Hong Leong Islamic Bank - Reference Rate

Reference Rate

Reference Rate

Reference Rate


(per annum)

Effective Date
*Standardised Base Rate [SBR]
3.00% 09/05/2023

Islamic Base Rate [IBR]

3.88% 09/05/2023

Islamic Financing Rate [IFR]

6.89% 09/05/2023

3-Month Kuala Lumpur

Interbank Offered Rates



Historical trend of SBR, IBR & IFR

Standard Property Financing’s Indicative Effective Profit Rate


What is Standardised Base Rate?

The SBR is the reference rate that all banks will use starting from 01 August 2022 in the pricing of new retail floating-rate financing, refinancing of existing retail financing, and the renewal of revolving retail financing. SBR is applicable to individuals as well as to Sole Prop. under individual name for business use. The SBR is linked solely to the Overnight Policy Rate (OPR), as determined by the Monetary Policy Committee (MPC) of Bank Negara Malaysia

Retail financing facilities priced against the IBR or IFR taken prior to 1 August 2022 shall continue to be priced against the IBR or IFR until the maturity of the retail financing facilities or are fully paid.

To know more about Standardised Base Rate, please click here.

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