Objective
Providing specialty funding for veteran bumiputera entrepreneurs or retirees that wish to break into the franchising business.
Programme Composition
Target Groups:
- Malaysian uniformed service veterans;
- Government retirees;
- Corporate or private sector retirees;
- Voluntary Separation Scheme (VSS) participants;
- Mutual Separation Scheme (MSS) participants.
Purpose of Financing:
- For new or existing businesses;
- Purchase of equipment, machinery, or renovation;
- Working capital.
Eligibility Criteria for Financing Application
Applicant:
- Bumiputera;
- Retiree or uniformed service veteran;
- Aged between 41 and 65 years;
- Free from legal actions and not declared bankrupt.
- Must attend training at the Franchise Institute (FI)
Companies:
- Private Limited (Sdn. Bhd.), Partnership, or Sole Proprietorship;
- The retiree or veteran must hold at least 51% equity in the company;
- The company must not be under any legal action or declared bankrupt.
Business:
- Must be Shariah-compliant;
- Brand must be registered with the Intellectual Property Corporation of Malaysia (MyIPO).
Financing Structure
Financing Amount
RM20,000 to RM500,000
Financing Margin
Up to 90%*
Financing Rate
4% fixed rate with reducing balance calculations
Financing Mode
Islamic Funding Scheme (Tawarruq Concept)
Financing Tenure
Up to 5 years