Objective
To provide support and guidance for Bumiputera youth entering franchise, pre-franchise, or licensing businesses in accordance with Shariah principles.
Eligibility Criteria for Financing Application
Franchisee / Pre-Franchisee / Licensee
- Participants must be aged between 21 and 40 (open to both men and women);
- Bumiputera youth must hold at least 60% majority equity in the company; the entrepreneur must be the owner/operator;
- Must receive an offer of franchise rights from a franchisor/master franchisor registered with the Registrar of Franchises (ROF);
- The company must be 100% Bumiputera-owned;
- Financing applications through Sendirian Berhad company (Private Limited company) are eligible for up to RM500,000;
- Applications from Sole Proprietorships, Partnerships, or Limited Liability Partnerships (LLPs) are eligible for up to RM250,000 only;
- The business must be Shariah-compliant;
- The entrepreneur must have a good credit record and meet PERNAS’ evaluation criteria;
- The entrepreneur must have at least six (6) months of business experience (online or offline).
Financing Structure
Financing Mode
Islamic Financing Scheme (Tawarruq Concept)
Financing Amount
Up to RM500,000
Financing Margin
Up to 80% of the total project cost*
Profit Rate
3.75% per annum (subject to change)
Financing Tenure
5 to 7 years (Based on the term of the franchise / pre-franchise / licensing agreement)