BizFinancing-i

An unsecured business financing

Get an edge with a Shariah-compliant Business Financing-i Solution based on Commodity Murabahah principle

Shariah-compliant

A sale contract whereby a buyer buys an asset from the seller with deferred payment, and subsequently sells the asset to the third party on cash with a price less than the deferred price, for the purpose of obtaining cash.
Flexible Financing Amount

You may choose financing amount up to RM1,500,000.
Fixed profit rate

Enjoy fixed profit margins on a deferred payment basis.
Collateral-free¹application

Apply with only guarantee from directors or shareholders, no collateral¹ and pledge on assets are needed.
Fast approval

Enjoy credit approval within 2 weeks upon receiving full and satisfactory documentation.
Wide range of tenure options

Choose a payment periods between 12 to 84 months to suit your business needs.

How it works

Steps	Details
1	Standard Chartered Saadiq purchases commodities from approved brokers.
2	You appoint Standard Chartered Saadiq as your Agent to: a. Purchase commodities at a price that includes a fixed profit margin on a deferred payment basis; and b. Sell the commodities to approved brokers at a price equivalent to financing amount.
3	The proceeds from the transaction will then be deposited into your designated Saadiq Account

Minimum business vintage of 3 years
Applicant must be a company registered in Malaysia
At least 51% Malaysia owned

permanent residence is not accepted
Age of directors/shareholders/managing director

Minimum: 25 years old

Maximum: 65 years old(at the point of Financing maturity)

PIDM Perbankan Islam