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Islamic-Working Capital Project Financing Programme (i-WCPF)

Our goal is to increase Bumiputera participation in the Malaysian economy by providing them access to the financing they need.

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About i-WCPF

The Programme aims to provide swift, online and convenient access to financing for Bumiputera companies (“Issuers”) comprising Start-Ups to Medium-Sized companies through microLEAP, a Shariah-compliant P2P (Peer-to-Peer) Financing platform that is regulated by the Securities Commission Malaysia (SC).

This digital initiative by TERAJU focuses on pre-sales and post- sales invoice financing, allowing companies to leverage their outstanding invoices to access funds for business expansion and operational needs through working capital financing

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Type of Financing

Pre-Sales Invoice Financing

This type of financing is provided before an invoice is issued. It helps businesses cover the costs of producing or delivering goods/services to a customer. It’s typically used when a business needs capital to fulfill an order but hasn’t yet invoiced the customer.

Post-Sales Invoice Financing

Post-invoice financing, also known as invoice factoring or accounts receivable financing, occurs after an invoice has been issued but before the customer pays. The business sells the invoice to microLEAP or borrows against the value of the invoice to improve cash flow while waiting for payment from the customer.

Sector Coverage

High Growth High-Value Sectors but not limited to:
1)     Renewable Energy;
2)     Technology & Digital;
3)     Electrical & Electronics;
4)     Agriculture & Agro-Based; and
5)     Rare Earth Industries.

Eligibility Criteria

Bumiputera Enterprises comprising Start-Ups to Medium-Sized Companies for scaling up and expansion. The following criteria set by TERAJU (provided always that the criteria do not contravene the Securities Commission (SC) Guidelines:

Company Eligibility

1) Minimum of 51% Bumiputera shareholding in the company;

2) Bumiputera status verified by the Ministry of Finance or equivalent (if applicable);

3) Chief Executive Offer/ Managing Director/ majority of the company’s top management are Bumiputera;

4) Companies must be incorporated in Malaysia under the Companies Act 2016.

5) Not Sole proprietorship companies (Enterprise), conglomerates, Publicly Listed Companies and their subsidiaries, Government-Linked Companies (GLC) and Government-Linked Investment Companies (GLIC) and their subsidiaries, state government-linked companies and their subsidiaries, cooperatives, foundations, associations, and organizations.

Additional Criterias

In Addition to the above, the Issuer must:

not be hosted concurrently for the same purposes on multiple peer-to-peer financing platforms;
ensure it, or its Affiliates are not subject to any police, governmental authority, criminal, or quasi-criminal investigations;
must not have any outstanding sanctions of any kind;
declare any ongoing legal proceedings wherever conducted.

Guarantor

2 Guarantors required per financing

Financing Details

Teraju is offering an unprecedented rates for financing.

Financing Amount

Up to RM1,000,000.00 per transaction

Financing Tenor

Up to 12 months

Profit Rate

1% per month or not more than 12% per annum

Financing Margin

Up to 100% of the invoice

Apply online for TERAJU invoice financing

Click on the link below to apply for the TERAJU Islamic – Working Capital Project Financing (i-WCPF) Programme

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Contact Information

Have more questions? Don’t hesitate to reach out!

Ready to take control of your company finances? Contact us today to schedule a consultation and learn more about our services.