Bank Muamalat Malaysia Berhad, in collaboration with Credit Guarantee Corporation Malaysia Berhad (CGC), proudly announces the launch of the first Halal Portfolio Guarantee-i Scheme, aimed at providing a robust financial safety net for small and medium-sized enterprises (SMEs) in Malaysia.

This groundbreaking initiative, with a fund of RM70 million, is designed to promote Shariah-compliant financing solutions and stimulate economic growth within the halal industry.

The Halal Portfolio Guarantee-i Scheme will offer guarantees for financing facilities extended to SMEs engaged in halal-related businesses, ensuring that they have access to necessary funds while adhering to Islamic principles. This partnership reflects a commitment to supporting the growth of the halal economy, which is increasingly recognized as a vital sector contributing to Malaysia's economic development.

The RM70 million Portfolio Guarantee-i Scheme is strategically designed to offer accessible and affordable financing to businesses in various sectors. The program will facilitate businesses in accessing much-needed capital for working capital and capital expenditure, including halal certification and asset acquisition.

President and Chief Executive Officer of Bank Muamalat, Khairul Kamarudin stated, the introduction of this Portfolio Guarantee-i scheme reflects their commitment to empowering small and micro businesses in Malaysia.

“In response to the call of the government and Bank Negara Malaysia to support SMEs, which representing nearly 97% of all business establishments in Malaysia, Bank Muamalat have shown unwavering support through various initiatives, including tailored financing solutions and partnerships with key industry players to provide SMEs with the resources and support they need to thrive in a competitive market.

“By collaborating with CGC, we aim to increase access to financing and provide businesses with the opportunity to grow while adhering to the principles of Islamic finance. This program is part of our broader strategy to support the national economy and contribute to sustainable business development,” he stated.
 
President and Chief Executive Officer of CGC Datuk Mohd Zamree Mohd Ishak said, “By providing comprehensive financing solutions for operational expenses, capital investments, and halal certification costs, Bank Muamalat and CGC can significantly promote the growth and development of competitive and dynamic Malaysian MSMEs involved in halal businesses. This very important strategic partnership is well aligned with the national agenda to strengthen Malaysia's position in the global halal market.”

The Portfolio Guarantee-i Scheme launching today is open to a wide range of industries, including manufacturing, retail, services, and halal-related sectors. The financing terms are designed to be flexible, with maximum tenures of up to 7 years for SMEs and 3 years for micro SMEs. SMEs in the halal sector are encouraged to take advantage of this innovative financing solution.

For more information on the Halal Portfolio Guarantee-i Scheme and application procedures, customers can visit www.muamalat.com.my or contact the Customer Service Centre at 03-2600 5500. 

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