274 SECTION 09 AL-`AQAR HEALTHCARE REIT NOTES TO THE FINANCIAL STATEMENTS 31 December 2025 17. ISLAMIC FINANCING Group and Fund 2025 RM 2024 RM Non-current Commodity Murabahah Term Financing-i II (“Commodity Murabahah - II”) - - Commodity Murabahah Term Financing-i III (“Commodity Murabahah - III”) 300,000,000 580,000,000 Term Financing-i (“TF - I”) 72,000,000 72,000,000 372,000,000 652,000,000 Less: Transaction costs (1,369,667) (2,852,384) Total (non-current) 370,630,333 649,221,513 Current Commodity Murabahah - I - 80,000,000 Commodity Murabahah - II - 29,994,050 Commodity Murabahah Term Financing-i III (“Commodity Murabahah - III”) 280,000,000 - Commodity Murabahah Term Financing-i IV (“Commodity Murabahah - IV”) 359,994,050 - Less: Transaction costs (1,568,117) - Total (current) 638,425,933 109,920,153 Total (non-current and current) 1,009,056,266 759,141,666 Commodity Murabahah - III The Commodity Murabahah - III is payable over a period of 60 and 84 months for Tranche 1 and Tranche 2 respectively from the date of first disbursement with bullet repayment of the principal sum on the 60th and 84th months respectively. The Commodity Murabahah - III bears a profit rate of 1.15% and 1.25% (2024: 1.15% and 1.25%) per annum for Tranche 1 and Tranche 2 respectively above the bank’s COF. As at reporting date, the profit rate for the Commodity Murabahah is 4.45% and 4.58% (2024: 4.72% and 4.86%) per annum for Tranche 1 and Tranche 2 respectively. As at the reporting date, the Group had borrowings of RM280,000,000 and RM300,000,000 with contractual maturity dates in May 2026 and May 2028, respectively. Subsequent to the reporting date, the Group has initiated the process to extend the maturities of these borrowings and has identified several refinancing plans to be undertaken thereafter. The Commodity Murabahah - III was secured against the investment properties which amounting to RM1,374,000,000 (2024: RM 1,128,000,000) as disclosed in Note 10.
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