FINANCIAL STATEMENT & OTHER INFORMATION 186 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 17. ISLAMIC FINANCING Group and Fund 2024 RM 2023 RM Non-current Commodity Murabahah Term Financing-i II (“Commodity Murabahah - II”) - 29,994,050 Commodity Murabahah Term Financing-i III (“Commodity Murabahah - III”) 580,000,000 580,000,000 Term Financing-i (“TF - I’’) 72,000,000 72,000,000 652,000,000 681,994,050 Less: Transaction costs (2,778,487) (4,112,866) Total (non-current) 649,221,513 677,881,184 Current Commodity Murabahah - I 80,000,000 80,000,000 Commodity Murabahah - II 29,994,050 - Less: Transaction costs (73,897) (132,000) Total (current) 109,920,153 79,868,000 Total (non-current and current) 759,141,666 757,749,184 Commodity Murabahah - I The Commodity Murabahah - I is payable over a period of 63 months from the date of first disbursement with bullet repayment of the principal sum on the 63th month. The Commodity Murabahah - I bears a profit rate of 1.25% (2023: 1.25%) per annum above the bank’s Cost of Funds (“”COF””). As at reporting date, the profit rate for the Commodity Murabahah is 4.87% (2023: 4.89%) per annum. The principal amount is expected to be paid in March 2025. As at reporting date, the management has secured a new facility valued at RM360,000,000 for a duration of 18 months, stating from March 2025 which will be used to fully settle the existing Commodity Murabahah - I facility. The Commodity Murabahah - I was secured against the investment properties which amounting to RM107,185,406 (2023: RM110,450,245) 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% (2023: 1.25%) per annum above the bank’s COF. As at reporting date, the profit rate for the Commodity Murabahah is 4.87% (2023: 4.89%) per annum. The principal amount is expected to be paid in November 2025. As at reporting date, the management has secured a new facility valued at RM360,000,000 for a duration of 18 months, stating from March 2025 which will be used to fully settle the existing Commodity Murabahah - II facility. The Commodity Murabahah - II was secured against the investment properties which amounting to RM75,900,000 (2023: RM74,000,000) as disclosed in Note 10.
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