Vendor Financing – SARAWAK ENERGY BERHAD
Background
Bank Islam in collaboration with Sarawak Energy Berhad and Syarikat Jaminan Pembiayaan Perniagaan (SJPP) provides financing access to support Sarawak Energy vendors’s business growth
Benefits
- Competitive financing rate
- A wide range of financing facilities
- Simplified approval process
- Greater opportunity to grow Sarawak Energy’ vendors’ business
- Collaboration with SJPP as credit guarantee provider
Eligibility
- Local business entity
- Vendors licensed and registered with Sarawak Energy or its subsidiaries
- The main contractor who has directly obtained a contract/ work order from Sarawak Energy or its subsidiaries
- New and existing vendors of Sarawak Energy or its subsidiaries
Facilities offered
- Business Cash Line-i
- Ijarah Thumma Bai’-i (AITAB-i) (based on contract requirement)
- Multi Trade Facilities
Purpose of Financing
- Working Capital
- Capital Expenditure (specific to the contract financed by the Bank)
Financing Limit
Up to RM 10 million
Financing Rate
Base Financing Rate / Cost of Funds + minimum 1.00% per annum
Types of contract
- Direct supply or trading;
- Supply, installation and commissioning, testing, commissioning, training, etc.;
- Business Services including provision of service and maintenance;
- Construction, infrastructure; or
- Any other contracts as approved by the Bank
Guarantee Provider
Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
(Only applicable for SMEs)
How to apply
