Women in Business (BI WinBiz)

Women in Business Financing Programme (WinBiz) is a financing product specially designed for Malaysian Women Entrepreneurs under the category of Small and Medium Enterprise (SMEs) to cater for their working capital and/or capital expenses.

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Eligibility

  • For Private Limited Company (Sdn. Bhd.) and Professional Service Providers that fall within SME definition.
  • Business in operation for at least three (3) years and profitable for the past two (2) years.
  • Malaysian owned business with at least fifty-one percent (51%) of shares, held by a Malaysian women or women, who serve as the key decision maker(s).
  • Registered with the Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak, statutory bodies for professional service providers.

Purpose of Financing

  • Working Capital requirements
  • Capital Expenditure (CAPEX)

Note:

  • This is inclusive of legal documentation costs, Syarikat Jaminan Pembiayaan Perniagaan (guarantee fee for the first year and any other costs which have been approved by the bank.
  • The facility shall not be used for refinancing of existing facilities.

Financing Amount

  • Minimum financing amount: RM100,000
  • Maximum financing amount: RM1 million

Financing Rate

Minimum BFR+1.50% per annum.

Financing Tenure

Up to seven (7) years

Collateral/Security

Up to 80% of financing guaranteed by SJPP under WCGS Women or other schemes released in the future.

Sdn. Bhd.:

  • Joint and Several Guarantee (JSG) by the following individuals:
    • Directors of the company
    • Shareholders holding more than thirty percent (30%) of the share capital.
    • Key man / person regardless of the shareholding and directorship
  • Corporate Guarantor holding more than fifty percent (50%) of the share capital of the customer

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 As per SJPP imposed fees and charges. Subject to 8% of the Sales and Service Tax (SST)
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 Malaysia Version

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

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