QUESTION 2 As a CEO of Gempak Gempur Sdn Bhd, Datuk Ikhwan would like to apply a line of credit for home renovation. However, the bank asked him to put a collateral for the purpose of security. Datuk...

Extracted text: QUESTION 2 As a CEO of Gempak Gempur Sdn Bhd, Datuk Ikhwan would like to apply a line of credit for home renovation. However, the bank asked him to put a collateral for the purpose of security. Datuk Ikhwan asked some advice from Mrs Fauzana, his personal assistant who had graduated in BBA(Hon) Islamic Banking. Below is Datuk Ikhwan's personal financial information. No Asset RM Stocks 60,000 35,000 150,000 1 Balance in Tabung Haji Personal Loan with RHB Bank 2 BMW Car 250,000 1,200 2,000 50,000 500,000 77,000 4 Sijil Simpanan Premium Groceries Bank deposit Land 7 Hire purchase of Harley Davidson (balance) Public Mutual Unit Trust 3,000 4,500 10 11 Credit card balance with Bank Siap Siaga Marketable securities 5,000 25,000 55,000 3,000 10,000 12 13 Collectibles Savings with CIMB Bank Telephone bills Deposit in OSK Investment 14 15 16 account 17 Townhouse financing 300,000 balance at Damansara Utama