OCBC Al-Amin Bank Bhd has inked a RM100 million Islamic Portfolio Guarantee-i (PG-i) agreement with Credit Guarantee Corporation Malaysia Bhd (CGC) to boost access to financing for Bumiputera and women-led enterprises.
The new PG-i tranche offers up to RM600,000 in financing over seven years without collateral for up to 50% of the approved amount. While prioritising Bumiputera and women entrepreneurs, the scheme is open to all small and medium enterprises (SMEs) nationwide.
OCBC Al-Amin CEO Tuan Syed Abdull Aziz Syed Kechik said the initiative reflects the bank’s commitment to “fostering inclusive economic growth” by enhancing market access and unlocking the potential of Malaysia’s diverse SME sector.
CGC President and CEO Datuk Mohd Zamree Mohd Ishak said the collaboration aims to address financing gaps and empower segments “vital to Malaysia’s future growth”.
Tuan Syed Abdull Aziz shared that since 2017, OCBC Al-Amin has disbursed RM268 million under PG-i schemes with CGC. The latest tranche is accessible via the bank’s Entrepreneur Fund-i, streamlining approvals to help SMEs focus on scaling their businesses.
As part of the launch, participating SMEs will also enjoy a cash rebate of up to two months on their Business Banking Reducing Term Takaful contributions.
