Business Products

Small Medium Enterprise / Small Medium Enterprise (SME)

Advantages of Islamic financing scheme with Bank Rakyat

  • 20% rebate on stamp duty of financing agreement
  • No early settlement fees
  • 2% profit rebate through SME Syariah Compliant Facilities Scheme (SSFS) by SME Corp*
  • No compounding on unpaid profit
  • No commitment fees for unused amount
  • Protection against rise in financing profit rate through ceiling profit rate (Bank's sale/ akad price)
  • Compulsory rebate (ibra') for early settlement
  • Competitive profit rate

*Terms and conditions apply

PRODUCTS PRODUCT FEATURES SPECIFIC REQUIRED DOCUMENTS
Property Financing-i To finance purchase of business premise
  • Margin of financing up to 80%
  • Concept : Tawarruq
  • Maximum tenure of 15 years
  • Copy of Sale and Purchase Agreement (SPA) or Copy of Booking Receipt (if SPA is not available), copy of valuation report, copy of title deed
  • Tenancy Agreement (where applicable)
  • Purpose of purchasing property
Bridging Financing-i To part finance purchase of land and development costs
  • Margin of financing of purchase of land up to 80%
  • Margin of financing of development costs up to 60% from Gross Development Costs including purchase of land; up to40% from Gross Development Costs excluding purchase of land
  • Concept : Tawarruq
  • Maximum tenure according to project tenure.
  • For applications from developer or contractor - list of completed and on-going projects
  • Copy of approvals from relevant authorities on building/layout plan, licenses etc (if any)
  • Feasibility report if any project costing and location map. To provide projected cash flow for duration of the project/contract
  • Copy of Project Paper and Joint Venture Agreement.

Project/Contract Financing-i

To part finance the cost to complete the contract awarded by government and GLCs

  • Financing of up to 80% of the contract cost
  • Assignment of contract proceeds
  • Concept : Tawarruq
  • Maximum tenure according to contract tenure
  • Certified True Copy of Letter of Award of contract to be financed
  • Performance bond/bank guarantee
  • Cash flow projection and profit and loss projection of the contract
  • Contract work schedule
  • Procedure of contract payment
  • Latest progress reports of the contract to be financed
  • List of completed and ongoing projects (including tenure, completion date, awarder and reason for delay if applicable)
  • ist of suppliers (including name, address, contact person

Working Capital Financing-i

To finance working capital for business expansion

  • Margin of financing up to 80%
  • Concept : Tawarruq
  • Revolving tenure depends on working capital cycle
  • Detailed information on purpose of financing, product and pricing
  • Manufacturing process flow together with time period

Term Financing-i

To finance purchase of equipment/machineries

  • Concept: Tawarruq
  • Financing tenure up to 10 years
  • Original quotation for the equipment/machinery

Advantages of Islamic financing scheme with Bank Rakyat

  • 20% rebate on stamp duty of financing agreement
  • No early settlement fees
  • 2% profit rebate through SME Syariah Compliant Facilities
  • Scheme (SSFS) by SME Corp*
  • No compounding on unpaid profit
  • No commitment fees for unused amount
  • Protection against rise in financing profit rate through ceiling profit rate (Bank's sale/ akad price)
  • Compulsory rebate (ibra') for early settlement
  • Competitive profit rate

*Terms and conditions apply

Eligibility

  • Companies, which are registered with Companies Commission of Malaysia
  • Minimum three years in operation

Basic required documents

  • Application letter specifying type, purpose and amount of financing required
  • A copy of Company's Profile (including company background)complete profiles of Board of Directors and Management Team
  • Company Registration Forms* (i.e.: M&A, Form 9, 24, 32A, 44,and 49 whichever is applicable)
  • Past continuous three years Audited Financial Reports (latest to be not more than 18 months old)*
  • SLatest management accounts (not more than three months old)*
  • Past continuous six months Current Account Statements*
  • Supporting information for guarantors
  • Debtors and creditors list (not more than three months old)including full name, address, contact person and contact number, credit terms and any reason for its long outstanding
  • Projected cash flow according to proposed tenure of financing

*Documents submitted to be certified as true copy by Company's Secretary
*The list is not exhaustive. The Bank may require applicants to submit additional documents.
*For specific required documents for each product, please refer to our website: bankrakyat.com.my

Related financing schemes

PRODUCT ORGANISATION ELIGIBILITY BENEFIT
SME Syariah Compliant Facilities Scheme (SSFS) (available until December 2014) SME Corporation Malaysia
  • Bumiputera/Non Bumiputera
  • Fit the SMEcriteria
  • Limit to RM5million financingper company
  • Profit rebate of 2%
MARA Entrepreneur Guarantee Scheme (MEGS) (1% p.a. guarantee fee) Majlis Amanah Rakyat (MARA)
  • 100% Bumiputera companies
  • Limit to RM2 million financing per company
  • Guarantee ofup to 80%
Green Technology Facility Scheme (GTFS) Credit Guarantee Corporation
  • SMEs who aregranted Green Tech Certification
  • Guarantee of up to 60%
  • Profit rebate of 2%
Enhancer-i Credit Guarantee Corporation SME
  • Guarantee of up to 80% on clean portion

*Subject to Terms and Conditions

Quick facts

No of Employees

ECONOMIC ACTIVITY
SECTOR MANUFACTURING SERVICES AND OTHERS
SMALL 5-75 employees 5-30 employees
MEDIUM 75-200 employees 30-75 employees

Turnover

ECONOMIC ACTIVITY
SECTOR MANUFACTURING SERVICES AND OTHERS
SMALL RM300,000 to RM15 million RM300,000 to RM3 million
MEDIUM RM15 million to RM50 million RM3 million to RM20 million

How to apply

Application can be forwarded to any Bank Rakyat's branches throughout Malaysia or contact us at:

Small Medium Enterprises
26th Floor, Tower 1,
Bank Rakyat Twin Tower,
Jalan Travers,
50470 Kuala Lumpur
Tel: 03-26129600
Ext: 8945/8858/8311/8890/8794/8013
Fax: 03-2272 2306 / 03-2272 2307
Email: sme@bankrakyat.com.my

For any enquiries, please visit the nearest bank or call the tele-Rakyat Contact Centre at 1-300-80-5454.

*Terms and conditions applied