TEKUN Niaga Financing Scheme Conditions

Published on: 22/02/2016
Updated on: 04/12/2022

Underlying Shariah Contract

TEKUN Niaga is a financing facility based on tawarruq which involves two seprate sales contracts. The first contract is when TEKUN sells comodities to the entrepreneur at pre agreed price which comprised of the financing amount plus profit to be paid on deffered payment basis. The second contract is when entrepreneur sells purchased commodities (conducted by TEKUN as sales agent) to a third party at the price equivalent to the financing amount on cash basis.

TEKUN Financing Amount



Payment Period

Small Financing Scheme ( SPK )

>RM 10,000 – RM50,000

Up to 5 years
Medium Financing Scheme ( SPS )

>RM 50,000 – RM100,000

Up to 10 years

Payment Period

The financing payment period is between 6 months to 10 years.

Payment Methods

It is COMPULSORY for entrepreneurs to make financing payments at Regional TEKUN Offices or through BSN, Maybank, Bank Rakyat, Agrobank and Pos Malaysia or via post-dated cheques. For further information, please visit the following link: https://www.tekun.gov.my/en/tekun-entrepreneur/tekun-nasional-financing-scheme/tekun-niaga-financing-repayment_methods/.

Profit Rate

Entrepreneurs are required to pay the profit rate as per contract which is equivalent to 4% of the principal amount per annum. Payment of this profit rate shall be made together with the principal amount.

Wakalah Fee



> RM 10,000 – RM 20,000

RM 150

> RM 20,000 – RM 30,000

RM 200

> RM 30,000 – RM 40,000

RM 250

> RM 40,000 – RM 50,000

RM 300

> RM 50,000 – RM 100,000

RM 500


Entrepreneurs are required to make savings of 5% of the financing value per annum. These savings should be made together with financing payment.

Takaful Protection

Financing facility will be protected under the Financing Protection Takaful in the event of Total and Permanent Disability (TPD) or loss of life. TEKUN also provides Personal Accident Takaful.

Basic Eligibility Requirements of TEKUN Nasional Financing

  1. Bumiputera and Malaysian citizen
  2. Aged between 18 – 60 years old (Financing period expires up to 65 years)
  3. Applicant is not a bankrupt
  4. Company is 100% fully owned by Bumiputera
  5. Has a valid licence/ permit/ Business Register (SSM)
  6. Has a specific business location or premise/ mobile business
  7. Engage directly and part-time in business
  8. One financing for one household (except for separate businesses and different business registers (SSM) as well as a good payment record for household)
  9. Paid capital limit does not exceed RM 300,000
  10. Existing business financing (example: MARA, AIM, SME, PNS, etc.) does not exceed RM100,000
  11. Applicant already has a business. Whereas for applicants who wants to start a business are required to have a minimum personal cash contribution of 20% from the financing as a commitment to carry out a project (project progress)
  12. For the purchase of commercial vehicles/ heavy machineries, total financing is 10% of the price of the commercial vehicle/ heavy machinery (subject to the cash flow and financial standing of applicant)
  13. For Enterpise companies (Partnership), it is necessary to obtain a partner authorization letter that allows applicants to make financing and the partner must be Indian of race as well as Malaysian citizens
  14. For Private Limited companies (Sdn. Bhd.) shall be obliged to provide the Company Resolutions in accordance to the format provided which gives out the authorization
  15. Distribution of financing on behalf of the Company for financing of RM 20,000 and above
  16. Approval of financing on behalf of Enterprise (Sole Proprietorship) for financing of RM 20,000 and above may be considered its eligibility by using the current personal account of the applicant or Enterpise.
  17. Entrepreneurs main business activity must be Shariah-compliant.