• PENJANA TOURISM FACILITY
    Driving recovery and growth for MSMEs in the tourism-related sector

    Features

    • Purpose of Financing: Working Capital, Capital Expenditure
    • Financing Amount: RM5,000 - RM 100,000
    • Financing Period: 1 - 7 years
    Shariah Concept

    Tawarruq (Commodity Murabahah) 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.

    The Tawarruq concept also involves the Wakalah contract (Agency) which adopts a ‘dual-agency’ arrangement, involving the followings:

    • The appointment of the Bank which acts as an agent on behalf of the customer to conclude the purchase of the commodity from the Bank on a Murabahah basis.
    • The appointment of the Bank which acts as an agent selling the commodity on behalf of the customer to a third party.
    APPLY NOW
    PENJANA TOURISM FACILITY
    Driving recovery and growth for MSMEs in the tourism-related sector

    Features

    • Purpose of Financing: Working Capital, Capital Expenditure
    • Financing Amount: RM5,000 - RM 100,000
    • Financing Period: 1 - 7 years
    Shariah Concept

    Tawarruq (Commodity Murabahah) 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.

    The Tawarruq concept also involves the Wakalah contract (Agency) which adopts a ‘dual-agency’ arrangement, involving the followings:

    • The appointment of the Bank which acts as an agent on behalf of the customer to conclude the purchase of the commodity from the Bank on a Murabahah basis.
    • The appointment of the Bank which acts as an agent selling the commodity on behalf of the customer to a third party.
    APPLY NOW

PENJANA Tourism Financing (PTF) is a financing scheme offered to support the recovery and growth of MSMEs in the tourism-related sector.

ELIGIBILITY

  • Entrepreneurs whose businesses are related to tourism as listed under the National Tourism Policy 2020 – 2030 by the Ministry of Tourism, Arts and Culture (MOTAC)

  • Micro Enterprise – Sole Proprietorship / Partnership / Limited Liability Partnership / Private Limited Company

  • Malaysian owned business
  • Registered with Suruhanjaya Syarikat Malaysia (SSM) for Peninsular Malaysia or authorities / district offices in Sabah and Sarawak for Sabah and Sarawak / MOTAC
  • Business that has been in operation not less than 6 months

REQUIRED DOCUMENTS

Sole Proprietorship / PartnershipPrivate Limited Company
A valid Business Registration certificate with SSM or Business License with Local Authority (LA) / MOTAC Certified True Copy (CTC) of Form 9, 24, 44, 49, M&A (or as such), a valid Business Registration certificate with MOTAC
A copy of NRIC of sole proprietor / partnersA copy of NRIC of all Directors / Shareholders / Guarantors
Financial Statement / Management Account (if any)Latest 2 years of Audited Accounts / Management Accounts
Latest 6 months of company’s bank account statementLatest 6 months of company’s bank account statement
Any other supporting documents as required by the BankAny other supporting documents as required by the Bank

FIXED RATE

  • 3.50 % p.a.

Get Started with our Financing Calculator

Wish to know how much you would be paying every month? Let us help you get started. 

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{{lang == 'en' ? 'Disclaimer :' : 'Penafian :'}}
{{lang == 'en' ? ' This calculator serves as an estimate only. It is provided for illustrative purposes and is based on the accuracy of information provided. It does not constitute a quote. BSN shall not be responsible for any inaccuracies or errors resulting from the use of this calculator.' :'Kalkulator ini berfungsi sebagai anggaran sahaja. Ia disediakan untuk tujuan ilustrasi dan adalah berdasarkan ketepatan maklumat yang diberikan. Ia bukan merupakan sebut harga. BSN tidak akan bertanggungjawab terhadap sebarang ketidaktepatan atau kesilapan yang disebabkan oleh penggunaan kalkulator ini.'}}

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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