The Islamic Working Capital Financing (i-WCPF) is an initiative by TERAJU to support Bumiputera companies. This program offers Shariah-compliant financing of up to RM1 million with a tenure of up to 12 months, aimed at improving business cash flow and working capital, particularly in high-growth, high-value (HGHV) industries.  

a) Invoice Financing-i

This Shariah-compliant financing solution helps businesses:

1. Finance purchases from suppliers or cover essential business expenses.

2. Obtain early payment based on sales invoices for goods delivered or services rendered.

It is particularly beneficial for SMEs that require mobilisation capital to initiate projects or operate predominantly on credit terms with delayed payments from clients. Repayment is made as a bullet payment, covering both principal and profit, upon the due date.

b) Business Term Financing-i

An unsecured Shariah-compliant financing facility designed to support the growth and expansion of SMEs. This option offers structured monthly repayments that include both principal and profit, making it ideal for businesses seeking predictable cash flow planning.

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.

Invoice Financing-i: 

• Facility Fee: 1.20%

• Drawdown Fee: 0.4% bagi setiap 30 hari

• Profit Rate: 0.5% bagi setiap 30 hari
  
  

Business Term Financing-i:

• Origination: 5%

• Profit Rate: 0.5% bagi setiap 30 hari 

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

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.

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

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.

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.