- Shariah Concept
Tawarruq
- Eligible Economic Sector
- Manufacturing
- Services
- Others- Primary agriculture, Construction, Mining & quarrying
- Financing Size
RM 1,000 – RM 50,000
- Eligible Customers
- Members of cooperatives
- Self-employed individuals
- Micro enterprises
- Purpose of Financing
- Working capital
- Capital expenditure
- Provide easy access to financing
- Simple financing procedures allowing for fast disbursement
- Incentives to encourage good repayment practices
- Takaful / Insurance protection provided by Bank
- Training and guidance for borrower development is provided
- Members of cooperatives and Hawkers and Petty Traders Association
- Full-time Micro enterprises
- Place of residence is within the business vicinity
- 18 years old and not exceeding 65 years old when the financing tenure expires
- Have valid business license / permit / registration
- At least with 2 years business experience
- Copy of MyKad
- Recommendation letter from panel Cooperatives
- Proof of business operations
(e.g. business registration / license / permit)
- Proof of income
(e.g. bank statement)
