TEKUN Niaga Financing Scheme
Financing
Key Highlight
Shariah-compliant micro and small business financing for Bumiputera entrepreneurs in Malaysia, with flexible repayment and no collateral required.
5% savings deduction per annum alongside repayment
Mandatory Group Financing Takaful (coverage for death/TPD)
PERKESO (SKSPS) enrollment mandatory for first year
Based on Tawarruq (Shariah concept)
One financing per household (exceptions apply)
Documents
DOCUMENTS NEEDED
Submit the Financing Application Form along with the following supporting documents (where applicable)
Copy of applicant's and spouse's IC (front & back)
Business licence / permit (PBT) or SSM registration
Business photos showing active operations
3 months' latest bank statements (savings or current account)
Additional documents if applicable (partnership letter, company resolution, etc.)
FAQ
Frequently Asked Questions
Bumiputera Malaysian citizens aged 18 to 65 with a valid business registration or licence and who are not bankrupt. The business must be 100% Bumiputera-owned and Shariah-compliant.
Up to RM 100,000 under the Medium Financing Scheme (SPS). The Micro scheme covers RM 1,000–10,000 and the Small scheme covers RM 10,001–50,000.
Between 6 months and 120 months (10 years), depending on the financing tier and applicant profile.
4% per annum on the financing amount, paid monthly alongside the principal repayment.
Yes. Entrepreneurs must contribute savings equivalent to 5% per annum of the financing amount, paid together with monthly repayments.
TEKUN uses the Tawarruq concept. TEKUN acts as an agent (Wakil) appointed by the entrepreneur to complete the required contracts, for which a Wakalah fee applies.
Currently, applications must be submitted in person at the nearest TEKUN branch (over the counter). You may download the application form from the TEKUN website beforehand.
