Securities Commission Malaysia building at Kuala Lumpur.
KUALA LUMPUR: The Malaysia Co-Investment Fund (MyCIF) total co-investments have reached RM1.19 billion as of end-2024 since its inception, with RM264 million invested in 2024 alone.
MyCIF said it has attracted 4.1 times in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect, which led to a 21.4 per cent increase in total private investment.
"The RM1.19 billion in total co-investments by MyCIF represent 4.6 times the RM260 million in total funds disbursed by the government to date into the programme, demonstrating efficient use of public funds," it said in a statement today.
Set up by the Ministry of Finance (MoF) under Budget 2019, MyCIF has played a pivotal role in the financing landscape by utilising equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms to channel funds into micro, small and medium enterprises.
In addition to the general scheme 1:4 co-investment, MyCIF continues to support strategic and underserved segments of the economy through targeted schemes, including food security and environmental and social enterprise initiatives with a preferential 1:2 co-investment ratio.
Co-investments in these segments rose to RM7 million in 2024 from RM3.4 million in 2023, reflecting MyCIF’s strengthened commitment to targeted investment areas.
Under Budget 2025, MyCIF has earmarked up to RM40 million for promoting innovative Islamic risk-sharing financing through ECF and P2P platforms, it said.
"This allocation complements existing MyCIF schemes and aims to encourage wider adoption of Islamic financing structures, based on Musharakah and Mudharabah concepts.
"It will do so by investing on a first-loss basis in ECF and P2P campaigns grounded in Islamic risk-sharing models, and additionally by offering zero per cent financing rates for selected P2P campaigns," it added. - Bernama
