MUSA’ADAH REVOLVING CREDIT-IThe Musa'adah Revolving Credit-i is designed to finance the working capital needs of business
customers such as corporate and commercial companies.More info

Objective

  • The Musa’adah Revolving Credit-i is designed to finance the working capital needs of business customers such as corporate and commercial companies.
  • This financing is offered with a ‘revolving’ feature that allows business customers to use the funds as working capital when needed (subject to the available financing limit).

Company Criteria

  • The company owner must be aged 21 and above, subject to a maximum age limit of 60.
  • Limited Liability Partnership (LLP), Private Limited Company (Sdn. Bhd.), Partnership, or Sole Proprietorship must be registered with the Companies Commission of Malaysia (SSM) or Local Authorities (PBT).
  • The business must adhere to Shariah guidelines.
  • The proponent(s) must be actively involved in the full-time management and operations of the company.
  • The business and its owner(s) must be free from any financial institution’s blacklist.
  • The business must have financial capability and advanced operational ability, with a minimum current business financial record of at least 1 year.
Financing Scheme


Financing Concept

  • Islamic Financing Scheme (Tawarruq Concept)

Financing Size

  • RM10,000 up to RM500,000

Profit Rate

  • Base Financing Rate (BFR) + Spread (3.94% p.a – 5.94% p.a)
  • Not exceeding 12% per annum

Financing Tenure

  • 1 month up to 5 years

    • Minimum Drawdown Requirement

    • Minimum RM10,000 or 10% of the approved financing amount (whichever is lower)
All Financing schemes above are subject to the following conditions

 

  • Processing Fee – 0.5% of the financing amount
  • Legal Fees and stamp duty – estimated at 3.0% of the amount
  • Financing subject to variations and amendments
  • Training Fee: RM300
  • Wakalah Fee: RM50
  • Takaful Protection (Life and Credit)
  • Restructuring Fee – 3.00%
  • Early Settlement Fee – RM50