Objective
To provide financial assistance to franchisors that wish to grow shariah-compliant businesses.
Eligibility Criteria
- The Franchise business must be a private limited (Sdn Bhd)
- The business must be registered with the Registrar of Franchise (ROF);
- The franchisor must demonstrate a profitable track record, with positive shareholders’ funds as reflected in the latest audited financial statements; and
- Business must be Shariah-compliant.
Financing Structure
Financing Mode
Islamic Financing Scheme (Tawarruq Concept)
Financing Size
RM100,000 to RM2 million (subject to a gearing ratio not exceeding 4 times)
Financing Tenure
Up to 10 years
Profit Rate
9.00% per annum
Fixed rate with reducing balance calculations with collateral
Security
Subject to a minimum security requirement of 10% based on the approved financing amount