Halal Suite Financing

Halal Suite Financing

Halal Suite Financing is designed to support businesses at every stage of their Halal certification journey. The financing facility provides funding for both capital and operational needs, including certification, compliance, consultancy, training, and other Halal-related expenses, enabling businesses to obtain, maintain, and grow their Halal-certified operations.

Purpose

  • Working capital financing to support the Halal certification process, including consultancy and training expenses.
  • Capital and operational expenditures related to Halal compliance requirements.
  • Enhancement and upgrading of premises, facilities, machinery, and equipment to comply with Halal certification and food safety requirements.

Eligibility

Open to all business entities, including Micro, Small and Medium Enterprises (MSMEs) and cooperatives, that:

  • Intend to obtain Halal certification from the Department of Islamic Development Malaysia (JAKIM).
  • Have already obtained Halal certification and wish to maintain their certification from the Department of Islamic Development Malaysia (JAKIM).

Financing Facilities

ITEMS 

TERM FINANCING-i

Concept 

Tawarruq

Purpose  

Supporting financing needs throughout the Halal certification journey, covering both operational and capital expenditures, including but not limited to: 

  1. The purchase, upgrade, or development of fixed assets required to comply with Halal and food safety standards (e.g., packaging machinery, factory renovation works, and laboratory testing equipment). 

  1. Operational expenses related to maintaining business continuity throughout the Halal certification application, assessment, and approval process. 

 

Margin Financing 

  • Up to 80% of working capital requirement. 

Financing Limit 

  • Minimum: RM100,000 

  • Maximum: RM5 million 

Profit Rate 

Up to BFR+ 0.67% p.a. 

Tenure 

Maximum 10 years 

ITEMS 

WORKING CAPITAL FINANCING-i

Concept 

Tawarruq

Purpose  

To support businesses throughout their Halal certification journey by financing certification, consultancy, advisory, and training costs, as well as working capital requirements.


This includes, but is not limited to, expenses related to certification applications, audit preparation, consultancy services, documentation, training programmes, and compliance requirements for recognised Halal certifications.  

 

Financing Limit 

Up to Single Counterparty Exposure Limit (SCEL)

Profit Rate 

Up to BFR+ 0.67% p.a. 

Tenure 

5 years 

Fee & Charges


TRANSACTION

CHARGE

Wakalah Fee

Wakalah fee of RM28.30 

Stamp Duty Fee

 NIL 

Early Settlement Fee 

 Rebate (Ibra') will be given on the deferred profit 

Commodity Trading Fee 

RM15 will be charged for every RM1 Million (50:50 sharing basis). Minimum transaction is RM1,000. 

Late Payment Charges

During the financing tenure: 

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.

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