Bank Muamalat, SJPP signs agreement to enable SMEs, MSCs access to financing

KUALA LUMPUR: Bank Muamalat Malaysia Bhd and Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has signed an agreement to enable Malaysian small and medium enterprises (SMEs) and mid-sized companies (MSCs) to access financing.

In a joint- statement today, they said under the agreement, Bank Muamalat’s business customers could apply for the PEMULIH Government Guarantee Scheme (PGGS) that provided financing assistance via new financing, restructuring of current financing facilities and further funding of working capital to help entrepreneurs revitalise their businesses.