     a) FOT Charges (less from  proceeds)
Charges

USD21.20
OR
RM74.20 equivalent

     b) RENTAS
Charges

RM5.30

     c) Others (Domestic)
Charges

RM31.80

     d) Others (Foreign)
Charges

RM31.80

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Outward Bills for Collection (DOBC/FOBC)

Transaction
Type Of Charges
Amount
Creation of OBC
   
     a) Creation of Domestic Bill
Commission

0.1% of invoice value;
Minimum RM53.00
Maximum RM530.00

     b) Creation of Foreign Bill
Commission

0.1% of invoice value;
Minimum RM50.00
Maximum RM100.00

a) Representation (Domestic)
Handling Charges

RM53.00

b) Representation (Foreign)
Handling Charges

RM50.00

a) Commission in lieu of Forex -without conversion to Ringgit (Domestic)
Commission

0.1% of invoice value;
Minimum RM106.00
Maximum RM530.00

b) Commission in lieu of Forex -without conversion to Ringgit (Foreign)
Commission

0.1% of invoice value;
Minimum RM100.00
Maximum RM500.00

a) Reproducing of Statement, Debit/Credit Advices (Domestic)
Handling Charges

RM5.30 per request

b) Reproducing of Statement, Debit/Credit Advices (Foreign)
Handling Charges

RM53.00 per request

Cable / SWIFT
   
     a) FOT Charges (less from  proceeds)
Charges

USD21.20
OR
RM70.00 equivalent

     b) RENTAS
Charges

RM5.30

     c) Others (Domestic)
Charges

RM31.80

     d) Others (Foreign)
Charges

RM30.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Bill Purchased (DBEP/FBEP (AP)/DOC)

Transaction
Type Of Charges
Amount
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 RM100.00
Maximum RM500.00

     b) Foreign Bill Purchased
Funding Rate

COF (as determined by Treasury) + spread (as spelt out in the Letter of Offer)

     a) Checking Fee for Document Drawn
         under LC (Domestic)
Commission

0.1% of invoice value;
Minimum RM50.00
Maximum RM100.00

Handling fee

RM50.00

     b) Checking Fee for Document Drawn
         under LC (Foreign)

Commission

0.1% of invoice value;
Minimum RM50;
Maximum RM100.

Handling fee

RM50.00

Commission in lieu of Forex (Export Proceeds not Converted to Ringgit Malaysia) - Remit to FCA account with other Banks (Domestic)
Commission

0.1% of invoice value;
Minimum RM50.00
Maximum RM500.00

Commission in lieu of Forex (Export Proceeds not Converted to Ringgit Malaysia) - Remit to FCA account with other Banks(Foreign)
Commission

0.1% of invoice value; Minimum RM50.00
Maximum RM500.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Others

Transaction
Type Of Charges
Amount
Accepted Bills – Islamic (Purchase/Sales)
Funding Rate

Based on money market rate for the specified tenor – determined by Treasury

Acceptance Commission

Based on rate of commission on the approval of Letter of Offer

Accepted Bills – Islamic (Import/Export)
Funding Rate

Based on money market rate for the specified tenor – determined by Treasury

Acceptance Commission

Based on rate of commission on the approval of Letter of Offer

Murabahah Working Capital Financing (MWCF) (Domestic/Foreign)
Profit Rate

As spelt out in the Letter of Offer

Bai Al Dayn Working Capital Financing (BWCF) (Domestic/Foreign)
Profit Rate

As spelt out in the Letter of Offer

Foreign Currency Trade Financing (Purchase/Sales/Import/Export)
Funding Rate

COF (as determined by Treasury) + spread (as spelt out in the Letter of Offer)

Direct Presentation of Documents (not under LC or Collection) (Domestic)
Commission

0.1% of amount financed;
Minimum RM50.00
Maximum RM500.00

Direct Presentation of Documents (not under LC or Collection) (Foreign)
Commission

0.1% of amount financed;
Minimum RM50.00
Maximum RM500.00

Handling of Volumeness Documents (Bunching of Invoices and Multiple Payments exceeding 5 invoices and 5 payments per transaction)
Handling Charges

RM53.00

Compensation for Late Payment (Ta'widh)
Compensation Charges

At Islamic Money Market Rate (IMMR) on the number of days

Handling Charges of Overdue Bill
Handling Charges

RM53.00

Reproducing of Statement, Debit/Credit Advices
Handling Charges

RM5.30

Cable / SWIFT
   
     a) FOT Charges (less from  proceeds)
Charges

USD21.20
OR
RM74.20 equivalent

     b) RENTAS
Charges

RM5.30

     c) Others
Charges

RM31.80

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Letter of Indemnity on Related Product

Transaction
Type Of Charges
Amount
Bank Guarantee
Stamp Duty

RM 10.00

Shipping Guarantee
Stamp Duty

RM 10.00

Documentary Credit (parcel/courier receipt)
Stamp Duty

RM 10.00

BL / AWB Endorsement
Stamp Duty

RM 10.00

Fax Application
Stamp Duty

RM 10.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

Forms / Application Request / Financing Document

Transaction
Type Of Charges
Amount
Letter of Credit
Stamp Duty

RM 10.00

Letter of Hypothecation
Stamp Duty

RM 10.00

LC Murabahah Contract Note
Stamp Duty

RM 10.00

Al Murabahah Contract Note
Stamp Duty

RM 10.00

Murabahah Working Capital Financing Letter
Stamp Duty

RM 10.00

Bai Al Dayn Contract Note
Stamp Duty

RM 10.00

Shipping Guarantee
Stamp Duty

RM 10.00

Letter of Authorization (Bank  Guarantee)
Stamp Duty

RM 10.00

Original Bank  Guarantee
Stamp Duty

RM 10.00

Note:  Effective 1 April 2015, the amounts shown above are inclusive of Goods and Services Tax (GST) at the rate of 6%, where applicable.

 

 

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