LICENSEEProvide financing to Bumiputera licensee to set up licensing business in MalaysiaMore Info

Objective

  • 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

Financing Eligibility Criteria

  • 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 Structure

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.