Vendor Financing – PETRONAS


A strategic collaboration between Bank Islam Malaysia Berhad, PETRONAS and Syarikat Jaminan Pembiayaan Perniagaan (SJPP) to support PETRONAS Vendor growth.

The collaboration offers structured financing facilities to PETRONAS’ vendors in order to suit the requirements in completion of contracts awarded by PETRONAS.


  • Competitive financing rate
  • Simplified approval process
  • Customized facility structure in accordance with the contract requirements by PETRONAS
  • Collaboration with SJPP as credit guarantee provider


  • Local business entities
  • Vendors licensed and registered with PETRONAS or its subsidiaries
  • The main contractor who has directly obtained a contract/ work order from PETRONAS or its subsidiaries
  • Meet minimum ratings by PETRONAS as follows:
    • Contractors Performance Evaluation (CPE) of Class A, B and C; or
    • Supplier Tracking Assessments Rating (STAR) of 4 Star, 3 Star and 2 Star.

Facilities Offered

Facilities Limit

Up to RM 10 million

Purpose of Financing

  • Working Capital
  • Capital Expenditure (specific to the contract financed by the Bank)

Financing Rate

Base Financing Rate / Cost of Funds + minimum 1.00% per annum

Type of contract

  • Direct supply or trading;
  • Supply, installation and commissioning, testing, commissioning, training, etc.;
  • Business Services including provision of service and maintenance;
  • Any other contracts as approved by the Bank

Guarantee Provider

Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
(Only applicable for SMEs)

How to apply

  • Fill up the form completely
  • Submit the completed form with the supporting documents to the nearest Bank Islam’s branches