Hong Leong Islamic Bank - Reference Rate

Reference Rate

Reference Rate

Islamic Financing Rate (IFR): 5.89% p.a. which effective on 17/05/2022

Islamic Base Rate (IBR): 2.88% p.a. which effective on 17/05/2022


Kuala Lumpur Interbank Offered Rates (KLIBOR): 2.26% p.a. wef 18/05/2022
3-mth KLIBOR based on previous business day.

 

Historical trend of IFR & IBR

 

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.