HalalBiz
HalalBiz is a financing programme to encourage participation of Micro, Small and Medium Enterprises (MSME) in the Halal industry ecosystem in Malaysia
Purpose
- Asset acquisition – Machinery / equipment;
- Factory renovation cost; and/or
- Working Capital requirement including Halal certificate cost expenses, 1st year guarantee fee and Takaful contribution (if applicable, capped at RM10,000).
Eligibility
- Micro, Small and Medium Enterprises (MSME) as defined by SME Corp, including Cooperative
- Registered with Suruhanjaya Syarikat Malaysia (SSM), or authorities / district offices (for Sabah and Sarawak), or statutory bodies for professional service providers.
- Shariah-compliant business with Halal certification from JAKIM or any other religious authority authorised by JAKIM. For companies without Halal certification, they must obtain Halal Certification from JAKIM or any other religious authority authorised by JAKIM within 24 months from the 1st disbursement date, of which, the submission must be made within the first 12 months.
- Minimum 2 years in operation, including commencement of the business by the previous owner or conversion/upgrade from Sole Proprietorship or Partnership.
- Shareholding by Public Listed Companies or Government Linked Companies (if any) shall not exceed 20%.
- At least 51% of shared held by Malaysian residing in Malaysia.
Financing Facilities
- Commodity Murabahah Term Financing-i (CMTF-i)
- Ijarah Thummal Bai` (ITB) Financing
- Revolving Credit-i (RC-i)
- Cash Line-i (CL-i)
Financing Limit
- Minimum: RM100,000.00
- Maximum: RM1.0 million
Profit Rate
| Fund | Profit Rate | ||||||
|---|---|---|---|---|---|---|---|
| Bank Negara Malaysia (BNM) Fund |
| ||||||
| SME Bank Market Fund | 6.00% p.a. (net of 1.00% p.a. profit rate subsidy). |
Margin of Financing
| Purpose | Margin |
|---|---|
| Machinery / Equipment Acquisition (including installation cost) |
|
| Factory Renovation Cost |
|
| Working Capital Requirement |
|
Financing Tenure
- Asset acquisition: 7 years
- Working capital: 5 years
Note: For HalalBiz using BNM-AES, the maximum Financing Tenure is capped at 5 years.
Collateral
Collateral acceptable by the Bank as per SME Bank's policy.
Takaful
- Takaful / insurance coverage is mandatory if the asset is given as security for the financing (if applicable). You have the option to select the service offered by our panel Takaful operators or non-panel Takaful operators.
- For working capital financing involving purchase of stock (materials raw, semi-finished goods) shall be covered by Takaful coverage.
Fees and Charges
Product Disclosure Sheet
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