- Provide financing to Bumiputera licensee to set up licensing business in Malaysia
- Encourage Bumiputera from public and private sectors to venture into licensing business
- Encourage cooperative body to venture into licensing business
- Focus on to those who are involved in Voluntary Separation Scheme (VSS) or to those who pursue early retirement
- Business owner must be from 21 – 60 years of age
- Business owner must also be the business operator
- Preference will be given to those with minimum academic qualification of diploma
- Financing application must be through a registered company
- Applicable to 100% Bumiputera-owned company only
- Company must obtain a letter of offer from the licensor
- Syariah-compliant business
- Financing application through sole-proprietorship or partnership entity is limited to the maximum of RM250,000 only
- A cooperative body that wishes to apply must be through a Sendirian Berhad entity
- Company, business owner(s), director(s) and shareholder(s) must possess good credit record and not declared bankrupt
Financing Mode
- Islamic Financing Scheme (Tawarruq concept)
Financing Size
- RM50,000 to RM2,000,000
Financing margin of up to 70% from the project cost
Profit Rate
- BFR + up to 5%
Financing Tenure
- Up to the maximum licensing agreement tenure