DEVELOPMENT FINANCE OVERVIEW

MIDF’s Development Finance Division provides medium and long-term conventional and Shari’ah-based financing for new projects as well as expansion, modernisation and relocation programmes in the manufacturing, manufacturing-related services and services sectors in Malaysia.

The Division, which focusses on small and medium enterprises (SMEs), extends fixed interest / profit rate financing through machinery and term loans, industrial hire purchase and leasing facilities for the acquisition of machinery and equipment, factory mortgages and revolving credit and factoring facilities for working capital purpose.

MIDF is designated by the Government of Malaysia to process applications for financing under soft loan schemes with relatively low fixed interest / profit rates, to disburse government-allocated funds under these schemes to approved applications and to manage these funds.