To facilitate business that are impacted by the COVID-19 pandemic, Bank Negara Malaysia has announced the 6-months deferment to SME companies in Malaysia that took effect in March 2020. Explain the purpose of a bank giving deferment to companies. How can this assist SBKB?

(10 marks)

SBKB was established in 2005. It operates a three-star resort in Cherating, Pahang. On 01 January 2019, the company obtained the following financing package from Urban Bank Berhad to finance its business operations: - FACILITY AMOUNT TENURE CONTRACT PURPOSE Working RM600,000 Murabahah To finance working capital Capital 3 years requirement Fixed asset financing Tawarruq To finance the development of the resort RM2,000,000 10 years