Bank Islam

Bank Islam Al-Ansar Business Financing-i

A working capital business financing for capital expenditure offering a flat profit rate and higher financing limit up to RM50,000!

    • Financing up to RM1M
    • Up to 5 years tenure
    • Unsecured Islamic Financing
    • Takaful insurance required
  • Borrow: RM 
    How Long: years
    My monthly sales turnover: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

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Profit rates

How much the bank charges you based on your financing amount & financing period

Financing ValueFinancing PeriodAnnual Sales TurnoverProfit Rate
RM50000 - RM100000036 to 60 monthsRM300000 to 150000004.5% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 4.5% p.a., depending on financing amount and period
Stamp Duty
0.5% of the whole amount
Wakalah Fee
RM50
Legal and Disbursement Fee
Incurred where applicable
Late Payment Charge
1% from current outstanding amount
Insurance
You must take takaful insurance with this financing.

Requirements

Are you eligible for this business financing?

Minimum annual sales turnover
RM300000
Maximum annual sales turnover
RM15000000
Minimum company age
2 years
Who can Apply
  • Malaysian Registered Companies
  • Micro Enterprise
Bumiputera Ownership
100%

Frequently Asked Questions about Bank Islam Al-Ansar Business Financing-i

Things you might want to know

Tell me about this business financing plan.

Managing a business, small or medium enterprises, requires a lot of expenses. This expenses range from operational such as managing overheads and payrolls, to production such as acquisition of new assets, machinery, and premises among other things.

To balance your assets and liabilities, you need the right financing to keep up with the supply and demand. Therefore, Bank Islam Al-Ansar Business Financing-i is designed to meet the needs of small and medium entrepreneurs in managing their daily operations.

What can I get from Al-Ansar Business Financing-i?

Al-Ansar Business Financing-i is a term financing for working capital and capital expenditure requirements. This Islamic term financing is based on the Tawarruq concept, i.e. sales on deferred payment basis, and offers a flat profit rate of 4.5% p.a..

The minimum financing amount you can apply is RM50,000, with the maximum amount capped at RM1,000,000. Plus, you can repay your borrowed amount over flexible tenures up to 5 years. 

This term financing offers up to 90% margin for capital expenditure and up to 30% margin for working capital. That's not all, Al-Ansar Business Financing-i can also be used for contract financing, subject to a maximum margin of 80% of contract value.

Are there fees and charges I should know?

Obtaining a loan always come at a cost. Like all loan products in the market, you need to pay a Stamp Duty, which is 0.5% of the total amount borrowed, and 6% GST, where applicable. 

In addition to these statutory fees, this term financing charges a Tawarruq Agency Fee of RM50, and legal and disbursement fees.

If you cancel your term financing after signing the Letter of Offer, you are bound to pay the bank all expenses incurred in preparing the facility.

Who can apply for Al-Ansar Business Financing-i?

This business financing is offered to Muslim Bumiputera only, whose business operation has been running for at least 2 years with a minimum 1-year profit.

How to apply for Al-Ansar Business Financing-i?

Generally, there are several stages you need to complete before getting your loan application approved. First of all, you need to prepare a comprehensive business plan so that the bank can decide whether or not to grant you the fund.

When you apply for the financing, you need to submit some supporting documents for verification and evaluation. Note that different banks have their own document checklists so be sure to ask your banker for a copy.

Finally during the assessment stage, the bank will conduct a number of background checks, including your credit history, financial track records and current performance before issuing an offer or rejection letter. 

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