: MTF21321648 Date: MUHAMMAD LUQMAN BIN MOHAMAD ALI NOR 36 JALAN PERMAS 5/17 BANDAR PERMAS JAYA 81750 MASAI JOHOR.
Dear Sir/Madam,
LETTER OF OFFER
We are pleased to inform that JCL CREDIT LEASING SDN. BHD. (413411-H) (“JCL CREDIT LEASING") has approved the following financing facility to MUHAMMAD LUQMAN BIN MOHAMAD ALI NOR (NRIC No: 930105015243) subject to the given terms and conditions: -
1. THE FACILITY
The Facility as described in Section 1 of the Schedule 1 hereto.
2. BENEFICIARY
The party whose name and description are stated in Section 2 of the Schedule 1 hereto.
3. PURPOSE OF THE FACILITY
The Facility herein approved shall be utilized by the client for Shariah compliant purposes only and exclusively for the purpose as stated in Section 3 of the Schedule 1 hereto.
4. SELLING PRICE
The Selling Price payable by the Client to JCL CREDIT LEASING as stated in Section 4 of the Schedule 1 hereto.
5. PURCHASE PRICE The amount stated in Section 5 of the Schedule 1 hereto.
6. PROFIT MARGIN
JCL CREDIT LEASING’s margin of profit as stated in Section 6 of Schedule 1
hereto.
7. FACILITY TENURE
The period stated in Section 7 of the Schedule 1 hereto.
8. PAYMENT
The payment of the Selling Price shall be affected in accordance with Section 8 of the Schedule 1 hereto.
9. DEDUCTIONS
JCL CREDIT LEASING shall deduct the costs specified in Section 9 of the Schedule 1 hereto from the Facility consist of the following: -
9.1 TAWARRUQ FEE
9.2 PROCESSING FEE
9.3 TAKAFUL FEE – (Will be refunded if the underwriting status rejected)
The amount for payment of fee duty specified in Section 9 of the First Schedule shall be deducted from the Facility. If the amount deducted is not sufficient for payment of the abovementioned fees and / or the payment has been made by JCL CREDIT LEASING on behalf of the Client, JCL CREDIT LEASING reserved the right to demand the payment from the Client.
10. OTHER TERMS AND CONDITIONS
a) You hereby agree to receive promotional SMS, materials, mailers, emails
and telemarketing calls from JCL CREDIT LEASING. b) That you understand and agree to the payment method explained to you. 11. REBATE
JCL CREDIT LEASING shall undertake to grant rebate (Ibra') on the unnamed profit portion of the Facility in the following situations: - a) Upon early full settlement of the Facility.
12. PENALTY
In the event of any overdue in payments of the Facility, the Client shall pay to JCL CREDIT LEASING a late payment charges on such overdue amount at the rate of 8% or at the rate and in the manner prescribed and approved by the Shariah Advisor for the Tawarruq Financing product of JCL CREDIT LEASING.
13. DISCLOSURE OF INFORMATION
The Client hereby agrees and admit that as long as the Facility continue and/or as long as any amount remains outstanding under the Facility and/or the Security Documents, JCL CREDIT LEASING is entitled to disclose all or any part of any information on the Client and where applicable the Client's business (including its accounts and/or future accounts), reports or documents supplied in connection with the Facility: -
a) to its auditors, legal counsel and other professional advisors;
b) to the Central Credit Unit or any other financier or other regulatory authorities and/or authorized party(ies) to whom such person is required to make such disclosure; c) to companies which are or which in the future may be subsidiaries of JCL CREDIT LEASING and that the subsidiaries of JCL CREDIT LEASING shall also be entitled to make such disclosure to JCL CREDIT LEASING and/or to the other subsidiaries within JCL CREDIT LEASING’s Group of Companies; d) to any guarantor and/or surety; e) pursuant to subpoena or other legal process or in connection with any action, suits or proceeding relating to the Security Documents; or f) pursuant to any law.
Thank You. Yours faithfully,
JCL CREDIT LEASING SDN. BHD. (413411-H)
SECTION FOR ACCEPTANCE BY THE CLIENT
I/We, the undersigned hereby accept the above offer and confirm that I/we have read and understand the terms and conditions set out above.
Signatory Witness
Name: MUHAMMAD LUQMAN BIN MOHAMAD Name:
ALI NOR NRIC: NRIC: 930105015243 Date: Date: SCHEDULE 1 (which is to be taken and construed as an integral part of this Letter of Offer)
SECTION ITEM PARTICULAR
1 The Facility The Facility is extended to the Client as follows: -
1) The Client appoints the Financier as an agent to perform the
following tasks: - Appointment 1: - As agent to purchase commodity from the Financier on behalf of the Client.
Appointment 2: - As agent to sell commodity to a commodity purchaser(s) on behalf of the Client.
2) After the matters set out in 1 above have been concluded,
the Financier shall purchase commodity from an authorised commodity seller(s). Thereafter the Financier shall sell the commodity to the Client on Murabahah basis at an agreed selling price which is payable by the Client on deferred terms. The Financier acting as the Client’s agent will purchase the commodity from the Financier.
3) The Financier acting as the Client’s agent shall sell the
commodity to commodity purchaser(s). The proceeds, which shall be equivalent to the amount of the Facility, will be credited into the Client’s bank account. The Client shall pay the amount due under the Facility as per agreed terms with the Financier. 2 Client Name and particulars of the person Name: MUHAMMAD LUQMAN BIN MOHAMAD ALI NOR NRIC: 930105015243 3 Purpose of Others Facility 4 Selling Ringgit Malaysia Four Thousand And Eighty Price (RM 4080.00) only. 5 Purchase Ringgit Malaysia Three Thousand (RM 3000.00) only. Price 6 Profit Eighteen percent (18%) per annum on flat rate basis. Margin 7 Facility Maximum Two (2) Years commencing from the date of first Tenure disbursement of the Facility. 8 Payment Month Monthly Total (RM) Payment (RM)
