The Corporate Business granted by MBSB are.

Project Financing (Conventional)

Facilities granted to development companies for the purpose of residential and/or commercial development.

PURPOSE	To part finance project land purchase and/or; To finance the development costs. (residential/commercial) and/or; As performance Guarantee for issuance of Developer's License
TYPE OF FACILITIES	Term Loan To part finance the acquisition or purchase of a Project Land. To redeem the project land currently encumbered with other financial institutions or banks. Working capital intrinsic to the project Bridging Loan To part finance the development cost of a development project. Financial Guarantee The normal guarantee letters required for a development project.
INTEREST RATE	Term Loan/Bridging Loan Between 1.25% to 2.50% p.a. above ECOF (Currently MBSB's ECOF is at 5.55% p.a.) Performance Guarantee Min 0.1% per month on the guaranteed amount, payable annually upfront.
MARGIN OF FINANCE	Term Loan For acquisition or purchase of project land. A maximum of up to 70% of the Open Market Value or Purchase Price (whichever is lower) for converted land (i.e. where premium is paid). For Refinancing / Redemption. 100% of the outstanding or redemption sum as fixed by the Chargee Bank, or up to 70% of the Current Market Value of the Project Land. Bridging Loan Up to 70% margin on estimated earthworks preliminaries, construction and infrastructure cost of which the total preliminary cost is on actual claim / receipt and payment to be made directly to the relevant parties. Maximum of up to 70% margin on the building construction cost. Financial Guarantee Up to 100% of the guaranteed amount approved.
ELIGIBILITY	Any project acceptable to MBSB.
LOAN TENURE	Term Loan Up to 60 months, commencing from the date of first disbursement. Bridging Loan Up to 60 months, commencing from the date of first disbursement. Financial Guarantee Up to 60 months from the date of Guarantee Letter.

* ECOF - Effective Cost of Fund

Musharakah Business-i

Musharakah is a form of partnership, whereby, two (2) or more persons/entities willingly combine their capital and labour to take on a business venture. The profits are shared by the partners in any equitably agreed proportion. Profit sharing does not necessarily rest on the proportion of capital injected into the project.

FEATURES	» Financing is on a case to case basis. » Capital may not necessarily be equal » Both partners can participate in the management » Profit must be : Mutually consented Explicitly stated On proportionate basis or percentage (%) Shared by both parties
PERIOD OF FINANCING	Depending on the nature of the project.
GENERAL ELIGIBILITY	Must be in business for more than 3 years. Management Team / Directors shall have related experience in the business undertaken. The Customer and the business partnership are Shariah Compliant and comply with MBSB's policies. Cash flow/profitability of the Project must be sufficient to allow for profits to be recouped.
TYPES OF BUSINESS ELIGIBLE	Contract Financing » Contracts from Government bodies, statutory bodies or reputable private corporations » Possess valid contractor/registration license from relevant authorities (if applicable) Development Project Financing » Viable development projects Asset Financing » Financing of specific assets.
BENEFITS FOR CUSTOMERS	Profit sharing ratio can be negotiated Higher margin of financing Public confidence-Customer may leverage on market reputation as Partner to MBSB No breakeven sales (for development project financing) Flexible timing and quantum of Capital Redemption & Profit Payment

Commercial Property Financing (Conventional)

Commercial Property Financing (Islamic)

Project Financing (Conventional)

Contract Financing (Islamic)

Musharakah Business-i