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. Ali 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 th 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 Ali has to pay
if the penalty rate given is 7.5%.
2. Calculate the ta’widh
amount to be paid by Ali.
3. Calculate the gharamah amount
to be paid by Ali.
4. Calculate the payment to be paid by Ali in the month of
September
5.
List all the required treatments
should be performed by Islamic banks when dealing with gharamah collection.
PLEASE REFER
Ta’widh & Gharamah – 3 articles attached (goals); BNM, ISRA and
journal
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.
MUHAMMAD ZIKRI BIN ZAINOL (1112340) TMA1
ReplyDeleteA) 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.