FINANCIAL STATEMENT & OTHER INFORMATION SECTION 5 187 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 17. ISLAMIC FINANCING (CONT’D) Commodity Murabahah - III The Commodity Murabahah - III is payable over a period of 60 and 84 months for Tranche 1 and Tranche 2 respectively from the date of first disbursement with bullet repayment of the principal sum on the 60th and 84th months respectively. The Commodity Murabahah - III bears a profit rate of 1.15% and 1.25% (2023: 1.15% and 1.25%) per annum for Tranche 1 and Tranche 2 respectively above the bank’s COF. As at reporting date, the profit rate for the Commodity Murabahah is 4.72% and 4.86% (2023: 4.77% and 4.85%) per annum for Tranche 1 and Tranche 2 respectively. The Commodity Murabahah - III was secured against the investment properties which amounting to RM1,128,000,000 (2023: RM 1,115,000,000) as disclosed in Note 10. TF - I TF - I are 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 TF - I bears a profit rate of 1.20% (2023: 1.20%) per annum above the bank’s COF when Total Financing over Total Assets is greater than or equal to 40% and profit rate of 1.00% (2023: 1.00%) per annum above the bank’s COF when Total Financing over Total Assets is less than 40%. As at reporting date, the profit rate for the TF - I is 5.10% (2023: 4.92%) per annum. TF - I were secured against the investment properties which amounting to RM273,000,000 (2023: RM272,500,000) as disclosed in Note 10. Changes in liabilities arising from financing activities: At 1 January 2024 RM Cash flows RM Charged to profit or loss RM Reclassifi cation RM At 31 December 2024 RM Group and Fund Non-current Commodity Murabahah - II 29,994,050 - - (29,994,050) - Commodity Murabahah - III 580,000,000 - - - 580,000,000 RC - I - - - - - TF - I 72,000,000 - - - 72,000,000 681,994,050 - - (29,994,050) 652,000,000 Less: Transaction costs on Islamic financing (4,112,866) (259,999) 1,439,865 80,616 (2,852,384) 677,881,184 (259,999) 1,439,865 (29,913,434) 649,147,616 Current Commodity Murabahah - I 80,000,000 - - - 80,000,000 Commodity Murabahah - II - - - 29,994,050 29,994,050 80,000,000 - - 29,994,050 109,994,050 Less: Transaction costs on Islamic financing (132,000) - 212,616 (80,616) - 79,868,000 - 212,616 29,913,434 109,994,050 757,749,184 (259,999) 1,652,481 - 759,141,666
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