Features
About
A Bank Guarantee (BG-i ) is a payment undertaking given by the Bank (guarantor) in writing at the request of customer (principal/ applicant) to pay stated sum of money to the beneficiary upon presentation of written demand. BG-i serves as a surety by alrajhi bank Malaysia who agrees to be responsible for the financial obligation of the applicant. It is issued on behalf of customer to facilitate the usage of products or services, or to secure contracts and issued guarantee instrument. The BG-i product can be offered to customer with/out financing facility.
Shariah Contract
Eligibility
On merit or case to case basis
Customer who enjoys financing facility with the Bank
Fees & Charges
| Pricing / Fees type | Details |
|---|---|
| BG Kafalah | |
| Issuance | RM400.00 |
| Amendment / Renewal / Extension | RM400.00 |
| BG Wakalah | |
| Issuance Commission (Handling fee) | 0.15% per month (1.8% per annum) on the guaranteed amount, subject to a minimum of RM100.00 |
| Amendment Fee (related to extension of period or increase in amount) | 0.15% per month (1.8% per annum) on the guaranteed amount, for the additional guarantee period or additional guarantee amount, subject to a minimum of RM100.00 |
| Amendment Fee (other amendment not related to extension of period or increase in amount) | RM100.00 |
| Others | |
| SWIFT | RM30.00 for each SWIFT being sent |
* Notes:
1. Commissions and rates specified herein apply to a single transaction. Any incidental charges such as remittance/postage/courier will be charged according to usage/destination.
2. Total fees, charges and/or commission quoted are subject to applicable taxes (if any).
3. The Bank reserves the right to vary such fees and charges and/or commission with prior notice or as agreed with the customer in the Letter of Offer.
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