PROGRAM – CAKNA Financing

The CAKNA financing scheme is a financing facility offer to micro, small, and medium entrepreneurs for contractors under grade G1 to G4 have been awarded contracts with Federal Government. This financing can improve the financial position and cash flow of businesses by speeding up the payment process through the government's e-procurement system and bank financing platforms.

Types of CAKNA Financing Schemes:

CAKNA I:
Offer to entrepreneur who have secured government contracts for supply and services. This facility provides capital support through a post-financing for work/contract that has been completed.
CAKNA II:
Offer to finance both existing or new government contracts in the categories of supply, services, new or existing jobs based on a pre-financing basis, according to the contract's specified duration.

Shariah Concept

Tawarruq
Tawarruq consists of two sale and purchase contracts. The first transaction involves the sale of commodities by the seller to the buyer on a deferred payment. Then, the buyer in the first sales transaction will sell the commodity to a third party in cash.

Financing Margin

Financing Amount

Profit Rate

CAKNA I

CAKNA II

BFR+1.5%

Up to 7% p. or
BFR +1.5%,

Note: Subject to fund availability.

Financing Tenure

Facility Tenure

Collateral

Financing Scope

Contracts financing that related to supply, services, and construction, involve activities such as food production, agriculture, environmental conservation and ecological systems.

All business entities must be registered with the Companies Commission of Malaysia (CCM) or relevant authorities, including in Sabah and Sarawak.
Registered with the Ministry of Finance Malaysia as a supplier/contractor.
Contractors must be registered with CIDB & PKK (Grade G1–G4).
Have been/will be awarded a contract through e-Perolehan.
Not bankrupt, no legal action/multiple credit issues, and not blacklisted (AML/CFT).