NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 18. Islamic financing (cont’d) Sukuk Ijarah Nominal value Profit 2020 rate RM Rating (%) Non-current Issue II - Tranche 1 Issued on 4 May 2018 Class A IMTNs 220,000,000 AAA 4.64 Class B IMTNs 23,000,000 AA2 4.95 Class C IMTNs 220,000,000 Unrated 5.60 Total 463,000,000 Issue II - Tranche 2 Issued on 20 December 2018 Class A IMTNs 75,000,000 AAA 4.68 Class B IMTNs 37,000,000 AA2 4.98 Total 112,000,000 575,000,000 The Company has fully redeemed Sukuk Ijarah Issue II of RM575,000,000 on the maturity date of 4 May 2021. Following the redemption of the Sukuk Ijarah Issue II, the facilities has been cancelled on 10 December 2021. Commodity Murabahah-I The Commodity Murabahah - I is payable over a period of 60 months from the date of first disbursement with bullet repayment of the principal sum on the 60th month. The Commodity Murabahah - I bears a profit rate of 1.25% (2020: 1.25%) per annum above the bank’s Cost of Funds (“COF”). As at reporting date, the profit rate for the Commodity Murabahah is 3.35% (2020: 3.35%) per annum. The Commodity Murabahah - 1 was secured against the investment properties which amounting to RM116,312,398 (2020: RM119,156,199) as disclosed in Note 10. Commodity Murabahah-II The Commodity Murabahah - II is payable over a period of 60 months from the date of first disbursement with bullet repayment of the principal sum on the 60th month. The Commodity Murabahah - II bears a profit rate of 1.25% (2020: 1.25%) per annum above the bank’s COF. As at reporting date, the profit rate for the Commodity Murabahah is 3.35% (2020: 3.35%) per annum. The Commodity Murabahah - II was secured against the investment properties which amounting to RM74,600,000 (2020: RM79,900,000) as disclosed in Note 10. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 20201 184
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