Documente Academic
Documente Profesional
Documente Cultură
The banking system, comprising commercial banks, investment banks, and Islamic
banks, is the primary mobiliser of funds and the main source of financing to support
economic activities in Malaysia.
A commercial bank is a type of financial intermediary and a type of bank. Commercial
banking is also known as business banking. It is a bank that provides checking
accounts, savings accounts, and money market accounts and that accepts time
deposits. Commercial banking may also be seen as distinct from retail banking, which
involves the provision of financial services direct to consumers. Many banks offer both
commercial and retail banking services.
Islamic bank refers to a system of banking or banking activity that is consistent with the
principles of Islamic law (Sharia) and its practical application through the development
of Islamic economics. Sharia prohibits the payment of fees for the renting of money
(usury) for specific terms, as well as investing in businesses that provide goods or
services considered contrary to its principles (forbidden). While these principles were
used as the basis for a flourishing economy in earlier times, it is only in the late 20th
century that a number of Islamic banks were formed to apply these principles to private
or semi-private commercial institutions within the Muslim community.
To know about how the financial institutions in Malaysia managing their services.
To explore the application on ratios in regular savings, simple and compound
interest especially in personal loan.
Construct visual representation of data and communicate findings through logical
and critical analysis of information
Make meaningful and rational inferences and judgments based on knowledge of
ratio
Planning budget proposal for monthly and annual expense based on monthly
income.
To enable student to write a complete report.
Manage data in a systematic manner so as to process and display information
discreetly and meaningfully
MONTHLY INCOME
MINISTRY OF EDUCATION
Name
Salary Number
: 84052745
I/C Number
MONTHLY INCOME
AMOUNT(RM)________
Basic Salary
1, 750.00
House Allowance
300.00
300.00
Transportation Allowance
150.00
2, 500.00
The table above shows the monthly income or salary. The basic salary is RM 1,750, the
house allowance is RM 300, the government allowance is RM 300 and the
transportation allowance is RM 150. Hence the total monthly income is RM 2500.
MONTHLY EXPENSES
~
ITEMS
MONTHLY EXPENSES
ANNUAL EXPENSES
House Rent
Car Loan
Foods
Bills
Insurance
Parents
Personal Spending
Saving
TOTAL EXPENSES
(RM)
300
250
450
160
70
150
200
300
1,880
(RM)
3600
3000
5400
1920
840
1800
2400
3600
22, 560
The table and charts show the money spent for different types of item such as
house rent, car loan, foods, bills, insurance, parents, personal spending and saving.
The trend indicates that the large money spent for foods about 450 per month or about
24%.
About RM 300 per month or 16% spent for house rent and saving. The spent for
both item are secondly large. Saving is very important in our life. About 13% or RM 250
per month spent for car loan payment. It is thirdly large spent. Besides that, RM 200 per
month or 11% spent for personal spending such as accessory, medicine and many
more.
Furthermore, RM 160 per month or 8.1 % spent for the bills like as water bill,
electric bill and phone bill. 7.9% or RM 150 per month spent for parents. It was to
appreciate and thankful to them. The smallest spent about 4% or RM 70 per month was
for insurance. It was very importance for our future life.
BUDGET (RM)
Total Monthly Income Total Monthly
BUDGET (RM)
Total Annual Income Total Annual
Budget
Budget
RM2500.00
RATE OF INTEREST
PAYMENT PERIOD
AMOUNT OF LOAN
RM50,000
AMOUNT OF INTEREST
total
amount of interest
AMOUNT HAVE TO PAY
MONTHLY PAYMENT
=monthly payment
BANK RAKYAT
~
RM2500.00
RATE OF INTEREST
5.80%
PAYMENT PERIOD
15 YEARS
AMOUNT OF LOAN
RM50000
AMOUNT OF INTEREST
RM43500
MONTHLY PAYMENT
= RM520
CIMB BANK
~
RM2500
RATE OF INTEREST
4.99%
PAYMENT PERIOD
15 YEARS
AMOUNT OF LOAN
RM50000
AMOUNT OF INTEREST
50000
15= RM37425
=
RM50000 + RM37425=RM87425
MONTHLY PAYMENT
=RM486
10
RM2500.00
RATE OF INTEREST
3.50%
PAYMENT PERIOD
15 YEARS
AMOUNT OF LOAN
RM50000.00
AMOUNT OF INTEREST
50000
AMOUNT HAVE TO PAY
= RM26250.00
MONTHLY PAYMENT
= RM 423.60
11
PUBLIC BANK
INCOME PER MONTH
RM2500.00
RATE OF INTEREST
3.4%
PAYMENT PERIOD
15 YEARS
AMOUNT OF LOAN
RM50000
AMOUNT OF INTEREST
50000
AMOUNT HAVE TO PAY
15= RM25500.00
MONTHLY PAYMENT
= RM 419.44
BANK ISLAM
~
12
RM 2500.00
RATE OF INTEREST
3.6%
PAYMENT PERIOD
15 YEARS
AMOUNT OF LOAN
RM50000.00
AMOUNT OF INTEREST
50000
AMOUNT HAVE TO PAY
15= RM 27000.00
MONTHLY PAYMENT
= RM 427.77
13
BANK
RATE OF
REPAYMENT
AMOUNT OF
AMOUNT
MONTHLY
INTEREST
PERIOD
INTEREST
THAT HAVE
REPAYMENT
(%)
(RM)
(RM)
TO BE REPAY
(RM)
(RM)
BANK
5.80%
15 years
RM 43500
RM 93500
RM 520.00
4.99 %
15 years
RM 37425
RM 87425
RM 486.00
3.50 %
15 years
RM 26250
RM 76 250
RM 423.60
3.40 %
15 years
RM 25500
RM 75500
RM 419.44
3.60 %
15 years
RM 27 000
RM 77 000
RM 427.77
RAKYAT
CIMB BANK
BANK
SIMPANAN
NASIONAL
PUBLIC
BANK
BANK
ISLAM
14
The graph shows that Bank Rakyat has the highest rate of interest while Public Bank
has the lowest rate of interest
The graph shows that Bank Rakyat has the highest total amount of interest while Public
Bank has the lowest total amount of interest
15
The graph shows that Bank Rakyat has the highest total amount that have to repay
while Public Bank has the lowest total amount that have to repay
The graph shows that Bank Rakyat has the highest monthly repayment while Public
Bank has the lowest monthly repayment
16
BANK
RATE OF
REPAYMENT
AMOUNT OF
AMOUNT
MONTHLY
INTEREST
PERIOD
INTEREST
THAT HAVE
REPAYMENT
(%)
(RM)
(RM)
TO BE
(RM)
REPAY
(RM)
PUBLIC
3.40 %
15 years
RM 25500
RM 75500
RM 419.44
BANK
Based on our researched and calculation, we have made our final decision and agree to
choose Public Bank scheme loan as our personal loan. It gives us more benefits than
other bank. Why do we chose Public Bank scheme loan?
First of all, the Public Bank scheme loan gives us the lowest rate of interest. The
rate of interest is only 3.40%. the total amount of interest for 15 years is RM 25500. It is
the lowest compare with the other bank. Therefore the amount that we have to pay back
is about RM 75500.
Furthermore, after we found that we only have to pay RM 419.44 per month. It was
affordable according to our personal loan budget. With the lowest payment, it can less
our burden when paying the loan each month. Our personal loan budget is RM 620.
Therefore, we could have a balance about RM 200. Hence, we can use this RM 200 as
our monthly saving.
17
18
19
BOOKS
Jean Luttrell Weirich, 1983, Personal Financial Management, published by
Little Brown and Company
Rosli Mahmood, 1998, Perbankan dan Pemberian Pinjaman, published by
Utusan Publication and Distributors Sdn. Bhd.
INTERNET
http://en.wikipedia.org/wiki/Commercial_bank
http://www.alacrastore.com/storecontent/moodys/PBC_109641
ttp://en.wikipedia.org/wiki/Islamic_bank
http://education.yahoo.com/reference/dictionary/entry/loan
http://en.wikipedia.org/wiki/Loan
http://en.wikipedia.org/wiki/Interest
http://www.answers.com/topic/interest
20
21