TNB Vendor Financing Program

Our financing program that is offered solely to qualified contractors registered with Tenaga Nasional Berhad having secured contracts or purchase orders (PO) from Tenaga Nasional Berhad.

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Eligibility

Targeted solely to customer that fulfill the following criteria as below:
  • Limited company, private limited company, sole-proprietorships and partnerships, and must fall within Small and Medium Enterprise (SME) definition
  • At least 51% shareholding was owned by Malaysian
  • Licensed and registered vendors to TNB.
  • Minimum three (3) years’ track record with TNB
  • Type of contract: Supply of goods and services related.
  • Contract awarder: Tenaga Nasional Berhad (TNB).

Purpose of Financing

For Working Capital Requirement (WCR)

Financing Amount

  • Sdn Bhd
    • Maximum financing amount: RM2.0 million.

  • Sole proprietorship/Partnership
    • Maximum financing amount: RM1.0 million.

Financing Tenure

1-year subject to annual review

Margin Of Financing

Up to 80% per Purchase Order (PO)

Security

  • Assignment of contract proceeds between Bank Islam and customer/li>
  • Irrevocable Letter of Undertaking from contractors to TNB to credit the contract proceeds into their Non-Checking Current Account (NCCA) maintained with the Bank.
  • Joint and several guarantee (JSG) by all the directors (where applicable).

Product Disclosure Sheet (PDS) – Eng & Malay Version

Click here to view Product Disclosure Sheet TNB Vendor Program-i (Tawarruq) – Eng Version

Click here to view Product Disclosure Sheet TNB Vendor Program-i (Tawarruq) – Malay Version

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

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