• MADANI SINAR-i
    Your Business Financial Solutions

    Features

    • Financing Purpose: Working Capital, Capital Expenditure and Renovation
    • Financing Tenure: 1 to 7 years
    • Financing Amount: 
      • Minimum: RM2,000
      • Maximum: RM100,000
    Shariah Concept

    Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.

    APPLY NOW
    MADANI SINAR-i
    Your Business Financial Solutions

    Features

    • Financing Purpose: Working Capital, Capital Expenditure and Renovation
    • Financing Tenure: 1 to 7 years
    • Financing Amount: 
      • Minimum: RM2,000
      • Maximum: RM100,000
    Shariah Concept

    Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.

    APPLY NOW

BSN Micro-i Madani Sinar is a micro financing facility offered to entrepreneurs who are former prisoners, former trainees of Agensi Anti Dadah Kebangsaan (AADK), Jabatan Kebajikan Masyarakat (JKM), Special Need People status (OKU) and PERKESO trainees to assist those intending to expand their businesses.

ELIGIBILITY

  • Micro/Small businesses owned by former prisoners, former trainees of Agensi Anti Dadah Kebangsaan (AADK), Jabatan Kebajikan Masyarakat (JKM), Special Need People status (OKU) and PERKESO trainees.

  • Malaysian owned business.

  • Self-employed including professionals (Accountant, Doctor, Lawyer).

  • Business registered with Companies Commission of Malaysia (CCM)/ Local Authority (LA)/ Professional Body/ Agency (for professionals only).
  • Business has been in operation for at least 3 months (based on the business’ category and type).

RATES

  • Flat rate: 3.00% per annum

Required Documents

A copy of Identification Card of Proprietor/ Partners/ all Directors (if any).
A copy of OKU Identification Card issued by Jabatan Kebajikan Masyarakat (JKM).
A valid Business Registration certificate with Companies Commission of Malaysia (CCM)/ Business License with Local Authority (LA)/ Professional body registration and certificate of practice (for professionals only).
Latest three (3) months or six (6) months of Bank Account Statement.
A copy of electricity and water bills of the business premises.
Any supporting documents as required by the Bank.

LATE PAYMENT CHARGES (LPC) 

Late Payment Charges will be charged based on Ta’widh (Compensation).

During financing PeriodLate Payment Charges (LPC) not exceeding 1% per annum will be imposed on the overdue monthly instalment payment in the event you fail to pay any monthly instalment within the stipulated period from the first disbursement of the financing until its maturity date.
After the completion of financing periodPrevailing daily overnight Islamic Interbank Money Market (IIMM) rate will be charged for failure to pay the total outstanding balance after maturity or upon judgment obtained, whichever earlier.



HOW DO I APPLY?

NOTES:

Visit our branch

Visit our nearest Business Financing Centre for more information
 OR download our Application Form HERE.

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