MySMEBekal is a complete short term financing programme to supply or maintain the contract awarded by Federal Government, State Government, Government Agencies, Government Link Companies (GLC) and its subsidiaries.
Purpose
- Working Capital
- Bank Guarantee
Eligibility
-
SMEs with good credit records
-
Obtained supply or maintenance contract
-
Contract awarder must be Federal Government, State Government, Government agencies, GLCs and its subsidiaries
-
Contract tenure not more than 18 months.
Financing Concept
- Commodity Murabahah Revolving Financing-i (CMRF-i)
- Kafalah Bank Guarantee (BG)
Margin of Financing
| CMRF |
Up to 100% of contract cost. |
| BG |
As per requirements by contract awarder |
Financing Tenure
| CMRF-i |
Up to 18 month |
| BG fee |
As per requirement by contract awarder |
Profit Rate
| CMRF-i |
1.5% p.m |
| BG Fee |
0.125 p.m |
Collateral
- 5% cash collateral for working capital
- 20% cash collateral for BG
- Assignment of contract proceeds
- Built-up sinking fund from contract proceeds
- Joint and several guarantees of directors/shareholders
Download MySMEBekal
|
|
 |
Product Disclosure Sheet
|
For further inquiries, please contact any of our Enterprise Centres / Business Centres.
Our Branches
