All Economic Sector Facility (AES)

Enhance SME’s access to financing, supporting business growth

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Eligibility

Malaysian SMEs that fulfil the following criteria:

  • Private Limited Companies (Sdn. Bhd.)
  • Professional Service Providers*
  • Must fall within SME definition.
  • SMEs that are assigned a risk rating profile ranging from three (3) to five (5)
  • Business in operation for at least three (3) years.
  • Registered with the Companies Commission of Malaysia (SSM), relevant authority/district office in Sabah and Sarawak, or statutory bodies for professional service providers.
  • Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs does not exceed 20%.
  • Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.

Note: Not applicable for Professional Service Providers that are registered as Sole-Proprietorship or Partnership.

Purpose of Financing

  • Working Capital Requirements (WCR)
  • Capital Expenditure (CAPEX)

Note:
i) Financing should not be used for refinancing of existing credit/ financing facilities
ii) This financing cannot be used to reimburse CAPEX or for WCR.

Financing Amount

Professional Service Providers*:

  • Min: RM100,000
  • Max: RM5.0 mil

Sdn. Bhd.:

  • Min: RM100,000
  • Max: RM1.0 mil

Note:
i) Multiple SME businesses under common shareholder(s) will be considered as a single entity. In cases where the workforces are distinct, each SME can apply for RM5.0 million financing independently.
ii) *Not applicable for Professional Service Providers that are registered as Sole-Proprietorship or Partnership.

Financing Rate

Max rates are based on SME’s risk profile rating:

  • Rating 3: 5.0% p.a.
  • Rating 4: 6.0% p.a.
  • Rating 5: 7.0% p.a.

Note:

  1. Rates are applicable until further notice by BNM. Rates will revert to 6%, 7% and 8% p.a. respectively subject to further decision by BNM
  2. Includes guarantee fees
  3. Fixed deposits cannot be pledged as collateral under the Fund

Financing Tenure

Up to five (5) years

Security / Collateral

  • Up to 80% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan (SJPP).
  • Up to 90% guarantee coverage by Credit Guarantee Corporation (CGC).
  • Sdn. Bhd.:
    • Joint and Several Guarantee (JSG) by the following individuals:
        i. Directors of the company
        ii. Shareholders holding more than thirty percent (30%) of the share capital.
        iii. Key man / person regardless of the shareholding and directorship
    • Corporate Guarantor holding more than fifty percent (50%) of the share capital of the customer

Note:

  1. SJPP guarantees cover a minimum financing amount of RM100k
  2. CGC guarantees cover no minimum financing amount
  3. Fixed deposits cannot be pledged as collateral under the Fund

Fees & Charges

No.

Fee Type

Charges
1 Stamp Duty Actual Cost – As per Stamp Duty Act 1949 (Revised 1989):
  1. Principal Agreement – Ad Valorem of 0.5% of financing amount
  2. Secondary / Supplementary Agreement – Nominal of RM10 of each document
2 Legal Fees Actual Cost
3 Processing Fee Waived
4 Tawarruq Agency Fee RM50 (RM25 of each ABPA and ABSA)

Note: Tawarruq Agency fee costs RM50.00 for every Tawarruq transaction.
5 Late Payment Charges Late payment charges (LPC) are as per BNM’s latest Guidelines on Late Payment Charges for Islamic Banking Institutions as well as Bank Islam Ta’widh clause.
6 Guarantee Fee The Guarantee Fee is up to 1.00% per annum of the coverage amount, depending on the scheme offered by SJPP and subject to 8% Sales and Service Tax (SST). The Bank will finance only the first year of the SJPP Guarantee Fee. For subsequent years, the Guarantee Fee will be debited from the customer’s account with Bank Islam
7 Cancellation Fee Based on actual cost (if any) for the preparation and registration of security documents that has been incurred by the Bank in connection with the facility including all expenses incurred during the claim process.
Product Disclosure Sheet:
  • Click here to view Product Disclosure Sheet – English Version
  • Click here to view Product Disclosure Sheet – Bahasa Malay Version

For enquiries email to: sme-assist@bankislam.com.my

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