RHB ISLAMIC BANK BERHAD 200501003283 (680329-V) Incorporated in Malaysia

PRODUCT DISCLOSURE SHEET VEHICLE FINANCING-i

(Please read and understand this Product Disclosure Sheet together with (VARIABLE RATE)
the general terms and conditions governing the Vehicle Financing-i
(Variable Rate) before you decide to take up this product. Seek assistance
from RHB Islamic Bank Berhad if you need further clarification on any part Date : _____________________
of this document or the terms used). [to be filled by Relationship Manager / Marketing Officer]

1. What is this product about?

Vehicle Financing-i (Variable Rate) ("the Facility") is a variable rate financing product that allows you to hire a vehicle ("the Vehicle") from the Bank and to purchase
and take ownership of the Vehicle after settlement of the last rental payment, based on the Shariah concept of AL-IJARAH THUMMA AL-BAI' (AITAB) (hire followed
by purchase).
2. What is the Shariah concept applicable?
The Shariah concepts applicable to the Facility are:
i. IJARAH: Also known as leasing/hiring. You will hire the Vehicle from the Bank at an agreed monthly instalment over a specific period ("the Hire
Term").
ii. WAKALAH: The Bank will appoint you as a Bank's agent for the purpose of maintenance of the Vehicle during the Hire Term.
iii. BAI': Literally means sale, where on expiry of the Hire Term/ early settlement/ prepayment, you will enter into a contract to purchase the Vehicle
from the Bank at an agreed price. In this regard, you are deemed to have an option of purchasing the Vehicle if you have paid a deposit to the
Bank. During the Hire Term, the ownership of the Vehicle belongs to the Bank. On completion of the entire rental payment, a Sales Contract will
be executed to transfer the ownership of the Vehicle from the Bank to you.
3. What do I get from this product?
Vehicle Financing Amount : RM ______________________
Rental Charges Amount : RM ______________________
Margin of vehicle financing : ______________ % (up to 90% of Purchase Price)
HP Reducing Term Takaful (if applicable) : RM ______________________ HPRTT
Total financing (including HPRTT) : RM ______________________ Vehicle Financing & HPRTT
Current Base Rate : _______________ %
Spread : _______________ %
Effective Profit Rate : _______________ % Current Base Rate & Spread
Gross Effective yield / Annual Percentage Rate : _______________ %
Tenure : _______________ years (up to 9 years)

* Current Base Rate: may vary from time to time. Please refer to RHB Group website for the updated Base Rate. The Base Rate must be made known
to you at the time of financing.

Ceiling Rate: 12% (in any case, if the Effective Profit Rate is more than 12%, you will only be charged at maximum profit rate of 12%).
4. What are my obligations?
Duration of monthly payment : ____________ Months
Amount for first monthly payment : RM ____________________________________
Amount of each monthly payment : RM ____________________________________
One (1) final instalment : RM ____________________________________

Note: The Bank will inform you in writing, any changes in the profit rate that is applicable to the Facility, at least seven (7) calendar days before the
effective date of implementation of such change.
5. Historical SBRI for the past 3 year(s)

Note:
 Standardised Base Rate Islamic (SBRI) was introduced on 01 August 2022. SBRI = Overnight Policy Rate (OPR); benchmark rate set by Bank
Negara Malaysia.
 The dotted line shows the historical series of the OPR, which is the benchmark rate of the SBRI. SBRI can rise or fall due to changes in OPR.
 Base Rate (BR) for this Facility will move in tandem with SBRI by the same magnitude. For further details of the historical series, please refer to
our website.

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6. Illustration on Base Rate Changes
Total Financing of RM100,000.00
Current monthly payment is RM1,140.00
Original tenure: 9 years

Important: Your monthly instalment and total payment amount will vary if the BR changes.
Year 1st Year (Start) 3rd Year 5th Year
No. of Instalment paid 0 months 24 months 48 months
No. of Remaining Instalment 108 months 84 months 60 Months
Base Rate + Spread 3.75% + 1.25% If BR goes up 1%; If BR goes up 2%;
= 5.00% 4.75% + 1.25%= 6.00% 6.75% + 1.25%= 8.00%
Principal Balance RM100,000.00 RM81,476.80 RM61,543.95
Monthly Instalment RM1,152.00 RM1,191.00 RM1,248.00
Final Instalment RM1,122.55 RM1,128.69 RM1,241.36
Rental Charges Amount RM24,386.55 RM18,504.89 RM13,329.41
Total amount payable RM124,386.55 RM99,981.69 RM74,873.36
Note: The Bank will inform you in writing, of any changes in the Effective Profit Rate that is applicable to the Facility, at least seven (7) calendar days
before the effective date of implementation of such change.
7. What other charges I have to pay?
No. Types of fees/ charges Fees and Charges Amount
I. The Facility Agreement RM 10.00 per agreement for stamp duty
II. Supplementary of the Facility Agreement RM 20.00 per agreement for documentation and stamp duty
III. Variation on the Facility Agreement upon request RM 10.00 per agreement for stamp duty
IV. Postal  RM 3.50 for account without guarantor
 RM 7.00 for account with 1 guarantor
 RM 10.50 for account with 2 guarantors
V. Road Tax renewal RM 10.00 per transaction
VI. Redemption statement (as requested by third party) RM 30.00 per request
VII. Discharge and release letter (as requested by third party) RM 30.00 per request
VIII. Financial Information Services (FIS) Data Reference RM 4.20 per transaction
IX. Request for retrieval and copy of documents RM 22.00 per request
 Additional statement of the Facility
 Issuance of letter of consent for transfer of Vehicle from East
Malaysia to West Malaysia and vice versa
 Issuance of letter of undertaking for insurance/ takaful claim
 Audit confirmation per account
 Request for copy of the Facility documents
X. Photocopy of the Facility Agreement RM 25.00 per request
Note 1: The Bank will inform you in writing, of any changes in fees and charges that are applicable to your financing facility, at least twenty-one (21)
calendar days before the effective date of implementation of such change.
Note 2: You are also responsible to pay all professional fees, taxes (including Service Tax (ST))/or any applicable taxes imposed from time to time),
out-of-pocket expenses incurred and any other fees, expenses or recourse in respect of the Facility.
Note 3: If you wish to get the Facility account statement, please email to custserv.autofinop@rhbgroup.com or register with RHB Now for e-statement
and online payment. The first request is free of charge but any further requests will be charged according to item IX above.
.
8. What if I fail to fulfil my obligations?
(a) You are liable to pay the Bank compensation (Ta'widh) as follows:
i. If you fail to pay the payment due under the Facility from the date of first disbursement by the Bank until the date of maturity of the Facility,
the applicable compensation (Ta'widh) rate is not more than one percent (1%) per annum.
a. on the overdue amount in case of default of scheduled payments; or
b. on the outstanding balance of the Facility in case of default causing the Facility to be terminated or brought to court for judgement
before the expiry of the Facility.
ii. if you fail to pay any amount overdue and such failure continues beyond the Facility tenure or after judgement is obtained (whichever is
earlier), at such rate per annum as determined by the Bank from time to time (before as well as after judgement), and the applicable
compensation rate will not at any time exceed the prevailing Bank Negara Malaysia's (BNM) Islamic Interbank Money Market (IIMM) Rate
on the total outstanding balance of the Facility calculated on daily rest basis; or
iii. by any other method approved by the Shariah Advisory Council of BNM; and
iv. the amount of such compensation (Ta'widh) will not be compounded.
(b) Legal action will be taken if you fail to respond to reminder notices. Your vehicle may be repossessed and you will have to pay the applicable
costs. You are also responsible to settle any shortfall after your vehicle is auctioned off. Legal action against you may affect your credit rating
causing credit to be more difficult or expensive to you.
(c) If you fail to perform your obligation to pay the rental payment or violate other terms and conditions stated in the Facility Agreement, the Bank
has the right to exercise reasonable actions to mitigate losses.
(d) Right to set-off: The Bank may set-off any outstanding amount due in this Facility account from any of your deposit accounts maintained with
the Bank, which the Bank will notify you at least seven (7) calendar days in advance.
9. What if I fully settle the financing before its maturity?
The Bank will grant rebate (Ibra') on any amount payable by you for any payment due under the Facility in any of the following situations:
(i) any early settlement or early redemption by you including prepayment;
(ii) any early settlement of the Facility due to any restructuring exercise of the Facility by you.
(iii) any early settlement by you upon occurrence of an Event of Default; and
(iv) any early settlement by you if the Facility is terminated or cancelled before the Facility tenure expires.
The calculation of rebate (Ibra') for any early settlement by you is as follows:
Rebate (Ibra') = *Remaining Unearned Rental Charges - early settlement charges as may be determined by the Bank (if any).
*Remaining Unearned Rental Charges is equal to unrealized rental charges at the time of full settlement.
The calculation of rebate (Ibra') will be made in accordance with any rules, regulations and/ or directives of BNM or any other authorities having
jurisdiction over the Bank.
Note: Other costs / expenses may include postage charges, repossession charges, storage, legal fees etc. (where applicable).

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10. Do I need any TAKAFUL protection?
MOTOR TAKAFUL: Motor Takaful is required. The vehicle must be adequately covered under comprehensive protection against fire, accident, theft,
force majeure events such as natural disaster (flood, typhoon, hurricane, storm, volcanic eruption, earthquake, landslide, etc.) and such other risk as
the Bank may require from time to time during the Hire Term. Failure to obtain adequate protection will make you liable and the Bank may claim the
outstanding financing from you.

HIRE PURCHASE REDUCING TERM TAKAFUL (HPRTT): HPRTT is optional/not required. If you pass away or suffer total permanent disability, the
HPRTT will pay off the amount in accordance with the Schedule of Sum Covered as stated in the policy. This will relieve the burden of monthly payment
on your survivors or next of kin.

You may choose to include HPRTT contribution into the total Facility with RHB Islamic Bank and enjoy the protection throughout the Facility tenure.

GUARANTEED ASSET PROTECTION (GAP): GAP is optional/not required, and you may get the GAP from various Takaful services providers. If
there is total loss or theft of the Vehicle, the GAP will cover the difference between the Motor Takaful claim pay out and the outstanding financing. This
will relieve the burden of monthly payment on your survivors or next of kin.

You may choose to purchase GAP contribution separately in order to enjoy the protection throughout the Facility tenure.

Note:
 The agent will provide quotations for Motor Takaful/HPRTT/GAP offered by the Bank's panel of Takaful providers or any other legitimate Takaful
operators of your choice and acceptable to the Bank. However, to avoid any delay, the appointment of the Bank's panel of Takaful providers is
highly encouraged.
 In taking the above Takaful protection, the Bank hereby advise you the following:
a) You are advised to get the Motor Takaful, HPRTT and GAP.
b) You may get conventional insurance to protect the Vehicle if:
i. Your application for Takaful protection is rejected by all Takaful operators; or
ii. The cost of insurance protection is much more competitive compared to the cost of Takaful protection.
 The Takaful protection is important to ensure end-to-end Shariah compliant offering of this product. However, the Bank has the right to claim any
amount due even if you choose the conventional insurance.
 In the event where you opt for conventional Motor Insurance, a portion of deposit paid by you is deemed to be used as payment for the insurance
premium.
11. Do I need a guarantor?
Whether a guarantor is required depends on the merits of each application. If a guarantor is required, such guarantor will be duly informed of its rights
and obligations.
12. What are the documents that I have to submit?
Salaried Applicant Self-Employed Applicant
 MyKad / NRIC photocopy  MyKad / NRIC photocopy
 Driver's license  Business registration photocopy
 Latest 3-months' salary slip  Latest six (6) months bank account statement
 Latest EPF statement  Financial statement
 Latest income tax return form

*NOTE: The Bank may require up to six (6) months of income statement if the
income comprises variable components.
13. What are the major risks?
If you fail to pay the monthly instalment consistently throughout the Hire Term, the Bank has the right to take possession and auction off the Vehicle.
If you have problems in meeting your financial obligation under the Facility, kindly contact the Bank immediately to discuss the payment alternatives.
14. What do I need to do if there are changes to my contact details?
It is important that you inform the Bank of any changes to your contact details to ensure that all correspondences reach you in a timely manner.
You may inform the Bank of such changes through various channels of communication such as the Bank's website, branches or RHB Customer
Contact Centre at 03-9206 8118.
15. Where can I get assistance and redress?
a) If you have difficulties in making payments, you should contact the Bank immediately to discuss payment alternatives.
b) Alternatively, you may also seek the services of Agensi Kaunseling dan Pengurusan Kredit (AKPK), an agency established by Bank Negara
Malaysia (BNM) to provide free services on money management, credit counselling, financial education and debt restructuring for individuals.
You can contact AKPK at:
Level 5 & 6, Menara Bumiputra Commerce,
Jalan Raja Laut, Tel: 03-2616 7766
50350 Kuala Lumpur. Email: enquiry@akpk.org.my
c) If you wish to complaint about the products or services provided by the Bank, you may contact us at:
Customer Advocacy, Group Customer Experience and Channel Management,
RHB Islamic Bank Berhad,
Level 2, Tower 2, Email: customer.advocacy@rhbgroup.com
Jalan Tun Razak, 50400 Kuala Lumpur Web: http://www.rhbgroup.com
d) If your query or complaint is not satisfactorily solved by the Bank, you may contact Bank Negara Malaysia LINK or TELELINK at:
Customer Contact Centre (BNMTELELINK), Tel: 1-300-88-5465 (1-300-88-LINK) (Overseas: +603 2174 1717)
Bank Negara Malaysia, P.O. Box 10922, Fax: 03-2174 1515
50929 Kuala Lumpur. Web form: https://telelink.bnm.gov.my
e) Alternatively, you may also seek the services of Ombudsman for Financial Services (OFS) (formerly known as Financial Mediation Bureau),
a non-profit organization which functions as an alternative dispute resolution channel to settle disputes between OFS members (i.e. the
financial service providers licensed or approved by BNM) and financial consumers. You can contact OFS at:
Level 14, Main Block, Tel: 03-2272 2811
Menara Takaful Malaysia, Email: enquiry@ofs.org.my
No 4, Jalan Sultan Sulaiman, Web: https://www.ofs.org.my
50000 Kuala Lumpur

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16. Where can I get further information?
If you have any questions, please contact us at:
RHB Islamic Bank Berhad
Level 2, Tower 3, RHB Centre, Tel: 03-9206 8118
Jalan Tun Razak, Email: customer.service@rhbgroup.com
50400 Kuala Lumpur. Web: www.rhbgroup.com
17. Other AL- IJARAH THUMMA AL-BAI' packages?
Hire Purchase-i (Fixed Rate)
18. The Illustration on the issuance of reminders and notices

IMPORTANCE NOTICE:

REPOSSESSION OF MOTOR VEHICLE AND LEGAL ACTION MAY BE TAKEN AGAINST YOU & YOUR GUARANTOR (IF ANY) IF YOUR
HIRE PURCHASE PAYMENTS ARE NOT KEPT UP TO DATE.
Illustration on the issuance of reminders and notices

All reminders and notices will be issued based on the illustration below:
Instalment Due Date: Every 5th of the month
1st instalment overdue: March 5th, 2020.

Reminder/ Notice Days/Months (after Instalment Due Date) Issuance date of Expiry date of
Reminder/ Notice Reminder/ Notice
First (1st) Reminder 10 days after due date 15/03/2020
Fourth (4th) Schedule After 2 successive default of payments 06/03/2020 27/03/2020
7-Days' Notice 7 days before the expiry of Fourth (4th) Schedule 21/03/2020 28/03/2020
Repossession Order On expiry of 7-Days' Notice 29/03/2020

19. The Code of Ethics on Repossession for Repossession of Motor Vehicle.

a) Authorised repossessors must have a valid permit card as "Ejen Pemilikan Semula" (EPS) and ensure validity period is relevant during the
repossession activity.
b) EPS permit holder should only enter the premises with the knowledge and consent of the occupant.
c) EPS permit holder should be well mannered and dress decently. They must practice professionalism and dignity in carrying out their work.
d) The use of "strong arm tactics" of any kind is strictly prohibited in the performance of their work.
e) At the time of repossession, the EPS permit holder must:
i. show to you the EPS permit, NRIC and repossession order issued by the Bank;
ii. give reasonable time for you to inspect the Vehicle and remove your personal items and belongings;
iii. take photos of the Vehicle's interior, external condition and your personal belongings; and
iv. issue inventory list for the Vehicle's condition during the repossession activity.
f) EPS permit holder is not allowed to enter any personal premise without Court's Order.
g) EPS permit holder must lodge a police report within 24 hours after such repossession activity is completed. Extension is given in certain
situation but such extension will not exceed 48 hours.
h) EPS permit holder must act in accordance with the laws and regulations and any other Code of Ethics (as introduced by the Association of
Hire Purchase Companies Malaysia of Finance Companies of Malaysia and the Ministry and Ministry of Domestic Trade and Consumer
Affairs from time to time) at all times in carrying out their work.

The information provided in this Product Disclosure Sheet is valid as at 08 May 2023.