Hong Leong Islamic Bank - Reference Rate

Reference Rate

Reference Rate

Islamic Financing Rate (IFR): 7.14% w.e.f. 10/01/2019

Islamic Base Rate (IBR): 4.13% w.e.f 10/01/2019

Kuala Lumpur Interbank Offered Rates (KLIBOR): 3.69%
3-mth KLIBOR based on previous business day.


What is Islamic Base Rate?

Islamic Base Rate is made up of 2 parts, our benchmark Islamic cost of funds (ICOF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia.  Our benchmark ICOF now reflects the cost of raising new funds in prevailing market funding conditions based on the 3-month KLIBOR as well as customer deposit rates.

For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch.