Types of membership within AFF? Category of Membership Classification Criteria Payment % of Accumulated Incentive Premium Refer and maintain 14 or less financing customers to the bank within his/her four levels of network. 50% Spectrum Refer and maintain at least 15 financing customers to the Bank within his/her four levels of network. Out of 15 financing customers in the network, 4 of them have to be in Level 1 of the network. 75% Titan Refer and maintain at least 35 financing customers to the Bank within his/her four levels of network. Out of 35 financing customers in the network, 4 of them have to be Spectrum member. 100%
How many customers should there be in my network if I want to earn RM12,000 per month?
There should be 2800 customers within your 4 levels of network each taking financing of RM250,000 and making PROMPT monthly payments.
Or you need only 7 customers directly under you at Level 1 and everyone in your group does the same up to 4 levels downward.
In Brief…. Finance Amount RM250,000 Desired Income No of members Each to introduce RM6,636 1554 6 RM11,958 2800 7 RM19,987 4680 8 RM31,518 7380 9 RM47,448 11110 10 RM68,777 16104 11 RM96,606 22620 12
In Brief…. Finance Amount RM400,000 Desired Income No of members Each to introduce RM10,619 1554 6 RM19,133 2800 7 RM31,980 4680 8 RM50,430 7380 9 RM75,918 11110 10 RM110,044 16104 11 RM154,570 22620 12
Will I be able to enjoy the shared profit immediately? It depends on type of financing products that your friends and family take. For Personal Finance & Vehicle Finance, rewards will be shared immediately after your referred members make the prompt monthly payment. For government servant members, monthly deduction will only commence 3 or 4 months after disbursement. For Home Finance, disbursement may take up to 4 months and installment will commence after disbursement has been done.
What if I refer a customer and he does not want to be an AFF member? Membership is done at the free will of the customer. You can still get referral income from this customer. This customer, however, will not be eligible to refer and obtain referral income from other customers unless he joins the AFF. You still need to register this customer in AFF as non-member. No membership fee will be levied.
a one time registration fee of RM50 to be deducted on the following 7 th of the month after membership application is submitted & approved.
subsequent years annual fee of RM20 to be deducted on 7 th of the month of the anniversary.
No Cash will be collected by members. All fees are deductible from customers’ savings or current account.
How much does the membership cost?
Membership must be registered before a financing account is opened. Payment of incentive will only be paid to active member. Non active member will not receive their monthly incentive. Renewal of membership will be done automatically on the anniversary date where Al Rajhi will deduct the annual fee from their current or saving account. What is the difference between active and non-active member?
A statement will be provided on a monthly basis on your referred members coming from each level. No customer details will be provided as we will infringe BNM. Each member will be given a portal ID to check their direct recruit performance in Phase 2. How do I know that my members paid on time?
All finance applications together with AFF registration form need to be submitted to any of our branches or Direct Sales Executive together with AFF registration form.
You will get the AFF referral incentive when your friends and family make PROMPT monthly payment.
Sales figure will be reported under branches or the respective Direct Sales Executive.
Do you remember this Table? Finance Amount RM250,000 Desired Income No of members Each to introduce RM6,636 1554 6 RM11,958 2800 7 RM19,987 4680 8 RM31,518 7380 9 RM47,448 11110 10 RM68,777 16104 11 RM96,606 22620 12
Members are rewarded based on their position within the hierarchy network.
You may refer any number of members under your network and your referred members may do the same.
Any member can refer unlimited number of members directly under him/her.
Profit can only be shared within 4 levels under each member.
How does Al Rajhi share the profit and reward AFF members?
Example for Personal Finance:
Profit to be shared = (RM139.34 – RM36.67) X 12.50% = RM12.59
As there are 4 levels to be shared, the amount each member gets at each level from the PROMPT installment will be:
RM12.59 / 4 levels = RM3.15
Some numbers for Personal Finance… Finance Amount RM10,000 Desired Income No of members Each to introduce RM4,895 1554 6 RM8,820 2800 7 RM14,742 4680 8 RM23,247 7380 9 RM34,997 11110 10 RM50,728 16104 11 RM71,253 22620 12
Some numbers for Personal Finance… Finance Amount RM20,000 Desired Income No of members Each to introduce RM9,790 1554 6 RM17,640 2800 7 RM29,484 4680 8 RM46,494 7380 9 RM69,993 11110 10 RM101,445 16104 11 RM142,506 22620 12
In Brief…. Finance Amount RM30,000 Desired Income No of members Each to introduce RM14,685 1554 6 RM26,460 2800 7 RM44,226 4680 8 RM69,741 7380 9 RM104,990 11110 10 RM152,182 16104 11 RM213,759 22620 12