Shariah-Compliant Product Disclosure Sheet

Commodity Murabahah-based Personal Financing Product

1. Product Name: AHA Smart Cash by Wawasan Cojaya Sdn. Bhd.

2. Purpose of the Financing 
For personal use, subject to the approval of the financier and in compliance with Shariah principles.

3. Tenure 
14 months

4. Financing Amount Available 
Minimum: RM100 
Maximum: RM20,000

5. Profit Rate 
Fixed Profit Rate :
3.00% per month

6. Fees & Charges (Applicable fees are financed by the Financier and form part of the total financing amount.)

Fee Component	Amount (MYR)	Description
Wakalah Fee	RM 20	Fee for agency appointment and administration to enter into Comoddity Murabahah transaction on behalf of customer
Stamping Fee	RM 10	As per the Stamp Act 1949
Commodity Trading	RM 10	Cost of trading commodity under Commodity Trading Platform
Processing Fee	RM 70	Study, administrative, operational, and procedural costs associated with the evaluation, risk assessment, approval, documentation
Total Fee	RM 20-110	Fees are financed by the Financier and form part of the total financing amount.

7. Amount Disbursed
Please refer to Appendix 1

8. Total Payment Amount
Please refer to Appendix 1

9.Shariah Concept
The product is structured as a Commodity Murabahah via Tawarruq arrangement, where customer request financier to facilitate the purchase and sale of commodities through the commodity platform for each request of Smart limit financing. Proceeds are then disbursed after all fees are deducted upfront.

10. Key Risks 
Non-payment may result in your future financing applications being rejected. You must ensure you can afford the total payment at the end of the financing term.

11. Late Payment Charges
In accordance with Shariah principles:

No compounding
A late payment charge shall be applied at a rate of 10% per annum on the overdue balance. Late payment charges are calculated based on Compensation (Ta’widh) and Penalty (Gharamah).
The Ta’widh is imposed at 1% per annum, while the remaining amount will be recognized as a Penalty (Gharamah) and will be channelled to charity.
The combined rate of both Ta’widh and Gharamah imposed on the overdue instalments shall not be compounded on the total outstanding instalments and shall not exceed 100% of the total outstanding principal amount.

12. Eligibility Criteria

Malaysian citizen, aged 18–60 years
Minimum income: Subject to internal credit assessment
Valid MyKad

13. Early Settlement 
You may settle the financing early at any time. You will not be entitled to any rebate (ibra’) for any early partial or full payment.