Thursday, 27 July 2017, 3 Zulkaedah 1438H Solat Time:
KL Imsak 5:41 | Subuh 5:51 | Syuruk 7:11 | Zohor 1:23 | Asar 4:45 | Maghrib 7:30 | Isyak 8:44

Al-Ansar SME Financing


Al-Ansar is a strategic collaboration between Tabung Haji and Bank Islam to strengthen Muslim Bumiputera Entrepreneurs and Small Medium Enterprises (SMEs) by providing financing for the purpose of working capital and/or capital expenditure.

Under Al-Ansar Programme, We Provide:
  • Business Financing-i (Tawarruq)
  • Ijarah Thumma Bai-i
Business Financing-i (Tawarruq)

Business Financing-i facility is a financing product designed to cater the requirements for working capital and/or capital expenditure. This pricing offered is at 4.5% per annum fixed throughout the financing tenure calculated based on flat rate. The Margin of Financing (MOF) is based on the following:

Purpose Margin of Financing (MOF)
Working Capital Up to 30% of the latest annual turnover
Contract Financing Maximum 80% of contract value
CAPEX 90% of the purchase price of asset

The shariah concept used is Tawarruq. It is the purchase of commodity on a deferred payment basis. The commodity is then sold by the purchaser for cash to another party other than the original seller.

Ijarah Thumma Bai-i

Ijarah Thumma Bai-i is a hire purchase facility which allows the customer to hire an asset from the Bank and subsequently purchase the assets from the Bank at the end of lease tenure. This pricing offered is at 4.5% per annum fixed throughout the financing tenure calculated based on flat rate. The rental payment is fixed throughout the tenure. The financing product designed to cater the requirements for capital expenditure up to 90% of purchase price.

The Shariah contracts used are Ijarah and Bai’. Ijarah Thumma Bai-i refers to an Ijarah contract to be followed by a Bai’ (sale) contract. Under the first contract, the Bank leases out an asset to a customer at an agreed rental payment over a specified period. Upon expiry of the leasing period, the customer enters into a second contract to purchase the asset from the Bank at an agreed price.

Eligibility Criteria:
  • Wholly owned (100%) by Bumiputera Muslim.
  • Active in business operations for at least 2 years.
  • Minimum 1 year in profit.
Products Features:
  • Financing amount from RM50,000.00 to RM1,000,000.00.
  • Financing tenure from 3 up to 5 years.
  • The pricing offered is 4.5% per annum fixed throughout the financing tenure calculated based on flat rate.
  • Goods and Services Tax (GST) – The fees /charges are inclusive of 6% GST where applicable.
Where To Get The Application Form:
  • Customer can get the application form from Commercial Banking Division, Bank Islam Headquarters or any nearest Bank Islam branches. Customer must fill up and sign application form.
  • Submit the duly completed and signed form with the supporting documents to the Commercial Banking Division, Bank Islam Headquarters or any nearest Bank Islam branches.
Contact Us:
Product Disclosure Sheet
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