Rural Economic Financing-i Scheme (SPED)

Government Schemes

Rural Economic Financing-i Scheme (SPED)

As a caring bank, Bank Rakyat also focused to small and medium rural area enterprise financing needs. This product offers financing facilities for Bumiputera entrepreneurs through the fund allocated by the Government to increase the entrepreneurs' economic level by financing their initial cost and expansion of business including purchasing the machineries and equipment, renovate premise and raw material.

Qard refers to the interest free loan and customer needs to pay the principal amount and other related cost that determined by the Bank.


  • 100% Bumiputera owned business such as enterprise, partnership, private limited company that operates in rural area.
  • Maximum age: At least 18 years old and not more than 60 years old during application (sole proprietor)
  • Full time entrepreneur (sole proprietorship and partnership).
  • Business approved from the local authority.
  • Possess a valid business licence
  • In operation for at least one year
  • Not blacklisted by any financial institutions



  • This loan is under Shariah principles of Qard where the Fund Provider (KKLW) will allocate funds to rural Bumiputera entrepreneurs via Bank Rakyat with no additional charge based on pre-agreed terms and conditions.

Wakalah Bil Ujrah

  • The Shariah principles of Wakalah Bil Ujrah means that the Fund Provider (KKLW) agrees to appoint Bank Rakyat as its Agent to disburse loan and collect repayment on its behalf. Bank Rakyat will be paid ujrah or service fee by KKLW and said ujrah or service fee by KKLW on the wakalah services will be borne by the customer.


To finance the initial cost and expansion of business including purchase of machineries and equipment, raw material and renovation of business premises.

Loan Margin

  • Minimum: RM 20,000.00
  • Maximum: RM500,000.00

Loan Tenure

  • Less than RM250,000 Maximum 5 years
  • More than RM250,000 Maximum 7 years

Grace Period

6 months


No guarantor is required.


5% per annum based on monthly basis

Ibra' 30% Government Grant

30% on the financing amount approved (applicable to financing RM250,000 and below)


During the loan tenure:

1% per annum on the outstanding amount of the monthly repayment
After expiry of the load tenureShall not be more than the prevailing daily overnight Islamic Interbank Money Market (IIMM) on the outstanding balance

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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