Micro Financing-i MUsK

Micro Financing-i

Micro Financing-i MUsK

Micro Financing-i MUsK scheme is designed specially to provide funds and financing to assist hawkers and peddlers to expand and improve their business.

Types of financing

  • Direct funding for cooperative members / Hawkers & Peddlers Society.
  • Conduct a micro enterprise
  • Required to participate Self Help Group (SHG)*.
  • Profit rate 12.56% in flat rate.
  • Shariah Concept : Tawarruq

*SHG is an individual group that consist of 5 to 10 pax.

Type of Business

  • Manufacturing
  • Services
  • Others - Primary agriculture, Construction, Mining & quarrying


  • Malaysian.
  • Cooperative members / Hawkers & Peddlers Society
  • Sole proprietor, partnership, private limited company.
  • 18 years old and not exceeding 65 years old when the financing tenure expires.
  • Residing in the business operation area.
  • SHG members with good repayment record (backlog payment not more than 4 weeks).

Maximum Financing

RM 1,000 - RM 50,000

Payment Method

  • Savings Account deduction
  • At ATM / CDM

Profile Rate


Fees and Charges

Charge and Service for Individuals

Late Payment Charges (Ta'widh):

During the financing period:
1% per annum on top of the outstanding payment

After the financing tenure expires
Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance.

Wakalah or Agency FeeWakalah or agency fee of RM28.30 
Stamp Duty FeeExempted
Early Settlement FeeRebate (Ibra’) will be given on the deferred profit

Product Disclosure Sheet

For further information, you may visit our nearest branches or call our tele-Rakyat Contact Centre at 1-300-80-5454

* Subject to terms and conditions

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