Business Certification Financing Scheme (CERT)
Objective
- Provide funds / financial support to entrepreneurs in the pursuit of halal certification.
Terms and Conditions
- Recognised or registered business companies with the Companies Commission of Malaysia (SSM) owned by Bumiputera including Malay , Orang Asli or Indigenous People of Sabah and Sarawak.
- Malaysia citizen aged 18 to 60 years old on the date of application;
- The business has been in operation for not less than six (6) months on a full-time basis;
- Have a valid business register from the Companies Commission of Malaysia (SSM) and/or a business license from the Local Authorities (PBT) for Sabah and Sarawak;
- Have a license / permit / permission letter from the Local Authority (PBT) and other necessary licenses according to the type of business or enterprise;
- Have business premises. If the business premises are rented, a tenancy agreement letter with the legal owner of the premises is required. Rental on a ‘sublet’ basis is not allowed;
- Own capital contribution or paid-up capital of not less than ten percent (10%) of the project cost;
- Syariah-compliant business; andFree from MARA Blacklist.
Scope of Financing
- Renovation of business premises
- Purchase of equipment
- Other costs associated with obtaining certification
Financing Limit
RM100,000.00
Financing Period
7 years @ 84 months
Guarantee / Collateral
- Collateral
Land collateral with Forced Sale Value of at least 10% of the financing applied
Or
- Guarantee
Must be at least one guarantor with a monthly fixed income of not less than 3% of the total financing applied
Or
- A combination of both
Or
- Fixed Deposits
- All the Board Members of private limited (Sdn.Bhd.) company, are required to sign the guarantee / assurance letter.
Profit Rate
4%
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Last update: 9 October 2024 at 16:09:16
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