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        CGS Islamic Scheme


Benefits of Guarantee Scheme

Bullet Availability of SME Bank potential customers with good track record for Participating Financial Institution
Bullet Enhancement of customers business credit capability with the complete products offered by SME Bank and Participating Financial Institution


Methodology

Bullet Collaborate with commercial banks
Bullet Guarantee as mechanism between SME Bank and Participating Financial Institution
 
  bullet SME will be issued a Letter of Guarantee to Participating Financial Institution for customers guaranteed facilities


Eligible Customers

Bullet Existing customers with satisfactory payment track record
Bullet All registered Malaysia controlled SMEs with at least 51% Malaysian Shareholding. (sole proprietorship, partnership and private limited companies)
Bullet Small and Medium SMEs, Micro SMEs are not eligible
Bullet Customer with credit rating between 1-5
Bullet The above eligibility criteria, however is subject to review by the Bank from time to time


Sector / Activities

Bullet Manufacturing & manufacturing related activities
Bullet Services - Information Communication Technology, Construction, Tourism
Bullet Other sectors determined by SME Bank from time to time
Bullet The activities must be Syariah compliant


Guaranteed Facilities

Overdraft's (OD's)

As working capital

Governed by the PFIs' banking policies, guidelines and procedures.

Margin of Financing

Maximum of 90% of the working capital costs requirement

Guarantee Amount

Bullet Minimum: RM100,000
Bullet Maximum: RM1 million

 

Subject to Single Customer Limit

Terms & Conditions

Terms & condition of SME Bank CGS Islamic Scheme are as per current SME Bank policies and guidelines and will be reviewed from time to time

Duration of Guarantee Cover

Bullet Consistent with the duration of the facilities Extension up to 3 years. Thereafter, will be subject to a full review of the accounts.


Guarantee & Cover

100% being covered

Bullet Principal / Purchase price
Bullet Profit
Bullet Penalty / Compensation of late payment
Bullet Others charges per banking practice and charges by Bank Mualamat Malaysia Berhad.

 

 



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