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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
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.