- Shariah Concept
Tawarruq
- Eligible Economic Sector
- Loan Size
RM 1,000 – RM 50,000
- Purpose of financing
- Working capital
- Capital expenditure
- Eligible customer
- Members of cooperatives
- Self-employed individuals
- Micro enterprises
- Provide easy access to financing
- Simple loan 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
- At least with 2 years business experience
- Age between 18 - 65 years old
- Place of residence is within the business vicinity
- Belongs to a self-help group
- Have valid business license / permit / registration
- Copy of MyKad
- Recommendation letter from
panel cooperatives and self-help group members
- Proof of business operations
(e.g. business registration / license / permit)
- Proof of income
(e.g. bank statement)
