A.
Baihaqi secured a financing from
the Islamic banks of RM100,000 in December 2016 which is paid montly for
RM2,000 per month. The installment commence from January and he has paid
installment successfully for the first 6 months. However, in July, August and
September he failed to pay the installments due to his finacial
instability.
Required:
1. Calculate the ta’widh amount to be paid by Baihaqi.
2. Calculate the payment to be paid by Baihaqi in the month of
September
3.
What are the differences between Ta’widh and Gharamah.
B. Mofaisib secured a Murabahah Home financing from the Islamic banks of
RM200,000 in January
2016 which is paid montly for RM4,200 per month. The
installment commence from February 2016 and he has paid installment
successfully for the first 2 months. However, in the consequetive 2 months, he
failed to pay the installments.
Required:
1. Calculate the amount of late payment charges that Mofaisib has to pay
if the penalty rate given is 7.5%.
2. Calculate the ta’widh
amount to be paid by Mofaisib.
3. Calculate the gharamah amount
to be paid by Mofaisib.
4. Calculate the payment to be paid by Mofaisib in the month of
September
5.
List all the required treatments
should be performed by Islamic banks when dealing with gharamah collection.
A
ReplyDelete1)RM 60
2)RM 6060
3)The difference between ta'widh and gharamah is
Ta'widh
•losses due to the late payment
•1% charged
•income to bank
Gharamah
•penalty to avoid late payment
•charged according to BNM
•chanel to charity
•non compounding
B
1)RM 714
2)RM 84
3)RM 630
4)RM 25,914
5)Gharamah should be give to baitulmal or charity.
good comment
Delete1132068 (Muhammad Syamirul Iqmal Bin Abd Razak)
DeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)Ta’widh
• Losses due to late payment are borne by creditor
• Based on real loss
• Fixed at 1%
• Based on outstanding principal balance
• Income to bank
• Customer’s liability is not exceeding 1% of outstanding principal balance
•Recommended as Sharia compliant
• No riba
Gharamah
• Penalty to avoid late payment
• Based on rate by BNM
• Non-compounding
• Based on outstanding principal balance
• Channel to charity
• Shared liability; channel for charity
• Recommended as Sharia compliant
• No riba
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
A
ReplyDelete1)RM 60
2)RM 6060
3)The difference between ta'widh and gharamah is
Ta'widh
•losses due to the late payment
•1% charged
•income to bank
Gharamah
•penalty to avoid late payment
•charged according to BNM
•chanel to charity
•non compounding
B
1)RM 714
2)RM 84
3)RM 630
4)RM 25,914
5)Gharamah should be give to baitulmal or charity.
Azima zahra BT Abdul aziz (1142108)
Deletegood try
Delete NOR SAZWANA BINTI ABDUL HALIM
ReplyDelete 1132029
A. Financing = RM 100,000 in December 2016
Monthly payment = RM 2,000
1) Ta’widh = 1% × (3 × RM2000) = RM60
2) Total payment of 3 months due = RM60 + (3 × RM2, 000) = RM 6,060
3. The differences between Ta’widh and Gharamah?
Ta’widh
• Earning as an income for the bank (Use of proceeds)
• Based on real loss. (Rate of real charge)
• Fixed at 1%. (Rate of real charge)
• Concept is loss due to late payment are borne by creditors (Concepts)
• Customer’s liability is not exceeding 1% of outstanding principle balance. (Liability)
• Islamic banks may recognise ta’widh as an income on the basis that it is imposed as a compensation for the actual loss suffered by the Islamic banking institutions. (Accountability)
Gharamah
• Earnings will be channelled for charity. (Use of proceeds)
• Based on rate by BNM. (Rate of real charge)
• Non compounding. (Rate of real charge)
• Concept is penalty to avoid late payment. (Concepts)
• Shared liability, channel for charity. (Liability)
• Gharamah cannot be taken into account as an income instead it must be channelled to certain charities. (Accountability)
B. Home Financing = RM 200,000 in January 2016
Monthly payment = RM 4,200
1)
• Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
• Ta’widh = 1% × (2 × RM 4,200) = RM 84
• Amount late payment charge = RM 630 + RM84 = RM 714
2) Ta’widh = 1% × (2 × RM 4,200) = RM 84
3) Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
4) Total payment of 6 (April to September) months due = RM714 + (6 × RM4, 200)
= RM 25, 914
5) If the Bank chose only to charge Ta’widh most Banks used anyway, the maximum rate chargeable is up to 1.0% of the arrears amount (non-compounding). This 1.0% charge may be recorded in the Bank’s books as “Revenue” to off-set the actual expenses incurred in managing the delinquent account. This 1.0% charge must also be review, justified and approved by the Bank’s internal Sharia committee members on a yearly basis.
If the Bank chose to charge both Ta’widh and Gharamah, there is a specific treatment required for Gharamah. While Ta’widh’s treatment remains the same as above, Gharamah can only be taken for the penalising the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to charity and must not go into the revenue books of any kind. The Bank must not derive any benefits from Gharamah, directly or indirectly, and this charity amount must be managed under the oversight of the Sharia committee.
good explanation.
DeleteNOR SAZWANI BINTI ABDUL HALIM 1132030
ReplyDeleteKMA
QUESTION 1
Financing = RM 100,000 in December 2016
Monthly payment = RM 2,000
Required:
1. Calculate the ta’widh amount to be paid by Baihaqi.
Ta’widh = 1% × (6 × RM2, 000) = RM 120
2. Calculate the payment to be paid by Baihaqi in the month of September
Total payment of 3 months due = RM120 + (3 × RM2, 000) = RM 6,120
3. What are the differences between Ta’widh and Gharamah.
TA’WIDH
•Earning as abn income for the bank
•Based on real loss
•Fixed at 1%
•Concept is loss due to late payment borne bt creditors
•Customer’s liability is not exceeding 1% of outstanding principle balance.
GHARAMAH
•Earnings will be channelled for charity
•Based on rate by BNM
•Non compounding
•Concept is penalty to avoid late payment
•Shared liability, channel for charity
QUESTION 2
Home Financing = RM 200,000 in January 2016
Monthly payment = RM 4,200
Required:
1. Calculate the amount of late payment charges that Mofaisib has to pay if the penalty rate given is 7.5%.
• Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
• Ta’widh = 1% × (2 × RM 4,200) = RM 84
• Amount late payment charge = RM 630 + RM84 = RM 714
2. Calculate the ta’widh amount to be paid by Mofaisib.
Ta’widh = 1% × (2 × RM 4,200) = RM 84
3. Calculate the gharamah amount to be paid by Mofaisib.
Gharamah = 0.075 × (2 × RM 4, 200) = RM 630
4. Calculate the payment to be paid by Mofaisib in the month of September
Total payment of 6 months due = RM 714 + (6 × RM4, 200) = RM 25,914
5. List all the required treatments should be performed by Islamic banks when dealing with gharamah collection.
If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
good explaination..
DeleteMuhammad Syukri Bin Rahim (1131993) (TMA 2)
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
good try...well done
Delete1132054 (asiah binti mohammad faquaruddin)
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)Ta’widh
• Losses due to late payment are borne by creditor
• Based on real loss
• Fixed at 1%
• Based on outstanding principal balance
• Income to bank
• Customer’s liability is not exceeding 1% of outstanding principal balance
•Recommended as Sharia compliant
• No riba
Gharamah
• Penalty to avoid late payment
• Based on rate by BNM
• Non-compounding
• Based on outstanding principal balance
• Channel to charity
• Shared liability; channel for charity
• Recommended as Sharia compliant
• No riba
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
Muhammad Anas bin Kamaruddin 1132018 TMA2
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
Shafiq Amiru Bin Saidi 1131972
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
SITI NUR AIN BINTI AHATA (1131982)
ReplyDeleteQuestion A
1) Combine late payment charge
= 2,000 x 1% x 3month
= RM60
2) Payment to be paid on September
= [(2,000 x 3) + 60]
= RM6,060
3) Difference Tawidh and Gharamah
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity
Quetion B
1)Amount of late payment (penalty rate 7%)
= [(4,200 x 7.5% x 2month) + 84]
= RM714
2) Tawidh amount
= 4,200 x 1% x 2month
= RM84
3) Gharamah
= 714-84
= RM630
4) Payment to be paid on September
= 714+ (4200 x 4) + (4200 x 2)
= RM25,914
SITI NUR AIN BINTI AHATA (1131982)
DeleteQuestion A
1) Combine late payment charge
= 2,000 x 1% x 3month
= RM60
2) Payment to be paid on September
= [(2,000 x 3) + 60]
= RM6,060
3) Difference Tawidh and Gharamah
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity
Quetion B
1)Amount of late payment (penalty rate 7%)
= (4,200 x 2) x 7.5% = 630
= (4,200 x 2) + 630 = RM9,030
2) Tawidh amount
= 4,200 x 1% x 2month
= RM84
3) Gharamah
= (4,200 x 2) x 6.5% ----------> [7.5% - 1% = 6.5%]
= RM546
4) Payment to be paid on September
= (4,200 x 5) X 7.5% = 1,575
= 1,575 + (4,200 X 5)
= RM22,575
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteNOSURIANA BINTI ZAIMI (1131970)
ReplyDeleteA)
1) ta’adwidh amount to be paid
RM2000 X 1% X 92/365
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
=RM6005.04
3) Different between ta’widh and ghramah
Ta’widh
-refer to the amount that may be compensated to the IBI based on the actual loss incurred due to the default
-rate of charge 1%
-income to the bank
Gharamah
-penalty charged on the default over and above the ta’widh
-rate of charge =not compounded
-The money not be income to the bank,however it is charity
B)
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
#RM26.80 + RM25.90
=RM52.70
2) ta’widh amount
RM4200 X 1% X 61/365
=RM7.02
3)Gharamah amount to be paid
RM52.70 –RM7.02
=Rm45.68
4) payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) Gharamah is the channel of the charity
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteAssalamu'alaikum Dr. This is my answers :)
ReplyDelete[SITI HAJRAH BINTI KHALID 1131987]
A) 1. The Ta’widh amount to be paid by Baihaqi
July: (RM 2,000 X 1%) X 31/365 = RM 1.70
August: (RM 2,000 X 1%) X 31/365 = RM 1.70
September: (RM 2,000 x 1%) x 30/365 = RM 1.64
Total amount: RM 1.70 + RM 1.70 + RM 1.64 = RM 5.04
2. The payment to be paid by Baihaqi in the month of September
(RM 2,000 X 3) + RM 5.04 = RM 6,005.04
3. The differences between Ta’widh and Gharamah are
Ta'widh
1. rate of charge based on actual losses
2. fixed charge rate of 1%
3. compensation for losses caused by late payment by debtors
Gharamah
1. rate of charge is determined by BNM
2. the charges are not compounding
3. to avoid late payment penalties
B) 1. The amount of late payment charges that Mofaisib has to pay if the penalty rate given is 7.5%
April: (RM 4,200 X 7.5%) X 30/365 = RM 25.89
May: (RM 4,200 X 7.5%) X 31/365 = RM 26.75
Total amount: RM 25.89 + RM 26.75 = RM 52.64
2. The Ta’widh amount to be paid by Mofaisib
April: (RM 4,200 X 1%) X 30/365 = RM 3.45
May: (RM 4,200 X 1%) X 31/365 = RM 3.57
Total amount: RM 7.02
3. The Gharamah amount to be paid by Mofaisib
Total amount: RM 52.64 – RM 7.02 = RM 45.62
4. The payment to be paid by Mofaisib in the month of September
(RM 4,200 X 6) + RM 52.64 = RM 25,252.64
5. The required treatments should be performed by Islamic banks when dealing with Gharamah collection is as charitable fund.
sharifah masitah binti tuan sidi 1132052
ReplyDeletequestion A
1) 2000 x 1% x 92/365
= RM5.04
2) 5.04 + (2000 X 3)
= RM6005.04
3)
Ta'widh
- losses due to the late payment are borne by creditor
- the rate based on real loss
- the rate is fixed at 1%
- as the income to the bank
Gharamah
- penalty to avoid late payment
-based on rate by BNM
-the rate is not compounding
-as the channel to charity
question B
1) 4200 x 7.5% x 61/365
= RM52.64
2) 4200 x 1% x 61/365
= RM 7.02
3) 52. 64 - 7.02
= RM45.62
4) 52. 64 x (4200 x 6)
= RM25 252.64
5) the bank cannot recognize the gharamah fund as source of income and should be channeled to charitable organization.
Nurul Jannah bt roswadi tma2 (1132007)
ReplyDeleteA)
1.ta'widh amount
2000x1%x92/365=rm 5.04
2.2000x3 month +rm5.04=rm6,005.04
3.ta'wid
-compensation because of late payment
-1% charge
-as income to bank
Gharamah
-penalty to prevent late payment
-the rate is not compund
-payment to organization in csr form.
B)
1.4200x7.5%x61/365=rm52.64
2.4200x1%x61/365=rm7.02
3.52.64-7.02=45.62
4.4200x6+7.02=25,207.02
5.the collection from gharamah can used as csr for organization.
Correction
Delete4. 4200x6+52.64=rm 25,252.64
NURUL SYATIRAH BINTI KHOSIM 1132010
ReplyDeleteQuestion A
1. Ta'widh amount
July = 2000x1%x31/365 = RM 1.70
August = 2000x1%x31/365 = RM 1.70
September = 2000x1%x30/365 = RM 1.64
Total amount ta'widh = RM1.70+RM1.70+RM1.64 = RM5.04
2. C = (2000X3) + 5.04 = RM 6 005.04
3. Ta'widh
-compensation imposed cause of losses where overdue payment by debtor
-depends on actual loss
-fixed rate 1%
-income for bank
-customer liability not exceed 1% from outstanding principle balance
Gharamah
-penalty for avoid late payment
-the rate by BNM
-cannot compounded
-shared liability, the sources channel to charity bodies
Question 2
1. April (C) = 4200X7.5%X30/365= RM 25.89
May (C) = 4200X7.5%X31/365= RM 26.75
Total amount late payment charges = 25.89 + 26.75 = RM 52.64
2. April (T) = 4200X1%X30/365 = RM 3.45
May (T) = 4200X1%X31/365 = RM3.57
Total Ta'widh = 3.45+3.57 = RM 7.02
3. Gharamah = C-T = 52.64-7.02 = RM 45.62
4. Payment paid in September
(4200x6) + RM 52.64 = RM 25 252.64
5. The required treatment should be performed by Islamic bank when dealing with gharamah collection is the sources from that cannot be classified as bank income because it's the non shariah compliance income so the sources must be channel to the charity bodies.
RASYIDAH AMIRA MOHD 1131995
ReplyDeleteQUESTION A
1. RM2000 X 1% X 92/365 =RM5.04
2. RM2000 X 3 X RM5.04 = RM6005.04
3. TA'WIDH
-compensation because of late payment by the creditor
-based on actual losses
-fixed rate 1%
GHARAMAH
-penalty to avoid late payment
-rate determine by BNM
-no compound
QUESTION B
1. RM4200 X 7.5% X 61/365 =RM52.64
2. RM4200 X 1% X 61/365 =RM7.019
3. RM52.64 - RM7.019 =RM45.62
4. RM4200 X 6 X RM52.64 = RM25252.64
5. If the amount of gharamah is exceed the amount of ta'wid, so the amount should be use for csr
correction:
DeleteQA
2. RM2000 X 3 + RM5.04 = RM6005.04
QB
4. RM4200 X 6 + RM52.64 =RM25252.64
Assalamualaikum...Dr
ReplyDeleteSHAHIRAH BINTI MAT SHAARI 1131999
Question A
1. RM 2000 X 1% X 92/365 = RM 5.04
2. RM 2000 X 3 + RM 5.04 = RM 6005.04
3. Differences between Gharamah and Ta'widh
Gharamah
- Penalty to avoid late payment
- Based on BNM
- No compound
Ta'widh
- Compensation because late payment by debtor
- Based on actual loss
- Fixed rate 1%
Question B
1. RM 4200 X 7.5% X 61/365 = RM 52.64
2. RM 4200 X 1% X 61/365 = RM 7.019
3. RM 52.64 - RM 7.02 = RM 45.62
4. RM 4200 X 6 + RM 52.64 = RM 25252.64
5. Bank will not allow to treat gharamah as income, and any payment must be
distribute to specified charitable body.
This comment has been removed by the author.
ReplyDeleteNAJIHA BT ABD HAMID 1131973
ReplyDeleteQuestion A
1) RM2000 X 1% X 92/365 =RM5.04
2) RM2000 X 3 + RM5.04 = RM6005.04
3) Ta'widh
*compensation because of late payment by the creditor
*based on actual losses
*fixed rate 1%
Gharamah
*penalty to avoid late payment
*rate determine by BNM
*no compound
Question B
1) RM4200 X 7.5% X 61/365 =RM52.64
2) RM4200 X 1% X 61/365 =RM7.019
3) RM52.64 - RM7.019 =RM45.62
4) RM4200 X 6 + RM52.64 = RM25252.64
5) If the amount of gharamah is more than the amount of ta'wid, so they should distribute the amount as a charity since the exceed from gharamah couldn’t accept as an income.
NASIRAH MOHD (1131965)
ReplyDelete(A)
1. TA'WIDH
= [overdue installment x ta'widh rate x (no. of overdue day/365)]
= RM2000 x 1% x (92/365)
= RM5.04
2. TOTAL PAYMENT
= RM2000 x 3 + RM5.04
= RM6, 005.04
3. TA'WIDH:
- recognized as income to the bank
- based on real loss
- fixed charge rate at 1%
- losses due to late payment
GHARAMAH:
- channel to charity
- based on rate by BNM
- non compounding rate
- penalty to avoid late payment
(B)
1. LATE PAYMENT
= RM4, 200 x 7.5% x (61/365)
= RM52.64
2. TA'WIDH
= RM4,200 x 1% x (61/365)
= RM7.02
3. GHARAMAH
= RM52.64 - RM7.02
= RM45.62
4. TOTAL PAYMENT
= RM4,200 x 6 + RM52.64
= RM25, 252.64
5. Gharamah must not be recognised as income and it shall be channeled to charitable organisation that approved by the Shariah Committee.
NURUL ATHIRAH BINTI YACOB 1150588
ReplyDeleteA. Ta’widh = 1% × (3 × RM2000) = RM602)
Total payment of 3 months due = RM60 + (3 × RM2, 000) = RM 6,0603.
The differences between Ta’widh and Gharamah?
Ta’widh
• losses due to late payment borne by creditor
• Based on rental loss.
• Fixed at 1%.
• based on outstanding principal balance • income to bank
Gharamah
• penalty to avoid late payment
• based on rate BNM
• Non compounding. (Rate of real charge)
• based on outstnding
• principal balance
B. 1. Calculate the amount of late payment charges that Mofaisib has to pay if the penalty rate given is 7.5%.
• Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
• Ta’widh = 1% × (2 × RM 4,200) = RM 84
• Amount late payment charge = RM 630 + RM84 = RM 7142.
2.Calculate the ta’widh amount to be paid by Mofaisib.
Ta’widh = 1% × (2 × RM 4,200) = RM 843.
3. Calculate the gharamah amount to be paid by Mofaisib.
Gharamah = 0.075 × (2 × RM 4, 200) = RM 6304.
4. Calculate the payment to be paid by Mofaisib in the month of September
Total payment of 6 months due = RM 714 + (6 × RM4, 200) = RM 25,914
5. The bank should use the gharammah income as the charitble fund
NURAINA BT CHE AHMAD (1131979)
ReplyDeleteQUESTION A.
1) Ta'widh : 1% x RM6,000 = 60
2) Payment on the September = 60 + (2,000 x 3) = RM 6,060
3) The differences between ta'widh and gharamah is the charge from the ta'widh may recognized as income on the basis that it is imposed based on the actual loss that had been face by the Islamic Bank. However, Gharamah is not allowed to be recognized as the income of the Islamic Bank. it must be channeled to the charitable purpose.
QUESTION B.
1)
March = RM4,200 x 7.5% x (31/365) = RM26.75
April = RM4,200 x 7.5% x (30/365) = RM25.89
* The amount of the late payment = RM26.75 + RM25.89 = RM52.64
2) Ta'widh =
March = RM4,200 x 1% x (31/365) = RM3.57
April = RM4,200 x 1% x (30/365) = RM3.45
* Ta'widh = RM3.57 + 3.45 = RM7.02
3) Gharamah = RM52.64 - RM7.02 = RM45.62
4) The payment to be paid by Mofaisib in the month of September = RM52.64 + (6 x RM4,200) = RM25.252.64
5) The Islamic Bank cannot recognized the income from the gharamah as the income of the Islamic Bank. it must channeled it to the charitable purpose.
This comment has been removed by the author.
ReplyDeleteAssalamualaikum Dr.
ReplyDeleteSiti Hajar binti Shamsuri (1131989)
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) Bank should use Gharamah income as the charitable fund
Assalamualaikum Dr.
ReplyDeleteSiti Hajar binti Shamsuri (1131989)
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) Bank should use Gharamah income as the charitable fund
NUR LIYANA KAMARUDDIN (1132011)- TMA 2
ReplyDeleteQuestion 1
1) Ta’widh= RM2,000 x 1%x (31/365)
= 20 x (31/365)
= RM 1.70
=RM2,000 x 1% x (30/365)
=20 x (30/365)
=RM1.64
Total of ta’widh= RM1.70+ RM 1.64= RM 5.04
2) (RM2,000 x 3) + RM 5.04
= RM 6,005.04
Different of ta’widh and gharamah
Ta’widh
1) Fixed rate 1%
2) Income to the bank
Gharamah
1) No compounding
2) Cannot be income to the bank should be used for charitable purpose
Question 2
1) Amount of late payment
(RM4,200 x 7.5%) x (30/365)
= 315 x (30/365)
= RM 25.90
(RM4,200 x 7.5%) x (31/365)
= 315 x (31/365)
=RM 26.75
=RM 52.65
2) Ta’widh amount to be paid
(RM4,200 x 1%) x (30/365)
= RM 3.45
= (RM4,200 x 1%) x (31/365)
=RM 3.57
=RM 7.02
3) Gramah amount to be paid
RM 25.90- RM 3.45= RM 22.45
RM 26.75- RM 3.57= RM23.18
=RM22.45+RM 23.18= RM 45.63
4) Payment to be paid in the month of May
RM 52.65+ RM 8,400= RM 8,452.65
5) Treatment of dealing with gharamah collection
Disposal for the charitable purpose
A. Ta’widh = 1% × (3 × RM2000) = RM602)
ReplyDeleteTotal payment of 3 months due = RM60 + (3 × RM2, 000) = RM 6,0603.
The differences between Ta’widh and Gharamah?
Ta’widh
• losses due to late payment borne by creditor
• Based on rental loss.
• Fixed at 1%.
• based on outstanding principal balance • income to bank
Gharamah
• penalty to avoid late payment
• based on rate BNM
• Non compounding. (Rate of real charge)
• based on outstnding
• principal balance
B. 1. Calculate the amount of late payment charges that Mofaisib has to pay if the penalty rate given is 7.5%.
• Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
• Ta’widh = 1% × (2 × RM 4,200) = RM 84
• Amount late payment charge = RM 630 + RM84 = RM 7142.
2.Calculate the ta’widh amount to be paid by Mofaisib.
Ta’widh = 1% × (2 × RM 4,200) = RM 843.
3. Calculate the gharamah amount to be paid by Mofaisib.
Gharamah = 0.075 × (2 × RM 4, 200) = RM 6304.
4. Calculate the payment to be paid by Mofaisib in the month of September
Total payment of 6 months due = RM 714 + (6 × RM4, 200) = RM 25,914
5. The bank should use the gharammah income as the charitble fund
1132056 AMIRA SHUHADA BINTI TAMBY SUDEEN
This comment has been removed by the author.
ReplyDelete(Muhammad Muhaimin Bin Mat Noh) (1132034) (TMA3)
ReplyDeleteQ-A
1) Ta’widh for July and August= (RM 2000x 1% x 31/365) x2
= 1.7 x 2
= RM 3.40
Ta’widh for September= (RM 2000x 1% x 30/365)
= RM 1.64
Total ta’widh= RM 3.40 + RM1.64
= RM 5.04
2) Payment Pay at September = RM 2000(x3) + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh:
Ta’widh:
-Fix rated is 1%
-As Income to the bank
Gharamah:
-Not compounded
-The money cannot count as an income to the bank and should channel for charity.
Q-B
1) Late payment charged= (RM 4200 x 7.5% x 30/365) + (RM 4200 x 7.5% x 31/365)
= RM 25.90 + RM 26.80
= RM 52.70
2) Total Ta’widh = (RM 4200 x 1% x 30/365) + (RM 4200 x 1% x 31/365)
= RM 3.45 + RM 3.57
=RM 7.02
3) Total Gharamah = Total payment charged – Total Ta’widh
= RM 52.70 - RM 7.02
= RM 45.68
4) The payment that Mofaisib need to pay = (RM 4200 x 2) + RM 52.70
= RM 8452.7
5) Gharamah cannot be as bank’s income and should use for charity purpose
1150615
ReplyDeleteIMIEZATULNUR'AINNABILA BINTI MAHIDIN
TMC2
Question 1
1) ta'widh
July : 1% x 2000 x 31/365 = 1.70
Ags : 1% x 2000 x 31/365 = 1.70
Sept : 1% x 2000 x 30/365 = 1.64
Ta'widh amount RM 5.04
2) payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3) different between ta'widh and gharamah
Ta'widh
Concept : compensation for the loss of late payment
Rate : 1% base on actual loss
Payment : income to bank
Gharamah
Concept : penalty to avoid late payment
Rate : no compounding ditentukan oleh BNM
Payment : channel to charity
Question 2
1) late payment charged
Apr : 7.5% x 4200 x 30/365 = 25.89
Mei : 7.5% x 4200 x 31/365 = 26.75
Total = RM 52.64
2) ta'widh
Apr : 1% x 4200 x 30/365 = 3.45
Mei : 1% x 4200 x 31/365 = 3.57
Total = RM 7.02
3) gharamah
G = C - T
RM 52.64 - RM 7.02
= RM 45.62
4) payment in month of sept
Apr - sept : 6 month
Ta'widh : RM 7.02
Gharamah : RM 45.62
Late payment : RM 25200 (4200 x 6)
TOTAL : RM 25252.64
5) dealing with gharamah
The gharamah amount need to be channeled to charity.
Ain Syafiqah Bt Zulkurnian
ReplyDelete1150598
TMC1
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5. List all the required treatments should be performed by Islamic banks when dealing with gharamah collection.
If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteAZUIN BT ZAINUDDIN
ReplyDelete1150581 TMC1
Question A
1. Ta'widh amount
July = 2000x1%x31/365 = RM 1.70
August = 2000x1%x31/365 = RM 1.70
September = 2000x1%x30/365 = RM 1.64
Total amount ta'widh = RM1.70+RM1.70+RM1.64 = RM5.04
2. C = (2000X3) + 5.04 = RM 6 005.04
3. Ta'widh
-compensation imposed cause of losses where overdue payment by debtor
-depends on actual loss
-fixed rate 1%
-income for bank
-customer liability not exceed 1% from outstanding principle balance
Gharamah
-penalty for avoid late payment
-the rate by BNM
-cannot compounded
-shared liability, the sources channel to charity bodies
Question 2
1. April (C) = 4200X7.5%X30/365= RM 25.89
May (C) = 4200X7.5%X31/365= RM 26.75
Total amount late payment charges = 25.89 + 26.75 = RM 52.64
2. April (T) = 4200X1%X30/365 = RM 3.45
May (T) = 4200X1%X31/365 = RM3.57
Total Ta'widh = 3.45+3.57 = RM 7.02
3. Gharamah = C-T = 52.64-7.02 = RM 45.62
4. Payment paid in September
(4200x6) + RM 52.64 = RM 25 252.64
5. The required treatment should be performed by Islamic bank when dealing with gharamah collection is the sources from that cannot be classified as bank income because it's the non shariah compliance income so the sources must be channel to the charity bodies.
This comment has been removed by the author.
ReplyDeleteNURFITRINA NAJWA BINTI MOHD ADZHAR (TMC2)
ReplyDelete1150614
QUESTION A
1) RM 2,000 X 1% X 92/365 = RM 5.04
2) RM 2,000 X 3 + RM 5.04 = RM 6005.04
3) TA'WIDH
- Loses due to late payment are borne by creditors
- Based on real loss
- Fixed 1 %
- Income to bank
- Customer's liability is not exceeding 1% of outstanding principle balance
- No riba
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- Non compounding
- Channel to charity
- Shared liability; channel for charity
- No riba
QUESTION B
1) RM 4,200 X 7.5% X 61/365 = RM 52.64
2) RM 4,200 X 1% X 61/365 = RM 7.02
3) RM 52.64 - RM 7.02 = RM 45.62
4) RM 4,200 X 6 + RM 7.02 = RM 25,207.02
5) The bank should use the gharammah income as charitble fund
Muhammad Nur Aizat Bin Nazir (1132023) (TMA 3)
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 days
August RM 2000 31 days
September RM 2000 30 days
Total RM 6000
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Not exceed 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 days
May RM4200 31 days
Total RM 8400
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
NUR IZZANI BT RAIF
ReplyDelete1150580 TMC1
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
Ainul Farhana bt Azid 1131984 TMA1
ReplyDeleteMonth Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
NUR NAJIIHAH BINTI RAZALI
ReplyDelete1131996
A. Financing = RM 100,000 in December 2016
Monthly payment = RM 2,000
1) Ta’widh = 1% × (3 × RM2000) = RM60
2) Total payment of 3 months due = RM60 + (3 × RM2, 000) = RM 6,060
3. The differences between Ta’widh and Gharamah?
Ta’widh
• Earning as an income for the bank (Use of proceeds)
• Based on real loss. (Rate of real charge)
• Fixed at 1%. (Rate of real charge)
• Concept is loss due to late payment are borne by creditors (Concepts)
• Customer’s liability is not exceeding 1% of outstanding principle balance. (Liability)
• Islamic banks may recognise ta’widh as an income on the basis that it is imposed as a compensation for the actual loss suffered by the Islamic banking institutions. (Accountability)
Gharamah
• Earnings will be channelled for charity. (Use of proceeds)
• Based on rate by BNM. (Rate of real charge)
• Non compounding. (Rate of real charge)
• Concept is penalty to avoid late payment. (Concepts)
• Shared liability, channel for charity. (Liability)
• Gharamah cannot be taken into account as an income instead it must be channelled to certain charities. (Accountability)
B. Home Financing = RM 200,000 in January 2016
Monthly payment = RM 4,200
1)
• Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
• Ta’widh = 1% × (2 × RM 4,200) = RM 84
• Amount late payment charge = RM 630 + RM84 = RM 714
2) Ta’widh = 1% × (2 × RM 4,200) = RM 84
3) Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
4) Total payment of 6 (April to September) months due = RM714 + (6 × RM4, 200)
= RM 25, 914
5) If the Bank chose only to charge Ta’widh most Banks used anyway, the maximum rate chargeable is up to 1.0% of the arrears amount (non-compounding). This 1.0% charge may be recorded in the Bank’s books as “Revenue” to off-set the actual expenses incurred in managing the delinquent account. This 1.0% charge must also be review, justified and approved by the Bank’s internal Sharia committee members on a yearly basis.
If the Bank chose to charge both Ta’widh and Gharamah, there is a specific treatment required for Gharamah. While Ta’widh’s treatment remains the same as above, Gharamah can only be taken for the penalising the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to charity and must not go into the revenue books of any kind. The Bank must not derive any benefits from Gharamah, directly or indirectly, and this charity amount must be managed under the oversight of the Sharia committee.
Question A
ReplyDelete1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) Bank should use Gharamah income as the charitable fund
Question A
ReplyDelete1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) Bank should use Gharamah income as the charitable fund
NOR FATIN SYAHIRAH BINTI SANIMAN (1150609) TMC2
ReplyDeleteA)
1. Calculate the ta’widh amount to be paid by Baihaqi.
July : 1% x 2000 x 31/365 = 1.70
Ags : 1% x 2000 x 31/365 = 1.70
Sept : 1% x 2000 x 30/365 = 1.64
Ta'widh amount RM 5.04
2. Calculate the payment to be paid by Baihaqi in the month of September
payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3. What are the differences between Ta’widh and Gharamah.
Ta'widh
-losses due to late payment are borne by creditors
-based on real loss
-fixed at 1%
-based on outstanding principal balance
-income to bank
-customer's liability is not exceeding 1% of outstanding principal balance
- recommended as shariah compliant
-no riba
Gharamah
-penalty to avoid late payment
-based on rate by BNM
-non compounding
-based on outstanding principal blance
-channel to charity
-shared liability:channel for charity
-recommended as shariah compliant
-no riba
B)
1. Calculate the amount of late payment charges that Mofaisib has to pay if the penalty rate given is 7.5%.
Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2. Calculate the ta’widh amount to be paid by Mofaisib.
Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3. Calculate the gharamah amount to be paid by Mofaisib.
Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4. Calculate the payment to be paid by Mofaisib in the month of September
(4200x6) + RM 52.64 = RM 25 252.64
5. List all the required treatments should be performed by Islamic banks when dealing with gharamah collection.
1)Banks are allowed to charge Late Payment Charges (LPC) up to the Average Financing Rate (AFR) of a portfolio. For example, the portfolio of an Islamic Mortgage has an AFR of 6.0% p.a., the Banks can therefore charge an LPC of up to 6.0%. This calculation of 6.0% must be submitted to BNM on a yearly basis for their review and approval.
2)The LPC itself is split into 2 components i.e. Compensation (Ta’widh) and Penalty (Gharamah). Banks are allowed to charged either LPC i.e. Ta’widh + Gharamah, or just Compensation i.e. (Ta’widh).
3)If the Bank chose only to charge Ta’widh (which is business as usual for most Banks anyway), the maximum rate chargeable is up to 1.0% of the arrears amount (non-compounding). This 1.0% charge may be recorded in the Bank’s books as “Revenue” to off-set the actual expenses incurred in managing the delinquent account. This 1.0% charge must also be review, justified and approved by the Bank’s internal Sharia committee members on a yearly basis.
4)If the Bank chose to charge the LPC i.e. both Ta’widh and Gharamah, there is a specific treatment required for Gharamah. While Ta’widh’s treatment remains the same as above, Gharamah can only be taken for the penalising the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind. The Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee.
5)As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognise up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
There is also a change in the compensation for off-tenure accounts i.e. accounts already expired or matured. For such accounts, BNM allows the usage of the daily Islamic Interbank Money Market (IIMM) rate for the LPC calculation on the Balance Outstanding. In this case, the whole amount can be recognised as Bank’s revenue
This comment has been removed by the author.
ReplyDeleteSITI BALQIS BINTI ROSLAN
ReplyDelete1152468 TMC2
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSITI MUSFIROH BINTI ZAINAL
ReplyDelete1150591 TMC1
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) What are the differences between Ta’widh and Gharamah.
- Ta’widh = claim for compensation arrising from actual loss suffered by the financial due to the delayed payment of financing /debt amount by the customer.
- Gharamah = penalty charges imposed for delayed in financing/debt settlement without the need to prove the actual loss suffered. It shall not be recognized as income.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
NUR HAMIZAH BT HASSAN
ReplyDeleteTMC 1
1150585
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
MAIZATUL AN-NISA' BINTI MOHD ZAIN
ReplyDelete1150612
TMC2
1. Ta'widh amount
July = 2000x1%x31/365 = RM 1.70
August = 2000x1%x31/365 = RM 1.70
September = 2000x1%x30/365 = RM 1.64
Total amount ta'widh = RM1.70+RM1.70+RM1.64 = RM5.04
2. C = (2000X3) + 5.04 = RM 6 005.04
3. Ta'widh
-compensation imposed cause of losses where overdue payment by debtor
-depends on actual loss
-fixed rate 1%
-income for bank
-customer liability not exceed 1% from outstanding principle balance
Gharamah
-penalty for avoid late payment
-the rate by BNM
-cannot compounded
-shared liability, the sources channel to charity bodies
Question 2
1. April (C) = 4200X7.5%X30/365= RM 25.89
May (C) = 4200X7.5%X31/365= RM 26.75
Total amount late payment charges = 25.89 + 26.75 = RM 52.64
2. April (T) = 4200X1%X30/365 = RM 3.45
May (T) = 4200X1%X31/365 = RM3.57
Total Ta'widh = 3.45+3.57 = RM 7.02
3. Gharamah = C-T = 52.64-7.02 = RM 45.62
4. Payment paid in September
(4200x6) + RM 52.64 = RM 25 252.64
5. The required treatment should be performed by Islamic bank when dealing with gharamah collection is the sources from that cannot be classified as bank income because it's the non shariah compliance income so the sources must be channel to the charity bodies.
MUHAMMAD SHAWAL BIN AZMAN
ReplyDelete1152469
TMC2
Question A
1) Ta’widh amount to be paid by Baihaqi
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
Mohammad amir intizam bin ibrahim 1150613
ReplyDeleteQuestion A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
NUR JELITA ISMAIL
ReplyDelete1131977
TMA1
QUESTION A:
1) RM2000 x 1% x 92/365
= RM 5.04
2) RM2000 x 3 month + RM 5.04
= RM 6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
QUESTION B:
1) RM4200 x 7.5% x 61/365
= RM 52.64
2) RM4200 x 1% x 61/365
= RM 7.20
3) RM 52.64 - RM 7.20
= RM 45.62
4) RM 4200 x 6 month + RM 52.64
= RM 25,252.64
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
NURUL SYAFIQAH KADIR
ReplyDelete1132001
TMA2
QUESTION A:
1) RM2000 x 1% x 92/365
= RM 5.04
2) RM2000 x 3 month + RM 5.04
= RM 6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
QUESTION B:
1) RM4200 x 7.5% x 61/365
= RM 52.64
2) RM4200 x 1% x 61/365
= RM 7.20
3) RM 52.64 - RM 7.20
= RM 45.62
4) RM 4200 x 6 month + RM 52.64
= RM 25,252.64
5)Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to charity or csr and cannot put into the revenue.
MOHAMAD RIDZUAN BIN JAMALUDDIN 1150605
ReplyDeleteTMC 2 MARKETING
QUESTION A
1)TA'WIDH TO BE PAID
JULY AND AUGUST (31 DAYS X 2)
- (RM 2000 X 31/365 X 1%) X 2
= RM 3.40
SEPTEMBER
- RM 2000 X 30/365 X 1%
= RM 1.64
TOTAL : RM 3.40 + RM 1.64 = RM 5.04
2) PAYMENT TO BE PAID IN THE MONTH OF SEPTEMBER
TOTAL TA'WIDH + TOTAL 3 MONTHS PAYMENT
-RM 5.04 + (RM 2000 X 3)
= RM 6005.04
3) DIFFERENCES BETWEEN TA'WIDH AND GHARAMAH
TA'WIDH
- BASED ON REAL LOSS
- INCOME TO BANK
GHARAMAH
- BASED ON RATE BY BNM
- CHANNELED TO CHARITY
QUESTION B
1) AMOUNT OF LATE PAYMENT CHARGES HAS TO PAY (7.5%)
APRIL
- RM 4200 X 31/365 X 7.5%
= RM 26.75
MAY
- RM 4200 X 30/365 X 7.5%
= RM 25.90
TOTAL
= RM 52.65
2) TA'WIDH AMOUNT TO BE PAID
APRIL
- RM 4200 X 31/365 X 1%
= RM 3.57
MAY
- RM 4200 X 30/365 X 1%
= RM 3.45
TOTAL
= RM 7.02
3) GHARAMAH TO BE PAID
APRIL
- RM 26.75 - RM 3.57
= RM 23.18
MAY
- RM25.90 - RM 3.45
= RM 22.45
TOTAL
= RM 45.63
4) PAYMENT TO BE PAID IN SEPTEMBER
( 6 MONTHS X RM 4200 ) + RM 52.65
= RM 25252.65
5) GHARAMAH TREATMENT
- CHANNELED TO CHARITABLE BODIES.
NUR AMIRAH BT MAZUKI 1131975 TMA1
ReplyDeleteMonth Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
3)Charge rate based on actual losses
Gharamah:
1)Not compounded
2)The money cannot be income to the bank and should use for charity
3)Charged according to BNM
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay is (6 X RM4200) + RM52.70
=RM25252.70
5)The bank should use gharamah income as the charitable fund.
Nur Fatonah Bt Adnan (1131981) KMA
ReplyDeleteQuestion A
1) July & August
(RM 2000x 1%) x (31/365)
= 20 x (31/365)
= RM 1.70
September
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
=RM 1.64
RM(1.70+1.70+1.64)
=RM 5.04
2) July RM 2000
August RM 2000
September RM 2000
Total RM 6000
RM 6000 + RM 5.04
= RM 6005.04
3) The difference between gharamah and Ta’widh is
Ta’widh:
1) Shall be compensated up to the amount of actual loss incurred
2) Shall not be more than 1% per annum
3) Shall recognize the ta’widh charges as ‘non-profit income’ in the income statement
Gharamah:
1) Shall be channeled to charitable organization(s)
2) Shariah does not allow gharamah to be recognized as a source of income
Question B
1) April
(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= RM 25.9
May
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=RM 26.8
RM (25.9+26.8)
=RM 52.7
2) Ta’widh
(RM 4200 x 1%) x (30/365)
= 42 x (30/365)
=RM 3.45
(RM 4200 x 1%) x (31/365)
= 42 x (31/365)
=RM 3.57
RM (3.45+3.57)
=RM 7.02
3) Gharamah
RM (52.7 - 7.02)
=RM 45.68
4) The payment that Mofaisib need to pay
(RM 4200 x 6 months) + RM 52.7
=RM 25,252.7
5) Gharamah collection should be channeled to charitable organization(s)
Mohamad Amirul Bin Rusli 1131985 TMA1
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 days
August RM 2000 31 days
September RM 2000 30 days
Total RM 6000
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Not exceed 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 days
May RM4200 31 days
Total RM 8400
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
NOR AFIFAH ALWANI BINTI MOHD ADABI TMA4 (1132730)
ReplyDeleteQuestion 1
1) Ta’widh= RM2,000 x 1%x (31/365)
= 20 x (31/365)
= RM 1.70
=RM2,000 x 1% x (30/365)
=20 x (30/365)
=RM1.64
Total of ta’widh= RM1.70+ RM 1.64= RM 5.04
2) (RM2,000 x 3) + RM 5.04
= RM 6,005.04
Different of ta’widh and gharamah
Ta’widh
1) Fixed rate 1%
2) Income to the bank
Gharamah
1) No compounding
2) Cannot be income to the bank should be used for charitable purpose
Question 2
1) Amount of late payment
(RM4,200 x 7.5%) x (30/365)
= 315 x (30/365)
= RM 25.90
(RM4,200 x 7.5%) x (31/365)
= 315 x (31/365)
=RM 26.75
=RM 52.65
2) Ta’widh amount to be paid
(RM4,200 x 1%) x (30/365)
= RM 3.45
= (RM4,200 x 1%) x (31/365)
=RM 3.57
=RM 7.02
3) Gramah amount to be paid
RM 25.90- RM 3.45= RM 22.45
RM 26.75- RM 3.57= RM23.18
=RM22.45+RM 23.18= RM 45.63
4) Payment to be paid in the month of May
RM 52.65+ RM 8,400= RM 8,452.65
5) Treatment of dealing with gharamah collection
Disposal for the charitable purpose
Assalamualaikum Dr..
ReplyDelete(NOR SYAFIQA JUHARI 1131967)
QUESTION A:
1) JULY: (RM 2000 x 1%) x (31/365) = RM1.70
AUGUST: (RM 2000 x 1%) x (31/365) = RM1.70
SEPTEMBER :( RM 2000 x 1%) x (30/365) = RM1.64
OTAL TA’WIDH: RM1.70 + RM1.70 + RM1.64 = RM5.04
2) Total Payment must be paid by Baihaqi in the month of September
(Rm 2,000 X 3) +RM5.04 = RM 6,005.04
3) Difference Ta'widh and Gharamah :
Ta'widh:
- 1% fixed rate
- ta'widh charge recognized as 'Non-profit income'
Gharamah:
- Not compounded
- gharamah not be recognizes as source of income, channelled into charity funds
QUESTION B:
1) Late of payment charged
APRIL :( RM 4,200 X 7.5%) (31/365) = RM25.89
MAY: (RM 4,200 X 7.5%) (30/365) = RM 26.75
TOTAL AMOUNT WILL CHARGE: RM 25.89 + RM 26.75 = RM 52.64
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57 = RM7.02
3) Gharamah amount have to be paid by Mufaisib:
RM 52.64 –RM7.02 = RM 45.62
4) Payment to be paid in the month of September
(6 X RM 4,200) + RM 52.64 = RM 25,252.64
5) Gharamah cannot be recognizes as source of income to the bank. Thus, Islamic Bank should deal the Gharamah collection by channelling the fund to the charity.
NUR RAZAN BINTI MOHMAD JAMIL (1132025) TMA3
ReplyDeleteQUESTION A
1. Ta'widh = overdue instalment(s) X ta'widh rate X [no. of overdue day(s)/365]
= RM 2,000 X 1% X (92/365)
= RM 5.04
2. Payment to be paid by Baihaqi in the month of September;
= (RM 2,000 X 3) + RM 5.04
= RM 6,005.04
3. The differences between ta'widh & gharamah:
Ta'widh;
-Concept: The compensation for losses due to the late payment by the debtor.
-Charged rate: Based on actual losses, fixed rate 1%.
-Payment: Income to the bank.
Gharamah;
-Concept: Penalty to prevent late payment.
-Charged rate: Determined by BNM, no compounding.
-Payment: Not to the bank, but to the charitable organisation.
QUESTION B
1. Amount of late payment charges = RM 4,200 X 7.5% X (61/365)
= RM 52.64
2. Ta'widh = overdue instalment(s) X ta'widh rate X [no. of overdue day(s)/365]
= RM 4,200 X 1% X (61/365)
= RM 7.02
3. Gharamah(G) = Late payment charge(C) - Ta'widh(T)
G = C - T
= RM 52.64 - RM 7.02
= RM 45.62
4. Payment to be paid in September = (RM 4,200 X 6) + RM 52.64
= RM 25,200 + RM 52.64
= RM 25, 252.64
5. The bank could not recognized gharamah as income; the gharamah collection should be given to the charitable organisation.
NURLYANNA ZULKIFLI
ReplyDelete1131986
TMA1
Question 1
1) ta'widh
July : 1% x 2000 x 31/365 = 1.70
Ags : 1% x 2000 x 31/365 = 1.70
Sept : 1% x 2000 x 30/365 = 1.64
Ta'widh amount RM 5.04
2) payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3) different between ta'widh and gharamah
Ta'widh
Concept : compensation for the actual loss due to default
Rate : 1% base on actual loss
Payment : income to bank
Gharamah
Concept : penalty charged on defaulters
Rate : no compounding ditentukan oleh BNM
Payment : channel to charity
Question 2
1) late payment charged
Apr : 7.5% x 4200 x 30/365 = 25.89
Mei : 7.5% x 4200 x 31/365 = 26.75
Total = RM 52.64
2) ta'widh
Apr : 1% x 4200 x 30/365 = 3.45
Mei : 1% x 4200 x 31/365 = 3.57
Total = RM 7.02
3) gharamah
G = C - T
RM 52.64 - RM 7.02
= RM 45.62
4) payment in month of sept
Apr - sept : 6 month
Ta'widh : RM 7.02
Gharamah : RM 45.62
Late payment : RM 25200 (4200 x 6)
TOTAL : RM 25252.64
5) dealing with gharamah
The gharamah amount need to be channeled to charity.
SITI ZAKIAH BINTI MOHAMAD ALI (TMA3) (1132032)
ReplyDeleteQUESTION A
1)Ta’widh:
RM2,000 × 1% × (31/365) = RM1.70
RM2,000 × 1% × (30/365) = RM1.64
Total of Ta’widh = RM1.70 + RM1.64 = RM5.04
2)The payment to be paid by Baihaqi in the month of September:
(RM2,000 × 3) + RM5.04 = RM6,005.04
3)Different between Ta’widh and Gharamah:
Ta’widh :
i. Fixed at 1%
ii. Based on real loss
iii. Concept is loss due to late payment
Gharamah :
i. Non-compounding
ii. Based on rate by BNM
iii. Concept is penalty to avoid late payment
QUESTION B
1)Amount of late payment
April = (RM4,200 × 7.5%) × (31/365) = RM 25.89
May = (RM4,200 × 7.5%) × (30/365) = RM 26.75
Total amount will be charge = RM 25.89 + RM 26.75 = RM 52.64
2)Ta’widh:
(RM4,200 × 1%) × (30/365) = RM 3.45
(RM4,200 × 1%) × (31/365) = RM 3.57
Total of Ta’widh = RM3.45 + RM3.57 = RM7.02
3)Gharamah: RM52.64 – RM7.02 = RM45.62
4)Payment to be paid in the month of September: (RM6 × RM4,200) + RM52.64 = RM25,252.64
5)The required treatments should be performed by Islamic banks when dealing with Gharamah collection is a charitable fund.
Nur Amni Bt md Najib 1131976 TMA1
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 days
August RM 2000 31 days
September RM 2000 30 days
Total RM 6000
1) ( 2000 x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
=1.7+1.7+1.64
=5.04
2) 6000 + 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Not exceed 1%
2)Income to the bank
3)claim of loses because of over due date in paying the installment
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
3) penalty to prevent from late payment
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 days
May RM4200 31 days
Total RM 8400
1)( 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
( 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay is RM 8452.7
5)The bank should use gharamah income as the charitable fund
AMIRAH AHMAD SHUKRI (1132012)-TMA2
ReplyDeleteQUESTION A:
1. Ta'widh= (1%xRM2000)x((31+31+30)/365) = RM5.04
2. Payment= (3monthsxRM2000)+RM5.04 = RM6005.04
3. Ta'widh VS Gharamah =
Ta'widh;
-It is a compensation for losses due to the late payment by the debtor.
-Its charged rate is based on actual losses, fixed rate 1%.
-The payment from ta'widh could be the bank's income
Gharamah;
-It is a penalty to prevent late payment.
-The charged rate is determined by BNM, and there is no compounding.
-the payment for gharamah is not for the bank, yet to the charity
QUESTION B:
1. Late payment charges = (7.5%xRM4200)x((30+31)/365) = RM52.64
2. Ta'widh = (1%xRM4200)x((30+31)/365) = RM7.02
3. Gharamah = RM52.64 - RM7.02 =RM45.62
4. Payment in sept = (6xRM4200)+RM52.64 =RM25252.64
5. The payment that bank got from gharamah could not be considered as bank's income as it is a non shariah compliance income, so it should be used for charitable purposes
Muhammad amirshazwan bin md ali 1152332
ReplyDeleteMonth Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
Amirul syafiq bin abdullah -1132000-
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 days
August RM 2000 31 days
September RM 2000 30 days
Total RM 6000
1) ( 2000 x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
=1.7+1.7+1.64
=5.04
2) 6000 + 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Not exceed 1%
2)Income to the bank
3)claim of loses because of over due date in paying the installment
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
3) penalty to prevent from late payment
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 days
May RM4200 31 days
Total RM 8400
1)( 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
( 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay is RM 8452.7
5)The bank should use gharamah income as the charitable fund
Siti Noorsyafiqah bte Ahmad Taufik (1132060)
ReplyDeleteQUESTION 1
a) July = RM 2,000 X 1% X 31/365 = RM 1.70
Aug. = RM 4,000 X 1% X 31/365 = RM 3.40
Sept = RM 6,000 X 1% X 30/365 = RM 4.93
Total of Ta'widh=RM 10.03
b) (RM 2,000 X 3) + RM 10.03 = RM 6,010.03
C)Differences between ta'widh and gharamah
Ta'widh
-Compensation on loss incurred due to default payment
-charge rate due to actual loss
-fixed rate 1%
-Payment is income to the bank
-customers liability is not exceeding 1% of outstanding principal balance
Gharamah
-Penalty charged to avoid the late payment from customer.
-charge rate will be imposed by BNM
-No compounding
-Payment is Channel to charity
-The liability will be shared
QUESTION 2
a) April = RM 4,200 X 7.5% X 30/365 = RM 25.89
Mei = RM 8,400 X 7.5% X 31/365 = RM 53.51
RM 79.40
B) April = RM 4,200 X 1% X 30/365 = RM 3.45
Mei = RM 8,400 X 1% X 31/365 = rm 7.13
Total of ta'widh = RM 10.98
C) G = C- T
= RM 79.40- RM 10.98
= RM 68.42
D) (RM 4,200 X 2) + RM 10.98 = RM 8, 410.98
E)
(i) The judgement creditor is required to channel the amount of
gharamah to charitable organisation(s). The administration of
gharamah to approved benefactors/chartable organisation(s) shall
be determined by the Shariah Committee.
(ii) The IBI is required to submit a report to Jabatan Perbankan
Islam dan Takaful, Bank Negara Malaysia, on the gharamah
allocation made by the IBI, on an annual basis in conjunction with
their annual financial report submissions.
This comment has been removed by the author.
ReplyDeleteNURNADIATUL ADIBAH BT RADZULAI (1150611)
ReplyDeleteQUESTION A
1)Ta'widh to be paid
July and August
= (RM 2000 X 1% X 31/365 ) X 2
= RM 3.40
September
= RM 2000 X 1% X 30/365
= RM 1.64
Total amount ta’widh
= RM 3.40 + RM 1.64
= RM 5.04
2) Payment to be paid in the month of September
Total 3 months payment
= RM 2000 X 3
= RM 6000
Total 3 months payment + total amount ta’widh
= RM 6000 + RM 5.04
= RM 6005.04
3) Differences between ta'widh and gharamah
Ta’widh
Concept : compensation for the loss of late payment
Rate : 1% base on actual loss
Payment : income to bank
Gharamah
Concept : penalty to avoid late payment
Rate : no compounding, determined by BNM
Payment : channel to charity
QUESTION B
1) Amount of late payment charges
April
= RM 4200 X 7.5% X 30/365
= RM 25.90
May
= RM 4200 X 7.5% X 31/365
= RM 26.75
TOTAL
= RM 25.90 + RM 26.75
= RM 52.65
2) Ta'widh amount
APRIL
= RM 4200 X 1% X 30/365
= RM 3.45
MAY
= RM 4200 X 1% X 31/365
= RM 3.57
TOTAL
= RM 3.45 + RM 3.57
= RM 7.02
3) Gharamah
April
= RM 26.75 - RM 3.45
= RM 23.30
May
= RM25.90 - RM 3.57
= RM 22.33
TOTAL
= RM 23.30 + RM 22.33
= RM 45.63
4) Payment to be paid in September
( RM 4200 X 6 month ) + RM 52.65
= RM 25252.65
5) Gharamah treatment
Bank should use gharamah income as the charitable fund
[Siti Syahirah Fatimah bt Aman, 1132049, TMA3]
ReplyDelete(A)
1. TA'WIDH
= [overdue installment x ta'widh rate x (no. of overdue day/365)]
= RM2000 x 1% x (92/365)
= RM5.04
2. TOTAL PAYMENT
= RM2000 x 3 + RM5.04
= RM6, 005.04
3. TA'WIDH:
- recognized as income to the bank
- based on real loss
- fixed charge rate at 1%
- losses due to late payment
GHARAMAH:
- channel to charity
- based on rate by BNM
- non compounding rate
- penalty to avoid late payment
(B)
1. LATE PAYMENT
= RM4, 200 x 7.5% x (61/365)
= RM52.64
2. TA'WIDH
= RM4,200 x 1% x (61/365)
= RM7.02
3. GHARAMAH
= RM52.64 - RM7.02
= RM45.62
4. TOTAL PAYMENT
= RM4,200 x 6 + RM52.64
= RM25, 252.64
5. Gharamah must not be recognised as income and it shall be channeled to charitable organisation that approved by the Shariah Committee
NUR HAZIRAH BT MOHAMAD AZIZ (1132041)
ReplyDeleteTMA 3
ANSWER
A :
1. RM 60
2. RM 6060
3. Differences between Ta'widh and Gharamah :
TA'WIDH :
1. Bank can make it as income
2. claim for compensation based on actual loss.
GHARAMAH :
1.bank channel to charity
2. Penalty without need to prove actual loss.
B
1.RM 714
2.RM 84
3. RM 630
4. RM 25,914
5) Treatment needed when deal with gharamah is Bank should calculate the penalty based on actual loss.
FARHANAH WAFA' BINTI MOHD WAZIR 1132051
ReplyDeletePART A:
1) Ta’widh = 1% × (3 × RM2000) = RM60
2) Total payment in the month of September = RM60 + (3 × RM2, 000) = RM 6,060
3) Ta'widh is penalty agreed upon by the contracting parties as compensation that can rightfully be claimed by the creditor when the debtor fails or is late in meeting his obligation to pay back the debt. While gharamah is a penalty or fine imposed for late off the debt, without proof of the existence of the actual loss.
PART B:
1) Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
Ta’widh = 1% × (2 × RM 4,200) = RM 84
Amount late payment charge = RM 630 + RM84 = RM 714
2) Ta’widh = 1% × (2 × RM 4,200) = RM 84
3) Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
4) Total payment of 6 months due = RM714 + (6 × RM4, 200)
= RM 25, 914
Wan Nazurah Iffah binti Wan Ayup
ReplyDelete1132053
TMA 4
Question 1
1) ta'widh
July : 1% x 2000 x 31/365 = 1.70
Ags : 1% x 2000 x 31/365 = 1.70
Sept : 1% x 2000 x 30/365 = 1.64
Ta'widh amount RM 5.04
2) payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3) different between ta'widh and gharamah
Ta'widh
Concept : compensation for the actual loss due to default
Rate : 1% base on actual loss
Payment : income to bank
Gharamah
Concept : penalty charged on defaulters
Rate : no compounding ditentukan oleh BNM
Payment : channel to charity
Question 2
1) late payment charged
Apr : 7.5% x 4200 x 30/365 = 25.89
Mei : 7.5% x 4200 x 31/365 = 26.75
Total = RM 52.64
2) ta'widh
Apr : 1% x 4200 x 30/365 = 3.45
Mei : 1% x 4200 x 31/365 = 3.57
Total = RM 7.02
3) gharamah
G = C - T
RM 52.64 - RM 7.02
= RM 45.62
4) payment in month of sept
Apr - sept : 6 month
Ta'widh : RM 7.02
Gharamah : RM 45.62
Late payment : RM 25200 (4200 x 6)
TOTAL : RM 25252.64
5) dealing with gharamah
The gharamah amount need to be channeled to charity.
Mohd Ilham Alauddin bin Mohd Yunus
ReplyDelete1132626
tma4
Q1
1) Ta'widh
July - (0.01x2,000) x (31/365) = RM 1.70
August - (0.01x2,000) x (31/365) = RM 1.70
September - (0.01x2,000) x (30/365) = RM 1.64
Total Ta'widh amount = RM 5.04
2)Payment in September
(2,000x3) + 5.04 = RM 6,005.04
Different
Tawidh \/ Gharamah
income for bank \/ channel to charity
1% fixed Charge rate \/ rate determine by BNM
loss due to late payment \/ penalty-avoid late payment
Q2
1) Late payment charge
April - (0.075x4,200) x (30/365) = RM 25.89
May - (0.075x4,200) x (31/365) = RM 26.75
Total late payment charge = RM 52.64
2) Ta'widh
April - (0.01x4,200) x (30/365) = RM 3.45
May - (0.01x4,200) x (31/365) = RM 3.57
Total Ta'widh = RM 7.02
3)Gharamah
Gharamah = Late payment charge - Tawidh
= 52.64 - 7.02
= RM 45.62
4)Payment in September
(4,200x6) + 52.64 = RM 25,252.64
5) The Gharamah charge cannot be as bank income's but it must be channeling to charity fund.
1132588 Abdul Hadi Majid Bin Noor Azam
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)Ta’widh
• Losses due to late payment are borne by creditor
• Based on real loss
• Fixed at 1%
• Based on outstanding principal balance
• Income to bank
• Customer’s liability is not exceeding 1% of outstanding principal balance
•Recommended as Sharia compliant
• No riba
Gharamah
• Penalty to avoid late payment
• Based on rate by BNM
• Non-compounding
• Based on outstanding principal balance
• Channel to charity
• Shared liability; channel for charity
• Recommended as Sharia compliant
• No riba
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
1132068 (Muhammad Syamirul Iqmal Bin Abd Razak)
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)Ta’widh
• Losses due to late payment are borne by creditor
• Based on real loss
• Fixed at 1%
• Based on outstanding principal balance
• Income to bank
• Customer’s liability is not exceeding 1% of outstanding principal balance
•Recommended as Sharia compliant
• No riba
Gharamah
• Penalty to avoid late payment
• Based on rate by BNM
• Non-compounding
• Based on outstanding principal balance
• Channel to charity
• Shared liability; channel for charity
• Recommended as Sharia compliant
• No riba
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
Nur Azyan Hazwani Binti Noh (1132013) (TMA 2)
ReplyDeleteQuestion A
1)
July
(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
August
(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
September
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2) (RM 2000x3)+ RM 5.04
= RM6005.04
3)The difference between Ta’widh and Gharamah are
Ta’widh
• Losses due to late payment are borne by creditor
• Based on real loss
• Fixed at 1%
• Based on outstanding principal balance
• Income to bank
• Customer’s liability is not exceeding 1% of outstanding principal balance
•Recommended as Sharia compliant
• No riba
Gharamah
• Penalty to avoid late payment
• Based on rate by BNM
• Non-compounding
• Based on outstanding principal balance
• Channel to charity
• Shared liability; channel for charity
• Recommended as Sharia compliant
• No riba
Question B
Month Overdue, Installment, Overdue days, Penalty Charge, Ta’widh, Gharamah
April, RM4200, 30, 25.9, 3.45, 22.45
May, RM4200, 31, 26.8, 3.57, 23.33
Total RM 8400, 52.7, 7.02, 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2) Ta’widh = RM 7.02
3) Gharamah = RM 45.68
4) The payment that Mofaisib need to pay RM 8452.7
5) The bank should transfer the Gharamah to charitable fund.
NURULFRIHATIN BINTI SAFRI (1131988)
ReplyDeleteQUESTION (A)
1) Ta’widh amount to be paid by Baihaqi (July, August, September)
(RM 2000x 1%) x (31/365)
= 20 x (31/365)
=RM 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
=RM 1.64
(RM 1.7 + RM 1.7 + RM 1.64)
=RM 5.04
2) The payment to be paid by Baihaqi in the month of September
(RM 2000 x 3) + RM 5.04
= RM 6005.04
3) The differences between Ta’widh and Gharamah
Ta'widh
*a compensation because of late payment
*1% charge
*as income to bank
Gharamah
*a penalty to prevent late payment
*the rate is not compound
*the money cannot be income to the bank and should use for charity
QUESTION (B)
1) The amount of late payment with rate 7.5%.
(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
=RM 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=RM 26.8
(RM 25.9+RM 26.8)
=RM 52.7
2) The ta’widh amount to be paid by Mofaisib
(RM 4200 x 1%) x (61/365)
=RM 7.02
3) The gharamah amount to be paid by Mofaisib
(RM 52.7 – RM 7.02)
=M 45.68
4) The payment to be paid by Mofaisib in Mac
(RM 4200 + RM 4200) + RM 52.7
=RM 8452.7
5) *The required treatments should be performed by Islamic banks when dealing with Gharamah collection is as charitable fund
NOR HASINAH BINTI MOHD NOORDIN
ReplyDelete1132037
TMA 3
Question 1
1) ta'widh
July : 1% x 2000 x 31/365 = 1.70
Ags : 1% x 2000 x 31/365 = 1.70
Sept : 1% x 2000 x 30/365 = 1.64
Ta'widh amount RM 5.04
2) payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3) different between ta'widh and gharamah
Ta'widh
Concept : compensation for the actual loss due to default
Rate : 1% base on actual loss
Payment : income to bank
Gharamah
Concept : penalty charged on defaulters
Rate : no compounding ditentukan oleh BNM
Payment : channel to charity
Question 2
1) late payment charged
Apr : 7.5% x 4200 x 30/365 = 25.89
Mei : 7.5% x 4200 x 31/365 = 26.75
Total = RM 52.64
2) ta'widh
Apr : 1% x 4200 x 30/365 = 3.45
Mei : 1% x 4200 x 31/365 = 3.57
Total = RM 7.02
3) gharamah
G = C - T
RM 52.64 - RM 7.02
= RM 45.62
4) payment in month of sept
Apr - sept : 6 month
Ta'widh : RM 7.02
Gharamah : RM 45.62
Late payment : RM 25200 (4200 x 6)
TOTAL : RM 25252.64
5) dealing with gharamah
The gharamah amount need to be channeled to charity.
YASMIN BINTI NASIR
ReplyDelete1131966
TMA1
QUESTION 1
1) TA'WIDH
1% x (2000 x 3)
= 1% x 6000
= RM60
2) Payment should be paid in September
1% x 6000 = 60
(2000 x 3) + 60 = RM6060
3) Different between TA'WIDH and Gharamah
TA'WIDH
- Fixed at 1%
- Income to bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- Shared liability; channel for charity
QUESTION B
1) Late payment charge
(4200 x 2) x 7.5% = 630
(4200 x 2) + 630 = RM9030
3) TA'WIDH
(4200 x 2) x 1%
= RM84
2) GHARAMAH
(4200 x 2) x 6.5%
= RM546
4) Payment in month of semptember
(4200 x 5) x 7.5% = 1575
= 1575 + (4200 x 5)
= RM22,575
5) Dealing with Gharamah
The gharamah income should give to charity and it cannot be the bank income.
Raihaan Binti Mohamad Arshad (1132028)
ReplyDeleteQuestion A:
1) Ta'widh = Overdue instalment(s) X Ta’widh rate X No. of Overdue day(s)/365
July: 1% x 2000 x 31/365 = 1.70
Aug : 1% x 2000 x 31/365 = 1.70
Sept: 1% x 2000 x 30/365 = 1.64
Ta'widh amount = RM 5.04
2) Payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3) Differences between ta'widh and gharamah
Ta'widh
*compensation for the actual loss due to default
*The ta’widh earned shall also be included in the computation of
profit distributable to depositors/investment income holders
*recognised as source of income to the IBIs
Gharamah
*imposed as a preventive measure against late payment
by the judgement debtor.
*The gharamah shall be channelled to charitable organisations
* cannot recognised as source of income to IBIs
Question B:
1) Late payment charged
Apr : 7.5% x 4200 x 30/365 = 25.89
May : 7.5% x 4200 x 31/365 = 26.75
Total = RM 52.64
2) Ta'widh
Apr : 1% x 4200 x 30/365 = 3.45
Mei : 1% x 4200 x 31/365 = 3.57
Total = RM 7.02
3) Gharamah
G = C - T
RM 52.64 - RM 7.02
= RM 45.62
4) payment in month of sept
Apr - sept : 6 month
Ta'widh : RM 7.02
Gharamah : RM 45.62
Late payment : RM 25200 (4200 x 6)
TOTAL : RM 25252.64
5) Required treatment when dealing with gharamah
*as gharamah recognised as non-Shariah compliant, the gharamah amount must be channeled to charitable organizations.
Reply
A.
ReplyDelete1.
July = rm2000 x 1% x 31/365 = rm1.70
August = rm2000 x 1% x 31/365 = rm1.70
September =rm2000x 1% x 40/365 = rm1.64
Total = rm5.04
2.
=(rm2000 x 3) + rm5.04
=rm6,005.04
3.
Ta’widh - fixed rate at 1%
- Income to the bank
Gharamah - No compound
- Can not calculated as income to the bank and should be use for the charitable purpose.
B.
1.
April = rm4,200 x 8.5% x 30/365 = rm29.34
May = rm4,200 x 8.5% x 31/365 = rm30.32
Total = rm59.66
2.
April = rm4,200 x 1% x 30/365 = rm3.45
May = rm4,200 x 1% x 31/365 = rm3.57
Total = rm7.02
3.
April = rm4,200 x 7.5% x 30/365 = rm25.89
May = rm4,200 x 7.5% x 31/365 = rm26.75
Total = rm52.64
4.
=(rm4,200 x 6) + rm59.66
=25,259.66
5.use the amount collected from gharamah for the purpose of charitable.
NOR EMY SARINA BT IBRAHIM (1132021)
ReplyDelete1) Ta’widh:
July- RM2, 000 × 1% × (31/365) = RM1.70
Aug- RM2, 000 × 1% × (31/365) = RM1.70
Sept- RM2, 000 × 1% × (30/365) = RM1.64
Total of Ta’widh = RM1.70 + RM 1.70 + RM1.64 = RM5.04
2) The payment to be paid by Baihaqi in the month of September:
(RM2, 000 × 3) + RM5.04 = RM6, 005.04
3) Different between Ta’widh and Gharamah:
Ta’widh:
i. Fixed at 1%
ii. Based on real loss
iii. Concept is loss due to late payment
Gharamah :
i. Non-compounding
ii. Based on rate by BNM
iii. Concept is penalty to avoid late payment
QUESTION B
1) Amount of late payment
April = (RM4, 200 × 7.5%) × (31/365) = RM 25.89
May = (RM4, 200 × 7.5%) × (30/365) = RM 26.75
Total amount will be charge = RM 25.89 + RM 26.75 = RM 52.64
2) Ta’widh:
(RM4, 200 × 1%) × (30/365) = RM 3.45
(RM4, 200 × 1%) × (31/365) = RM 3.57
Total of Ta’widh = RM3.45 + RM3.57 = RM7.02
3) Gharamah: RM52.64 – RM7.02 = RM45.62
4) Payment to be paid in the month of September: (RM6 × RM4, 200) + RM52.64 = RM25, 252.64
5) The required treatments should be performed by Islamic banks when dealing with Gharamah collection is a charitable fund.
Nur Amirah Syazana Binti Mohammad Nick
ReplyDelete1150577
TMC1
Question A
1. Ta'widh amount to be paid by Baihaqi
RM2000x1%x92(July,August,September)/365=
RM5.04
2. Payment to be paid by Baihaqi in the month of September
(RM2000x3(July,August,September))+RM5.04=
RM6005.04
3. The differences between Ta'widh and Gharamah
Ta'widh
-losses due to the late payment
-1% charged
-income to bank
-based on outstanding principle balance
Gharamah
-penalty to avoid late payment
-charged according to BNM
-channel to charity
-non compounding
Question B
1. The amount of late payment charges that Ali has to pay if the penalty rate given is 7.5%
RM4200x7.5%x61(April&May)/365=
RM52.64
2. The Ta'widh amount to be paid by Ali
RM4200x1%x61(April&May)/365=
RM7.02
3. The Gharamah amount to be paid by Ali
(C-T=G)
RM52.64-RM7.02=
RM45.62
4. The payment to be paid by Ali in the month of September
(RM4200x6(April-September))+RM52.64=
RM25252.64
5. The Gharamah amount should be give to charity
A.
ReplyDelete1.
July = rm2000 x 1% x 31/365 = rm1.70
August = rm2000 x 1% x 31/365 = rm1.70
September =rm2000x 1% x 40/365 = rm1.64
Total = rm5.04
2.
=(rm2000 x 3) + rm5.04
=rm6,005.04
3.
Ta’widh - fixed rate at 1%
- Income to the bank
Gharamah - No compound
- Can not calculated as income to the bank and should be use for the charitable purpose.
B.
1.
April = rm4,200 x 8.5% x 30/365 = rm29.34
May = rm4,200 x 8.5% x 31/365 = rm30.32
Total = rm59.66
2.
April = rm4,200 x 1% x 30/365 = rm3.45
May = rm4,200 x 1% x 31/365 = rm3.57
Total = rm7.02
3.
April = rm4,200 x 7.5% x 30/365 = rm25.89
May = rm4,200 x 7.5% x 31/365 = rm26.75
Total = rm52.64
4.
=(rm4,200 x 6) + rm59.66
=25,259.66
5.use the amount collected from gharamah for the purpose of charitable.
Pray for us Dr..tomorrow is the day for fiqh muamalah :)
NURHANIM NAJIHA BT ROSMADI 1150601 TMC 2
ReplyDelete1. Ta'widh amount to be paid by Baihaqi
RM2000x1%x92(July,August,September)/365=
RM5.04
2. Payment to be paid by Baihaqi in the month of September
(RM2000x3(July,August,September))+RM5.04=
RM6005.04
3. The differences between Ta'widh and Gharamah
Ta'widh
-losses due to the late payment
-1% charged
-income to bank
-based on outstanding principle balance
Gharamah
-penalty to avoid late payment
-charged according to BNM
-channel to charity
-non compounding
Question B
1. The amount of late payment charges that Ali has to pay if the penalty rate given is 7.5%
RM4200x7.5%x61(April&May)/365=
RM52.64
2. The Ta'widh amount to be paid by Ali
RM4200x1%x61(April&May)/365=
RM7.02
3. The Gharamah amount to be paid by Ali
(C-T=G)
RM52.64-RM7.02=
RM45.62
4. The payment to be paid by Ali in the month of September
(RM4200x6(April-September))+RM52.64=
RM25252.64
5. The Gharamah amount should be give to charity
Mohd Afifi Hassan
ReplyDelete1131968
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)Ta’widh
• Losses due to late payment are borne by creditor
• Based on real loss
• Fixed at 1%
• Based on outstanding principal balance
• Income to bank
• Customer’s liability is not more 1% of outstanding principal balance
•Recommended as Sharia compliant
• No riba
Gharamah
• Penalty to avoid late payment
• Based on rate by BNM
• Non-compounding
• Based on outstanding principal balance
• Channel to charity
• Shared liability; channel for charity
• Recommended as Sharia compliant
• No riba
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
This comment has been removed by the author.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteADIBAH IMANI MOHAMAD - 1150589
ReplyDeleteA)*secured financing = 100 000
*monthly= 2000
*instalment payment starts January
*paid first 6 months of instalment payment
1) July = RM 2000 x 1% x 31/365
=RM 1.7
August= RM 4000 x 1% x 31/365
=RM 3.4
September= RM 6000 X 1% X 30/365
=RM 4.93
TOTAL= RM 10.03
2) RM 6000 + RM 4.93 = RM 6004.93
3) TA’WIDH
• Compensation due to late payment debtors
• Based on actual cost
• Fixed 1%
• Customer liability is not proceeding 1% of outstanding principal balance
4) GHARAMAH
• Penalty for avoiding late payment
• Determined by BNM
• Not compounding
• Shared liability: channel for charity
• Distribute to charity organization
B)*Murabahah home financing= 200 000
*Monthly payment= 4200
*Instalment commence from February 2016
*Paid successfully in first 2 months
1) April = RM 4200 x 7.5% x 30/365
= RM 25.89
May = RM 8400 x 7.5% x 31/365
= RM 53.51
Apri l + may = RM 79.4
2) April = 4200 x 1% x 30/365
= 3.45
May = 8400 x 1% x 31/365
=7.13
April + may = RM 10.58
3) G= C – T
= 79.4 – 10.58
= RM 68.82
4) ta’widh (September) = 25 200 x 1% x 30/365
= 20.71
Payment to be paid = 25 200 + 20.71
= RM 25 220.71
5) It is not payment for bank but for charitable organization
NUR AMIRAH BINTI AMIR-1150579
ReplyDeleteA)secured financing = 100 000
monthly= 2000
instalment payment starts January
paid first 6 months of instalment payment
1) July = RM 2000 x 1% x 31/365
=RM 1.7
August= RM 4000 x 1% x 31/365
=RM 3.4
September= RM 6000 X 1% X 30/365
=RM 4.93
TOTAL= RM 10.03
2) RM 6000 + RM 4.93 = RM 6004.93
3) TA’WIDH
-Compensation due to late payment debtors
-Based on actual cost
-Fixed 1%
-Customer liability is not proceeding 1% of outstanding principal balance
4) GHARAMAH
-Penalty for avoiding late payment
-Determined by BNM
-Not compounding
-Shared liability: channel for charity
-Distribute to charity organization
B)Murabahah home financing= 200 000
Monthly payment= 4200
Instalment commence from February 2016
Paid successfully in first 2 months
1) April = RM 4200 x 7.5% x 30/365
= RM 25.89
May = RM 8400 x 7.5% x 31/365
= RM 53.51
Apri l + may = RM 79.4
2) April = 4200 x 1% x 30/365
= 3.45
May = 8400 x 1% x 31/365
=7.13
April + may = RM 10.58
3) G= C – T
= 79.4 – 10.58
= RM 68.82
4) ta’widh (September) = 25 200 x 1% x 30/365
= 20.71
Payment to be paid = 25 200 + 20.71
= RM 25 220.71
5) It is not payment for bank but for charitable organization
'AISHAH SYAHIRAH KAMARUDIN (1150607)
ReplyDeleteQUESTION A
*secured financing RM100,000
*monthly RM2,000
*instalment payment starts January
*paid first 6 months of instalment payment
1) July = RM2000 x 1% x 31/365
= RM1.7
August = RM4000 x 1% x 31/365
= RM3.4
September = RM6000 X 1% X 30/365
= RM4.93
TOTAL = RM10.03
2) RM6,000 + RM4.93 = RM6,004.93
3) TA’WIDH
• Compensation due to late payment debtors.
• Based on actual cost.
• Fixed 1%.
• Customer liability is not proceeding 1% of outstanding principal balance.
4) GHARAMAH
• Penalty for avoiding late payment.
• Determined by BNM.
• Not compounding.
• Shared liability: channel for charity.
QUESTION B
*Murabahah home financing= 200 000
*Monthly payment= 4200
*Instalment commence from February 2016
*Paid successfully in first 2 months
1) April = RM 4200 x 7.5% x 30/365
= RM 25.89
May = RM 8400 x 7.5% x 31/365
= RM 53.51
April + may = RM 79.4
2) April = 4200 x 1% x 30/365
= 3.45
May = 8400 x 1% x 31/365
=7.13
April + may = RM 10.58
3) G = C – T
= 79.4 – 10.58
= RM 68.82
4) ta’widh (September) = 25 200 x 1% x 30/365
= 20.71
Payment to be paid = 25 200 + 20.71
= RM 25 220.71
5) It is not payment for bank but for charitable organization.
Nur Aliah Nadtrah binti Adnan
ReplyDelete1150600
A)
1. July = RM 2,000 x 1% x 31/365
= RM 1.7
August = RM 4,000 x 1% 31/365
= RM 3.4
September = RM 6,000 x 1% x 30/365
= RM 4.93
J + A + S = RM 10.03
2. RM 6,000 + RM 4.93
= RM 6,004.93
3. Ta'widh
*compensation due to late payment by debtors
*based on actual loss
*fixed 1%
*customer liability is not exceeding 1% of outstanding principal balance
*for bank's income
Gharamah
*penalty for avoiding late payment
*determined by the BNM
*not compounding
*shared liability:channel for charity
*distribute to charity organization
B) 1. April = RM 4,200 x 7.5% x 30/365
= RM 25.89
May = RM 8,400 x 7.5% x 31/365
= RM 53.51
April + May = RM 79.4
2. April = RM 4,200 x 1% x 30/365
= RM 3.45
May = RM 8,400 x 1% x 31/365
= RM 7.13
April + May = RM 10.58
3. G = C-T
= RM 79.4 - RM 10.98
= RM 68.82
4. Ta'widh (September)
= RM 25,200 x 1% x 30/365
= RM 20.71
Payment to be paid
= RM 25,200 + RM 20.71
= RM 25,220.71
5. The bank should give the gharammah to charitable organization
NUR AQILLAH BINTI JOHARI (1131983)
ReplyDeleteQUESTION (A)
1) Ta’widh amount to be paid by Baihaqi (July, August, September)
(RM 2000x 1%) x (31/365)
= 20 x (31/365)
=RM 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
=RM 1.64
(RM 1.7 + RM 1.7 + RM 1.64)
=RM 5.04
2) The payment to be paid by Baihaqi in the month of September
(RM 2000 x 3) + RM 5.04
= RM 6005.04
3) The differences between Ta’widh and Gharamah
Ta'widh
*a compensation because of late payment
*1% charge
*as income to bank
Gharamah
*a penalty to prevent late payment
*the rate is not compound
*the money cannot be income to the bank and should use for charity
QUESTION (B)
1) The amount of late payment with rate 7.5%.
(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
=RM 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=RM 26.8
(RM 25.9+RM 26.8)
=RM 52.7
2) The ta’widh amount to be paid by Mofaisib
(RM 4200 x 1%) x (61/365)
=RM 7.02
3) The gharamah amount to be paid by Mofaisib
(RM 52.7 – RM 7.02)
=M 45.68
4) The payment to be paid by Mofaisib in Mac
(RM 4200 + RM 4200) + RM 52.7
=RM 8452.7
5) *The required treatments should be performed by Islamic banks when dealing with Gharamah collection is as charitable fund
Assalamualaikum dr,
ReplyDelete(Siti Zuraini bt Mat Ali 1132003 TMA2)
A) 1. The Ta’widh amount to be paid
i) July: (RM 2,000 X 1%) X 31/365 = RM 1.70
ii) August: (RM 2,000 X 1%) X 31/365 = RM 1.70
iii) September: (RM 2,000 x 1%) x 30/365 = RM 1.64
Total : RM 1.70 + RM 1.70 + RM 1.64 = RM 5.04
2. The payment to be paid by September
September : (RM 2,000 X 3) + RM 5.04 = RM 6,005.04
3. The differences between Ta’widh and Gharamah
Ta'widh
1. rate of charge based on actual losses
2. fixed charge rate of 1%
3. compensation for losses caused by late payment by debtors
4.income to bank
5. No riba
Gharamah
1. rate of charge is determined by BNM
2. the charges are not compounding
3. to avoid late payment penalties
4. Channel to charity
5. No riba
B) 1. The amount of late payment charges if the penalty rate given is 7.5%
i) April: (RM 4,200 X 7.5%) X 30/365 = RM 25.89
ii) May: (RM 4,200 X 7.5%) X 31/365 = RM 26.75
Total: RM 25.89 + RM 26.75 = RM 52.64
2. The Ta’widh amount to be paid
i) April: (RM 4,200 X 1%) X 30/365 = RM 3.45
ii) May: (RM 4,200 X 1%) X 31/365 = RM 3.57
Total : RM 7.02
3. The Gharamah amount to be paid
Total : RM 52.64 – RM 7.02 = RM 45.62
4. The payment to be paid in the month of September
i) (RM 4,200 X 6) + RM 52.64 = RM 25,252.64
5. The required treatments should be performed by Islamic banks when dealing with Gharamah collection is as charitable fund which is they should give to baitulmal or charity.
NURUL HUSNA BINTI ABDUL RASHID
ReplyDelete1132043
SECTION A
1. Ta'widh amount:-
July: 2000x1%x31/365=RM1.70
August: 2000x1%x31/365=RM1.70
September: 2000x1%x30/365=RM1.64
Ta'widh amount = RM1.70+RM1.70+RM1.64=RM5.04
2. The payment to be paid:-
(RM2000x3) + RM5.04 = RM6005.04
3. Different of ta'widh and gharamah:-
TA'WIDH
- Earning as an income for the bank
- Recognised as source of income to the IBIs
- Concept is loss due to late payment are borne by creditors
GHARAMAH
- Earnings will be channeled for charity
- Cannot recognised as source of income to the IBIs
- Concept is penalty to avoid late payment
SECTION B
1. Amount of late payment charges:-
April: (RM4200x7.5%) x (30/365)
= RM25.89
May: (RM4200x7.5%) x (31/365)
= RM26.75
Amount of late payment = RM25.89+RM26.75 = RM52.64
2. Ta'widh amount to be paid:-
April: (RM4200x1%) x (30/365)
= RM3.45
May: (RM4200x1%) x (31/365)
= RM3.57
Amount to be paid = RM3.45 + RM3.57 = RM7.02
3. Gharamah amount to be paid:-
= RM52.64-RM7.02
= RM45.62
4. Payment to be paid in the month of September:-
= RM52.64 + (RM4200x6)
= RM25252.64
5. Treatment of dealing with gharamah collection:-
- Channeled for the charitable purpose
NURUL HUSNA BINTI ABDUL RASHID
ReplyDelete1132043
SECTION A
1. Ta'widh amount:-
July: 2000x1%x31/365=RM1.70
August: 2000x1%x31/365=RM1.70
September: 2000x1%x30/365=RM1.64
Ta'widh amount = RM1.70+RM1.70+RM1.64=RM5.04
2. The payment to be paid:-
(RM2000x3) + RM5.04 = RM6005.04
3. Different of ta'widh and gharamah:-
TA'WIDH
- Earning as an income for the bank
- Recognised as source of income to the IBIs
- Concept is loss due to late payment are borne by creditors
GHARAMAH
- Earnings will be channeled for charity
- Cannot recognised as source of income to the IBIs
- Concept is penalty to avoid late payment
SECTION B
1. Amount of late payment charges:-
April: (RM4200x7.5%) x (30/365)
= RM25.89
May: (RM4200x7.5%) x (31/365)
= RM26.75
Amount of late payment = RM25.89+RM26.75 = RM52.64
2. Ta'widh amount to be paid:-
April: (RM4200x1%) x (30/365)
= RM3.45
May: (RM4200x1%) x (31/365)
= RM3.57
Amount to be paid = RM3.45 + RM3.57 = RM7.02
3. Gharamah amount to be paid:-
= RM52.64-RM7.02
= RM45.62
4. Payment to be paid in the month of September:-
= RM52.64 + (RM4200x6)
= RM25252.64
5. Treatment of dealing with gharamah collection:-
- Channeled for the charitable purpose
MUHAMMAD NUUR HIDAYAT BIN MUHAMMAD FISAL
ReplyDelete1142175
QUESTION A
1. Ta'widh amount:-
July: 2000x1%x31/365=RM1.70
August: 4000x1%x31/365=RM3.40
September: 6000x1%x30/365=RM4.93
Ta'widh amount = RM1.70+RM3.40+RM4.93=RM10.03
2. The payment to be paid:-
(RM2000x3) + RM10.03 = RM6010.03
3. Different of ta'widh and gharamah:-
TA'WIDH
* income for the bank
* Recognised as source of income to the Islamic banking institutions.
* Concept is loss due to late payment are borne by creditors
GHARAMAH
* channeled for charity
* Cannot recognised as source of income to the Islamic Banking institutions
* penalty to avoid late payment
SECTION B
1. Amount of late payment charges:-
April: (RM4200x7.5%) x (30/365)
= RM25.90
May: (RM8400x7.5%) x (31/365)
= RM53.51
Amount of late payment = RM25.89+RM53.51 = RM79.41
2. Ta'widh amount to be paid:-
April: (RM4200x1%) x (30/365)
= RM3.45
May: (RM8200x1%) x (31/365)
= RM7.13
Amount to be paid = RM3.45 + RM7.13 = RM10.58
3. Gharamah amount to be paid:-
= RM79.41 - RM 10.58
= RM68.83
4. Payment to be paid in the month of September:-
= RM12600 + RM 79.41
= RM12679.41
5. Treatment of dealing with gharamah collection:-
- Charity purposes
SYAHRINA UMIRAH BT IDRIS 1132009
ReplyDeleteA.1) Ta’widh=RM60
2) total payment = RM6, 060
3)
Ta’widh Gharamah
Concept Losses due to late payment Penalty to avoid late payment
Rate of charge Based on real loss Based on BNM
-Fixed at 1%
-Non compounding
Use of proceeds Income to bank Channel to charity
Ruling No riba’ No riba’
B. 1) Ta’widh = RM84
Gharamah = RM630
Amount late payment= RM714
2) Ta’widh= RM84
3) Gharamah=RM630
4) Total payment= RM25,9214
5) Income from gharamah would not declare as profit to the Banks. Gharamah should distribute by channel of charity .
Zul Iskandar bin Fahrruzi
ReplyDeletekmc
1152853
Question A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Question B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) If the Bank chose to charge the Late Payment Charge (LPC) which are Ta’widh and Gharamah, there is a specific treatment required for Gharamah. Gharamah can only be taken for the penalizing the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to Charity and must not go into the revenue books of any kind.
Moreover, the Bank must not derive any benefits from Gharamah, directly or indirectly, and this Charity amount must be managed under the oversight of the Sharia committee. As mentioned, the maximum that can be charged under LPC is up to the AFR rate. If the AFR is 6.0%, this means the Bank can recognize up to 1.0% of Ta’widh as its revenue, while the remaining 5.0% is to be taken as amounts for charity account.
MOHD ZAKIR BIN CHE SALIM HARRIS
ReplyDelete1132047
QUESTION A
1. Ta'widh amount:-
July: 2000x1%x31/365=RM1.70
August: 4000x1%x31/365=RM3.40
September: 6000x1%x30/365=RM4.93
Ta'widh amount = RM1.70+RM3.40+RM4.93=RM10.03
2. The payment to be paid:-
(RM2000x3) + RM10.03 = RM6010.03
3. Different of ta'widh and gharamah:-
TA'WIDH
* income for the bank
* Recognised as source of income
* loss due to late payment are borne by creditors
GHARAMAH
* channeled for charity
* Cannot recognised as source of income
* penalty to avoid late payment
SECTION B
1. Amount of late payment charges:-
April: (RM4200x7.5%) x (30/365)
= RM25.90
May: (RM8400x7.5%) x (31/365)
= RM53.51
Amount of late payment = RM25.89+RM53.51 = RM79.41
2. Ta'widh amount to be paid:-
April: (RM4200x1%) x (30/365)
= RM3.45
May: (RM8200x1%) x (31/365)
= RM7.13
Amount to be paid = RM3.45 + RM7.13 = RM10.58
3. Gharamah amount to be paid:-
= RM79.41 - RM 10.58
= RM68.83
4. Payment to be paid in the month of September:-
= RM12600 + RM 79.41
= RM12679.41
5. Treatment of dealing with gharamah collection:-
- Channeled for charity purposes
Mohamad Shafiq b Mohd Zawawi
ReplyDeleteKMC
1150604
A. Financing = RM 100,000 in December 2016
Monthly payment = RM 2,000
1) Ta’widh = 1% × (3 × RM2000) = RM60
2) Total payment of 3 months due = RM60 + (3 × RM2, 000) = RM 6,060
3. The differences between Ta’widh and Gharamah?
Ta’widh
• Earning as an income for the bank (Use of proceeds)
• Based on real loss. (Rate of real charge)
• Fixed at 1%. (Rate of real charge)
• Concept is loss due to late payment are borne by creditors (Concepts)
• Customer’s liability is not exceeding 1% of outstanding principle balance. (Liability)
• Islamic banks may recognise ta’widh as an income on the basis that it is imposed as a compensation for the actual loss suffered by the Islamic banking institutions. (Accountability)
Gharamah
• Earnings will be channelled for charity. (Use of proceeds)
• Based on rate by BNM. (Rate of real charge)
• Non compounding. (Rate of real charge)
• Concept is penalty to avoid late payment. (Concepts)
• Shared liability, channel for charity. (Liability)
• Gharamah cannot be taken into account as an income instead it must be channelled to certain charities. (Accountability)
B. Home Financing = RM 200,000 in January 2016
Monthly payment = RM 4,200
1)
• Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
• Ta’widh = 1% × (2 × RM 4,200) = RM 84
• Amount late payment charge = RM 630 + RM84 = RM 714
2) Ta’widh = 1% × (2 × RM 4,200) = RM 84
3) Gharamah (Penalty) = 7.5% × (2 × RM 4,200) = RM 630
4) Total payment of 6 (April to September) months due = RM714 + (6 × RM4, 200)
= RM 25, 914
5) If the Bank chose only to charge Ta’widh most Banks used anyway, the maximum rate chargeable is up to 1.0% of the arrears amount (non-compounding). This 1.0% charge may be recorded in the Bank’s books as “Revenue” to off-set the actual expenses incurred in managing the delinquent account. This 1.0% charge must also be review, justified and approved by the Bank’s internal Sharia committee members on a yearly basis.
If the Bank chose to charge both Ta’widh and Gharamah, there is a specific treatment required for Gharamah. While Ta’widh’s treatment remains the same as above, Gharamah can only be taken for the penalising the delinquent customer but without benefiting the Bank. This means the Gharamah portion must be flowed into payments to charity and must not go into the revenue books of any kind. The Bank must not derive any benefits from Gharamah, directly or indirectly, and this charity amount must be managed under the oversight of the Sharia committee.
MUHAMMAD AMIR RIZWAN BIN KAMARUZAMAN
ReplyDelete1132063
TMA4
QUESTION 1
1) TA'WIDH
1% x (2000 x 3)
= 1% x 6000
= RM60
2) Payment should be paid in September
1% x 6000 = 60
(2000 x 3) + 60 = RM6060
3) Different between TA'WIDH and Gharamah
TA'WIDH
- Fixed at 1%
- Income to bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- Shared liability; channel for charity
QUESTION B
1) Late payment charge
(4200 x 2) x 7.5% = 630
(4200 x 2) + 630 = RM9030
3) TA'WIDH
(4200 x 2) x 1%
= RM84
2) GHARAMAH
(4200 x 2) x 6.5%
= RM546
4) Payment in month of semptember
(4200 x 5) x 7.5% = 1575
= 1575 + (4200 x 5)
= RM22,575
5) Dealing with Gharamah
The gharamah income should give to charity and it cannot be the bank income.
Reply
Assalamualaikum
ReplyDeleteFauzanil Hakim bin Kaharuddin (1132031)
Question A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 days
August RM 2000 31 days
September RM 2000 30 days
Total RM 6000
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Not exceed 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 days
May RM4200 31 days
Total RM 8400
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
ASSALAMUALAIKUM.
DeleteNUR SYAFIQAH ZALFA BINTI MUHAMMAD YUSOF (1150617)
1)RM 5.04
2)RM 6005.04
3)The difference between ta'widh and gharamah is
Ta'widh
•losses due to the late payment
•1% charged
•income to bank
Gharamah
•penalty to avoid late payment
•charged according to BNM
•chanel to charity
•non compounding
B
1)RM 52.64
2)RM 7.02
3)RM 45.62
4)RM 25200+RM157.92=RM 25357.92
5)Gharamah should be give to baitulmal or charity.
ASSALAMUALAIKUM.
ReplyDeleteNURUL SHAHIRAH BINTI MOHD NOR (1150599)
1)RM 5.04
2)RM 6005.04
3)The difference between ta'widh and gharamah is
Ta'widh
•losses due to the late payment
•1% charged
•income to bank
Gharamah
•penalty to avoid late payment
•charged according to BNM
•chanel to charity
•non compounding
B
1)RM 52.64
2)RM 7.02
3)RM 45.62
4)RM 25200+RM157.92=RM 25357.92
5)Gharamah should be give to baitulmal or charity.
MUHAMAD IZMIR BIN CHE ISMAIL
ReplyDelete1150596
TM1
Question 1
1)Ta'widh
July: 1% x 2000 x 31/365 = 1.70
Ags : 1% x 2000 x 31/365 = 1.70
Sept: 1% x 2000 x 30/365 = 1.64
Total Ta'widh: RM 5.04
2) Payment in sept
Ta'widh + late payment
= 5.04 + (2000 x 3)
= 5.04 + 6000
= RM 6005.04
3) Different between ta'widh and gharamah
Ta'widh
Concept : compensation for the actual loss due to default
Rate : 1% base on actual loss
Payment : income to bank
Gharamah
Concept : penalty charged on defaulters
Rate : no compounding ditentukan oleh BNM
Payment : channel to charity
Question 2
1) Late payment charged
Apr : 7.5% x 4200 x 30/365 = 25.89
Mei : 7.5% x 4200 x 31/365 = 26.75
Total = RM 52.64
2) Ta'widh
Apr : 1% x 4200 x 30/365 = 3.45
Mei : 1% x 4200 x 31/365 = 3.57
Total = RM 7.02
3) Gharamah
G = C - T
RM 52.64 - RM 7.02
= RM 45.62
4) Payment in month of sept
Apr-sept : 6 month
Ta'widh : RM 7.02
Gharamah : RM 45.62
Late payment : RM 25200 (4200 x 6)
TOTAL : RM 25252.64
5) Dealing with gharamah
The gharamah amount need to be channeled to charity.
MOHAMAD HAFIZ BIN DARWIN (1150584)
ReplyDeleteQUESTION A
1.The Ta’widh amount to be paid
July: (RM 2,000 X 1%) X 31/365 = RM 1.70
August: (RM 2,000 X 1%) X 31/365 = RM 1.70 September: (RM 2,000 x 1%) x 30/365 = RM 1.64
RM 1.70 + RM 1.70 + RM 1.64 = RM 5.04
2.The payment to be paid by September
September : (RM 2,000 X 3) + RM 5.04 = RM 6,005.04
3.The differences between Ta’widh and Gharamah
Ta'widh
1. rate of charge based on actual losses
2. fixed charge rate of 1%
3. compensation for losses caused by late payment by debtors
4.income to bank
Gharamah
1. rate of charge is determined by BNM
2. the charges are not compounding
3. to avoid late payment penalties
4. Channel to charity
QUESTION B
1.Amount of late payment
April = (RM4, 200 × 7.5%) × (31/365) = RM 25.89
May = (RM4, 200 × 7.5%) × (30/365) = RM 26.75
RM 25.89 + RM 26.75 = RM 52.64
2.Ta’widh:
(RM4, 200 × 1%) × (30/365) = RM 3.45
(RM4, 200 × 1%) × (31/365) = RM 3.57 RM3.45 + RM3.57 = RM7.02
3. Gharamah: RM52.64 – RM7.02 = RM45.62
4. Payment to be paid in the month of September: (RM6 × RM4, 200) + RM52.64 = RM25, 252.64
5. The required treatments should be performed by Islamic banks when dealing with Gharamah collection is a charitable fund.
MOHAMMAD HANIS BIN MD YUNOS
ReplyDelete1132636
KMA
QUESTION (A)
1) Ta’widh amount to be paid by Baihaqi (July, August, September)
(RM 2000x 1%) x (31/365)
= 20 x (31/365)
=RM 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
=RM 1.64
(RM 1.7 + RM 1.7 + RM 1.64)
=RM 5.04
2) The payment to be paid by Baihaqi in the month of September
(RM 2000 x 3) + RM 5.04
= RM 6005.04
3) The differences between Ta’widh and Gharamah
Ta'widh
*a compensation because of late payment
*1% charge
*as income to bank
Gharamah
*a penalty to prevent late payment
*the rate is not compound
*the money cannot be income to the bank and should use for charity
QUESTION (B)
1) The amount of late payment with rate 7.5%.
(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
=RM 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=RM 26.8
(RM 25.9+RM 26.8)
=RM 52.7
2) The ta’widh amount to be paid by Mofaisib
(RM 4200 x 1%) x (61/365)
=RM 7.02
3) The gharamah amount to be paid by Mofaisib
(RM 52.7 – RM 7.02)
=M 45.68
4) The payment to be paid by Mofaisib in Mac
(RM 4200 + RM 4200) + RM 52.7
=RM 8452.7
5) *The required treatments should be performed by Islamic banks when dealing with Gharamah collection is as charitable fund
NURUL HUSNA BT WAHAB (1131978)
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 days
August RM 2000 31 days
September RM 2000 30 days
Total RM 6000
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Not exceed 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 days
May RM4200 31 days
Total RM 8400
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
Noor amalia bt ahmad (1131980)
ReplyDeleteQ-A
1) Ta’widh amount to be paid
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (31/365) = RM1.70
(RM 2000 x 1%) x (30/365) = RM1.64
RM1.70 + RM1.70 + RM1.64
=RM5.04
2) Payment to be paid by Baihaqi in the month of September
(July,August,September)
(Rm2000 X 3) +RM5.04
= RM6005.04
3) Difference between Gharamah and Ta’widh:
Ta’widh:
1- Losses due to the late payment
2- Charge rate based on actual losses
3- Fix rated 1%
4- Income to the bank
Gharamah:
1- Penalty to avoid late payment
2- Charged according to BNM
3- The charges are not compounding
4- The money cannot be income to the bank, its should use for charity.
Q-B
1) Late of payment charged
RM4200 X 7.5% X 31/365 =RM26.8
RM4200 X7.5% X 30/365 =RM25.9
RM26.80 + RM25.90
=RM52.70
2) Ta’widh amount
(RM 4,200 X 1%) X 30/365 = RM 3.45
(RM 4,200 X 1%) X 31/365 = RM 3.57
RM3.45+ RM3.57
=RM7.02
3) Gharamah amount to be paid
RM52.70 –RM7.02
=RM45.68
4) Payment to be paid in the month of September
(April,may,june,july,ogos,September)
(6 X RM4200) + RM52.70
=RM25252.70
5) Bank should use Gharamah income as the charitable fund
SITI HAJAR BINTI NORIZAN -1152510-
ReplyDeleteQUESTION 1 (A)
Ta’widh amount to be paid by Baihaqi
July = RM 2000×1% = RM 2
August = RM 2000 × 1% = RM2
September = RM 2000 × 1% = RM2
RM2 + RM2 + RM2 + = RM6 ( total amount to be paid by Baihaqi )
The payment to be paid by Baihaqi in the month of September
RM 6000 (RM2000 × 3) + RM6 = RM6060
The differences between Ta’widh and Gharamah.
Ta’widh Gharamah
Compensation. Penalty.
Refers to the amount that may be compensated to the IBI (Islamic banking institutions) based on the actual loss incurred due to default. Refers to the penalty charged on the defaulters over and above the ta’widh.
The actual loss to be compensated from any default payment, from the date of payment until the maturity date shall not be more than 1% per annum. (the difference between the combined rate and ta’widh) is a means of deterrent for defaulters against delays in repayment or
Defaults.
The actual loss to be compensated from default payment which exceeded the maturity date shall not be more than the prevailing daily overnight Islamic Interbank rate (IIMM)6 on the outstanding balance (subject to ibra’ if applicable) of the Islamic financial product. Shariah does not allow gharamah to be recognised as a source of income for the IBIs, as opposed to ta’widh, and therefore, all gharamah amounts must be channelled to charitable organisation
The reference rate for the actual loss shall be determined at the point of default, computed on a monthly basis from the payment due date. The IBIs are required to disclose in its financial statements, as well as in the financing contracts to the customers on the use of gharamah amount for charitable purposes.
The ta’widh earned shall also be included in the computation of profit distributable to depositors/investment income holders. The administration of
gharamah to approved benefactors/charitable organisation(s) shall be determined by the Shariah Committee.
QUESTION 2 (B)
Amount of late payment charges that Mofaisib has to pay if the penalty rate given is 7.5%.
Penalty (gharamah) = (RM4 200 × 2) × 7.5% = RM630
Ta’widh = (RM 4 200 × 2) × 1% = RM84
Amount the late payment charge = RM630 + RM84 = RM714
Ta’widh amount to be paid by Mofaisib
Ta’widh = (RM 4 200 × 2) × 1% = RM84
Gharamah amount to be paid by Mofaisib.
Penalty (gharamah) = (RM4 200 × 2) × 7.5% = RM630
The payment to be paid by Mofaisib in the month of September
(RM4 200 × 6) + RM714 = RM25 914
The required treatments should be performed by Islamic banks when dealing with gharamah collection
1) Charitable funds
2) submit a report to Jabatan Perbankan Islam dan Takaful, Bank Negara Malaysia, on the gharamah allocation made by the IBI on an annual basis in conjunction with their annual financial report submissions.
3) should not be seen or implied at any point of time that it is benefiting from the management or distribution of the gharamah.
MOHAMAD FAIZ BIN MAT ZAKI 1131990
ReplyDeleteQuestion A
Month Overdue Installment Overdue days Ta’widh
July RM 2000 31 1.7
August RM 2000 31 1.7
September RM 2000 30 1.64
Total RM 6000 5.04
1)(RM 2000x 1%) x ( 31/365)
= 20 x (31/365)
= 1.7
(RM 2000 x 1%) x (30/365)
= 20 x (30/365)
= 1.64
1.7+1.7+1.64
=5.04
2)RM 6000 + RM 5.04
= RM6005.04
3)The difference between gharamah and Ta’widh is
Ta’widh:
1)Fix rated 1%
2)Income to the bank
Gharamah:
1) Not compounded
2) The money cannot be income to the bank and should use for charity.
Question B
Month Overdue Installment Overdue days Penalty Charge Ta’widh Gharamah
April RM4200 30 25.9 3.45 22.45
May RM4200 31 26.8 3.57 23.33
Total RM 8400 52.7 7.02 45.68
1)(RM 4200 x 7.5%) x (30/365)
= 315 x (30/365)
= 25.9
(RM 4200 x 7.5%) x (31/365)
= 315 x (31/365)
=26.8
(25.9+26.8)
=RM 52.7
2)Ta’widh = RM 7.02
3)Gharamah = RM 45.68
4)The payment that Mofaisib need to pay RM 8452.7
5)The bank should use gharamah income as the charitable fund
SYED IQBAL BIN SAID JAMALLULAI
ReplyDelete1132040
QUESTION A
1. Ta'widh amount:-
July: 2000x1%x31/365=RM1.70
August: 4000x1%x31/365=RM3.40
September: 6000x1%x30/365=RM4.93
Ta'widh amount = RM1.70+RM3.40+RM4.93=RM10.03
2. The payment to be paid:-
(RM2000x3) + RM10.03 = RM6010.03
3. Different of ta'widh and gharamah:-
TA'WIDH
* income for the bank
* Recognised as source of income
* loss due to late payment are borne by creditors
GHARAMAH
* channeled for charity
* Cannot recognised as source of income
* penalty to avoid late payment
SECTION B
1. Amount of late payment charges:-
April: (RM4200x7.5%) x (30/365)
= RM25.90
May: (RM8400x7.5%) x (31/365)
= RM53.51
Amount of late payment = RM25.89+RM53.51 = RM79.41
2. Ta'widh amount to be paid:-
April: (RM4200x1%) x (30/365)
= RM3.45
May: (RM8200x1%) x (31/365)
= RM7.13
Amount to be paid = RM3.45 + RM7.13 = RM10.58
3. Gharamah amount to be paid:-
= RM79.41 - RM 10.58
= RM68.83
4. Payment to be paid in the month of September:-
= RM12600 + RM 79.41
= RM12679.41
5. Treatment of dealing with gharamah collection:-
- Channel it for charity purposes
NORASYIKIN BINTI AZMI
ReplyDelete1131969
QUESTION 1
1) July: 2000 x 1% x 31/365 = 1.70
Aug : 4000 x 1% x 31/365 = 3.40
Sep : 6000 x 1% x 30/365 = 4.93
Taawidh amount = 1.70 + 3.40 + 4.93
= RM 10.03
2. Payment to be paid in sept = 6000 + 10.03
= RM 6010.03
3. Different between Taawidh and Gharamah:
TAAWIDH
- Fixed at 1%
- Income to the bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- channel for charity
QUESTION 2
1. April: 4200 X 7.5% X 30/365 = 25.90
May : 8400 x 7.5% x 31/365 = 53.51
Amount late payment = 25.90 + 53.51
= RM 79.41
2. April: 4200 x 1% x 30/365 = 3.45
May : 8400 x 1% x 31/365 = 7.13
Taawidh amount to be paid = 3.45 + 7.13
= RM 10.58
3. Gharamah amount to be paid = 79.41 - 10.58
= RM 68.83
4. Payment in sept = 12600 - 79.41
= RM 12679.41
5. IB should disclose to its customer on the amount of gharamah used for charitable purpose.
This comment has been removed by the author.
ReplyDeleteNur Syazwani binti Abd Mokti (1132020)
ReplyDeletedaripada TMA 2
answer:
Question 1:
1) July: 2000 x 1% x 31/365 = 1.70
Aug : 4000 x 1% x 31/365 = 3.40
Sep : 6000 x 1% x 30/365 = 4.93
Taawidh amount = 1.70 + 3.40 + 4.93
= RM 10.03
2. Payment to be paid in sept = 6000 + 10.03
= RM 6010.03
3. Different between Taawidh and Gharamah:
TAAWIDH
- Fixed at 1%
- Income to the bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- channel for charity
QUESTION 2:
1. April: 4200 X 7.5% X 30/365 = 25.90
May : 8400 x 7.5% x 31/365 = 53.51
Amount late payment = 25.90 + 53.51
= RM 79.41
2. April: 4200 x 1% x 30/365 = 3.45
May : 8400 x 1% x 31/365 = 7.13
Taawidh amount to be paid = 3.45 + 7.13
= RM 10.58
3. Gharamah amount to be paid = 79.41 - 10.58
= RM 68.83
4. Payment in sept = 12600 - 79.41
= RM 12679.41
5. IB should disclose to its customer on the amount of gharamah used for charitable purpose.
AINAA MARDHIAH BINTI YAZID (1132005)
ReplyDeleteQuestion 1:
1) Taawidh amount= RM 10.03
2. Payment to be paid in sept = RM 6010.03
3. Different between Taawidh and Gharamah:
TAAWIDH
- Fixed at 1%
- Income to the bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- channel for charity
QUESTION 2:
Amount late payment = RM 79.41
2.Taawidh amount to be paid = RM 10.58
3. Gharamah amount to be paid = RM 68.83
4. Payment in sept = RM 12679.41
5. Question 1:
1) July: 2000 x 1% x 31/365 = 1.70
Aug : 4000 x 1% x 31/365 = 3.40
Sep : 6000 x 1% x 30/365 = 4.93
Taawidh amount = 1.70 + 3.40 + 4.93
= RM 10.03
2. Payment to be paid in sept = 6000 + 10.03
= RM 6010.03
3. Different between Taawidh and Gharamah:
TAAWIDH
- Fixed at 1%
- Income to the bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
GHARAMAH
- Penalty to avoid late payment
- Based on rate by BNM
- channel for charity
QUESTION 2:
1. April: 4200 X 7.5% X 30/365 = 25.90
May : 8400 x 7.5% x 31/365 = 53.51
Amount late payment = 25.90 + 53.51
= RM 79.41
2. April: 4200 x 1% x 30/365 = 3.45
May : 8400 x 1% x 31/365 = 7.13
Taawidh amount to be paid = 3.45 + 7.13
= RM 10.58
3. Gharamah amount to be paid = 79.41 - 10.58
= RM 68.83
4. Payment in sept = 12600 - 79.41
= RM 12679.41
5. IB should disclose to its customer on the amount of gharamah used for charitable purpose.
Assalamualaikum Dr. Faisol.
ReplyDeleteQuestion 1:
1) July: 2000 x 1% x 31/365 = 1.70
Aug : 4000 x 1% x 31/365 = 3.40
Sep : 6000 x 1% x 30/365 = 4.93
Ta'widh amount = 1.70 + 3.40 + 4.93
= RM 10.03
2. Payment to be paid in September = 6000 + 10.03
= RM 6010.03
3. Different between Ta'widh and Gharamah:
For Ta'widh:
- Fixed at 1%
- Income to the bank
- Customer’s liability is not exceeding 1% of outstanding principal balance
For Gharamah:
- Penalty to avoid late payment
- Based on rate by BNM
- channel for charity
QUESTION 2:
1. April: 4200 X 7.5% X 30/365 = 25.90
May : 8400 x 7.5% x 31/365 = 53.51
Amount late payment = 25.90 + 53.51
= RM 79.41
2. April: 4200 x 1% x 30/365 = 3.45
May : 8400 x 1% x 31/365 = 7.13
Ta'widh amount to be paid = 3.45 + 7.13
= RM 10.58
3. Gharamah amount to be paid = 79.41 - 10.58
= RM 68.83
4. Payment in sept = 12600 - 79.41
= RM 12679.41
5. IB should disclose to its customer on the amount of gharamah used for charitable purpose.