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GOVERNMENT GUARANTEE SCHEME MADANI (GGSM-i)Unlock more opportunities to grow your businessFeatures
Financing Purpose: Working Capital
Financing Amount: RM5,000 - RM100,000
- Financing Period: 1 - 7 years
APPLY NOWShariah Concept This financing facility is based on the Tawarruq (Commodity Murabahah) concept, a Shariah-compliant financing arrangement. Under this arrangement:
- The Bank purchases and sells a commodity to you on a deferred payment basis.
- The commodity is then sold to a third party to provide the financing amount.
The facility also uses the Wakalah (Agency) concept, where you authorise the Bank to purchase and sell the commodity on your behalf as part of the financing process.
GOVERNMENT GUARANTEE SCHEME MADANI (GGSM-i)Unlock more opportunities to grow your businessFeatures
Financing Purpose: Working Capital
Financing Amount: RM5,000 - RM100,000
- Financing Period: 1 - 7 years
APPLY NOWShariah Concept This financing facility is based on the Tawarruq (Commodity Murabahah) concept, a Shariah-compliant financing arrangement. Under this arrangement:
- The Bank purchases and sells a commodity to you on a deferred payment basis.
- The commodity is then sold to a third party to provide the financing amount.
The facility also uses the Wakalah (Agency) concept, where you authorise the Bank to purchase and sell the commodity on your behalf as part of the financing process.
Get financing support under the Government Guarantee Scheme MADANI to meet your working capital needs or support the growth of your business.
ELIGIBILITY
Micro Enterprises (Sole Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company (Sdn. Bhd.).
- Malaysian-owned business.
- Business registered with Companies Commission of Malaysia (CCM) / Local Authority (LA).
Business has been in operation for at least two (2) years.
Required Documents
A copy of Identification Card of the Proprietor / Partners / all Directors (if applicable) | |
| A valid Business Registration with CCM or Business License with Local Authority (LA) | |
| Copy of the Sole Proprietor’s / Partner’s National Identification Card | |
| Latest six (6) months of bank account statement | |
| Latest one (1) month water bill or electricity bill for the business premises | |
| Any other supporting documents as required by the Bank |
FLAT RATE
From 4.46% p.a., inclusive of guaranteed fee
LATE PAYMENT CHARGES (LPC)Â
Late Payment Charges will be charged based on Ta’widh (Compensation).
| During financing Period | Late 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 period | Prevailing 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?
- Application submission available online. APPLY NOW.
- User guide for online application.
NOTES:
- All documents must be certified by a bank or the surety's employ.
- Islamic Interbank Money Market (IIMM) is subject to change from time to time.
- View all banking rates.
- View all fees & charges.
- View Ibra’ Payment Illustrative Schedule.
- View Product Disclosure Sheet.
- Terms & Conditions apply.
Visit our branch
Visit our nearest Business Financing Centre for more information
OR download our Application Form HERE.
