Biz Smart Property Financing Program

Establish Your Business Presence. Finance your commercial or industrial property with Biz Smart Property Financing Program

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Eligibility

  • Open to Private Limited Companies (Sdn. Bhd.), Sole Proprietorship, Partnership and Professional Service Providers that fall within SME definition.
  • Business in operation for the following years:
    • At least three (3) years: Wholesale & Retail, Manufacturing & Transportation, and Storage
    • At least five (5) years: Café, Restaurant, Construction, and Services like Hospitals, Clinics, and Pharmacies.

  • Registered with the Companies Commission of Malaysia, relevant authority/district office in Sabah and Sarawak, or statutory bodies for professional service providers.
  • Malaysian owned business with at least 51% of shares owned by a Malaysian who serve as the key decision maker(s).

    • Purpose of Financing

    • Purchase or refinance commercial, industrial or residential* properties whether fully completed or under construction.
    • Finance Working Capital Requirements (WCR) for encumbered or unencumbered properties
    • Finance Capital Expenditure (CAPEX) for renovations only

    Note: * The purchase or refinancing of residential property is strictly for the company’s own use and is up to 60% of OMV & S&P (either 1st or 3rd Party charge), whichever lower.

    Financing Amount

    Sdn. Bhd.:

    • Min: RM150,000
    • Max: RM5 million

    Sole-Proprietorship / Partnership:

    • Min: RM150,000
    • Max: RM3 million

    Financing Rate

    Attractive financing rate

    Financing Tenure

    • Business Financing-i (BF-i):
      • Min: Five (5) Years
      • Max: Twenty (20) years (or until key promoter or guarantor of Sole-Proprietorship or Partnership reaches 65 years of age, whichever occurs earlier).
      • Max: Seven (7) years for WCR and CAPEX – for renovations only.

    Collateral

    • 1st / *3rd Party Charge on property.
    • Deed of Assignment with Power of Attorney clause for property (in absence of Individual Title)
    • Security Deposit – Waived.
    • Sdn. Bhd. only:
      • Joint and Several Guarantee (JSG) by the following individuals:
        • Directors of the company
        • Shareholders holding more than 30% of the share capital
        • Key man / person regardless of the shareholding and directorship
      • Corporate Guarantor holds more than 50% of the share capital of the customer.

    Note: *If the registered individual owner of the property is NOT the applicant, Property owner must stand as guarantor to the financing.

    Type of Property

    Commercial Property:

    • Shophouse
    • Shop Office
    • Office Suites

    Industrial Property:

    • Factory
    • Factory Lot
    • Warehouse
    • Sole Vacant Land

    Residential property:

    • All types – Strictly for the company’s own use.

    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 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 for Product Disclosure Sheet – ENG Version
    • Click here for Product Disclosure Sheet – BM Version

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

    Apply Now