Domestic Ringgit Borrowing (DRB) refers to:
(a) any Borrowing in Ringgit obtained by a Resident from another Resident; or
(b) any obligation considered or deemed as Domestic Ringgit Borrowing under any of Bank Negara Malaysia’s Foreign Exchange Notices.
A Resident Individual, sole proprietorship or General Partnership without Domestic Ringgit Borrowing is allowed to invest in Foreign Currency Asset up to any amount.
A Resident Individual, sole proprietorship or General Partnership with Domestic Ringgit Borrowing is allowed to invest in Foreign Currency Asset up to RM1million equivalent* per calendar year using funds sourced from the aggregate of
Any amount where the investment is in real estate** outside Malaysia for the purpose of education, employment or migration shall be excluded from the aggregate.
* Computed in aggregate based on the Resident Individual, sole proprietorship and General Partnership’s investment in Foreign Currency Asset.
**The real estate is for the Resident Individual’s own accommodation or the Resident Individual’s Immediate Family Member’s accommodation only.
The term borrower and borrowing/loan appearing in this declaration in LiveFX will also be read as client and financing (where applicable) for Islamic banking products and services.
If you have DRB, please select “Yes”. By selecting “Yes”, you are declaring that you have DRB and you would still be within the aggregated limit of RM1million equivalent per calendar year after you undertake this transaction.
If you do not have DRB, please select “No”