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Islamic Working Capital Project Financing (i-WCPF) Programme

Convert Your Invoices
into Cash Upfront
  • Financing amount up to RM1,000,000
  • Total fee and profit rate from 1% per month
  • Tenure up to 120 days
  • Chief Executive Officer/ Managing Director/ majority of the company’s top management are Bumiputera

Hero Banner_Teraju LP

 

TERAJU i-WCPF Programme is open to


  • Minimum of 51% Bumiputera shareholding in the company.

  • Bumiputera status verified by the Ministry of Finance or equivalent (if applicable).

  • Chief Executive Officer/ Managing Director/ majority of the company’s top management are Bumiputera.

  • Companies must be incorporated in Malaysia under the Companies Act 2016.

  • Not Sole proprietorship companies (Enterprise), conglomerates, Publicly Listed Companies and their subsidiaries, Government-Linked Companies (GLC) and Government-Linked Investment Companies (GLIC) and their subsidiaries, state government-linked companies and their subsidiaries, cooperatives, foundations, associations, and organizations.

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Invoice Financing_02-1

  • Cater for Buyers

  • Financing up to 100% of invoice value

  • Financing up to RM1,000,000

  • Tenure up to 120 days

Invoice Financing_AR-1

  • Cater for Sellers

  • Financing up to 80% of invoice value

  • Financing up to RM1,000,000

  • Tenure up to 120 days

The financing solution
to ease your cashflow

Collateral Free

We focus on your business potential and we generally don’t ask for your assets (e.g. property or fixed deposits) as collateral.

Full Transparency

We will inform you of the costs and fees involved upfront, with no hidden fees for you to worry about. Fees are charged on a success basis.

Hassle-Free

We have a hassle-free online application process, so you can apply for financing from the comfort of your home.

Flexible Repayment Options

We offer tenures for financing from 30, 60, 90 to 120 days, for your convenience.

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Introducing i-WCPF

How To Apply?

1
Check Eligibility

Leave your contact information. Our team will contact you within 2 working days.
Then, prepare the following documents:

  • Copy of all Director(s) NRIC/Passport
  • Latest 6 months bank statements, and
  • Latest audited accounts & management accounts
2
Financing Application

Submit your documents for us to review, we may request additional documents to support your application.

3
Financing Offer & Disbursement

We aim to revert to you within five (5) working days upon collection of full and complete documents. Once approved and accepted, we will disburse the funds upon successful completion of the investment process.

 

 

Why Funding Societies?

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Registered with
Securities Commission Malaysia

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Largest SME digital financing platform in Southeast Asia

money

Disbursed more than
RM 18 billion to over
5 million notes

human

More than 300,000
registered Investors
across SEA

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Investors' funds managed by Malaysian Trustees Berhad

We've got you covered

Not what you’re looking for?
We have other financing solutions available to serve your needs.

Check out our business solutions

Frequently asked questions

  • What is Invoice Financing-i?

    Invoice Financing-i is a broad concept of financing arrangement where it allows companies to finance their early payment on their sales invoices or sales purchases, for goods delivered and/or services completed. This method of financing is ideal for businesses in need of consistent cash flow or cash upfront, especially if the majority of their transactions are on credit terms.

  • How does Invoice Financing-i work?

    With Funding Societies, you have two options of Invoice Financing that would suit your needs; Accounts Payable Financing-i (APF-i) and Accounts Receivable Financing-i (ARF-i).
     
    Additionally, you will have access to our online supply chain financing system, Silk Road, to manage your financing facility with us.

    AR Financing-i is typically meant for financing sales invoices, with your perspective as the Seller.
    AP Financing-i is typically meant for financing sales purchases, with your perspective as the Buyer.


    Process Flow

    Account Payable Financing-i (APF-i)
    Step 1: Customer submits PO/Proforma invoice etc. via Silk Road
    Step 2: Funding Societies proceed credit assessment and approval email provides once approve.
    Step 3: Customer receives disbursement from Funding Societies based on the approved terms
    Step 4: Repayment to Funding Societies based on the approved terms

    Account Receivable Financing-i (ARF-i)
    Step 1: Customer submits Invoice & DO etc. via Silk Road
    Step 2: Funding Societies proceed credit assessment and approval email provides once approve.
    Step 3: Customer receives disbursement from Funding Societies based on the approved terms
    Step 4: Repayment to Funding Societies based on the approved terms

    Notified :
    Buyers are notified of the arrangement between Seller and Funding Societies.
    Thus, Buyer pays Funding Societies as per approved terms.

    Non-notified (applicable to AR Financing-i only) :
    Buyers are not notified of the arrangement between Seller and Funding Societies.
    Thus, Buyer pays Seller as per invoice terms, then, Seller pays Funding Societies as per approved terms.

  • How long is the tenure?

    With Funding Societies Invoice Financing, you can apply for a financing tenure of up to 120 days. 

    Depending on the nature of your business and its trade cycle, you have the option to apply for a tenure of 30, 60, 90, or 120 days.

  • How do I apply?

    If this is your first time with us, here is a run-through on the application process.

    1. Complete the application form.

    2. Prepare the following documents to support your application:

    • Company Registration Forms

    • Copy of all Director(s) NRIC/Passport

    • Latest 6-months Bank Statement

    • Latest Audited Accounts & Management Accounts (if available)
       

    We will reach out to you shortly after your application.
    Should there be a need for additional documents/information, we will request those accordingly.

  • Are there any fees and charges?

    Just like any other financing product, the following fees/charges will be applicable:

    Accounts Payable Financing-i

    • Facility Fee/ Up-Limit Fee
      Up to 1.2% of the approved/increased limit of the financing facility (applicable for revolving only).
    • Utilisation Fee/ Drawdown Fee 
      As low as 0.4% per drawdown (every 30 days)
    • Profit Rate
      As low as 0.5% per month


    Accounts Receivable Financing/-i

    • Facility Fee/ Up-Limit Fee
      Up to 1.2% of the approved/increased limit of the financing facility (applicable for revolving only).
    • Utilisation Fee/ Drawdown Fee 
      As low as 0.4% per drawdown (every 30 days)
    • Profit Rate
      As low as 0.5% per month


    Please take note that the above are the common fees/charges of Invoice Financing/-i which serves as a guide, varying from product to product and subject to change from time to time.

    For more accurate and updated fees/charges, kindly check with us. 

  • What if I can’t make my payments on time?

    Late Payment Charges which consist of Compensation (Ta’widh) and Penalty (Gharamah) will be charged subject to the following conditions:

    • For default payment before maturity date: Compensation (Ta’widh) may be imposed at the rate of 1% p.a. on the overdue payment and shall not be compounded.

    • For default payment after maturity date: Compensation (Ta’widh) may be imposed at the rate of 1% p.a. on the overdue balance (overdue principal and accrued profit). Funding Societies may charge both Compensation (Ta’widh) and Penalty (Gharamah) as Late Payment Charges at a maximum rate of 10% p.a.

  • Can I make an early settlement?

    Of course! If you choose to settle the financing early, there are NO fees or charges imposed!

  • What are the Shariah principles adopted for Shariah-compliant Invoice Financing-i?

    The Shariah principle used is Commodity Murabahah via Tawarruq arrangement. Tawarruq refers to purchasing of Shariah compliant Commodity with deferred price, then selling it to a third party to obtain cash.

  • Who can apply for Invoice Financing-i?

    Any businesses whose principal activities are Shariah compliant (e.g. not related to tobacco, liquor, gambling etc.) can apply for the financing.

    Funding Societies will be conducting Shariah screening to ensure proceeds to be raised are utilised for general working capital requirements and business purposes of the issuer which are Shariah compliant.