Purpose of Financing Product
This facility is designed for local SMEs companies to cater their requirements for business expansion via business or asset acquisition. This facility is designed to finance the needs of working capital ans capital expenditures (CapEx) requirements for customers.
Instrument
Term Financing
Structured financing for medium - to long-term business needs, including expansion and strategic investments.
The financing instrument is structured according to the business's operational needs, cash flow pattern and overall credit profile.
Revolving Credit
Flexible financing for short-term and recurring working capital capital needs, allowing businesses to draw, repay and redraw funds withing the approved limit.
Target Sector
The Target sector will be based on PERNAS Investment Policy and Guideline or based on PERNAS Management review. The target sector shall be driven according to vialibility of the sectors and which will contribute the highest return to PERNAS.
The Target sectors including but not limited to the following sectors:
a. Manufacturing
b. Services
c Technology
d. Healthcare
Criteria of Target Company
- A Sendirian Berhad and Berhad company registered with Registrar of Company ("ROC")
- The Company's business must be Shariah compliant
- The business and business owner are free from blacklisted by any financial institution(s).
- The business must be financially and operationally viable
- Company with a minimum uninterrupted profit after tax ("PAT") track record of 3 years
- Minimum shareholders' fund of RM 1.5 million based on the audited accounts of the recent financial year
- Cumulative PAT for the last 3 years (audited) + current year (forecast) must not be less than RM 1.0 million latest PAT of at least RM 500,000.
Financing Structure
Financing Mode
(Tawarruq)
Financing Margin
Margin of Financing (MOF) up to 70%
Financing Size
Up to 30.0 million
Profit Rate
Base Financing Rate (BFR) + Spread
Financing Tenure
Up to maximum of 10 years (120 months)
Up to 5 years (60 years)
Subject to periodical review to be ascertained by FDD in the event case of default.