The Unit Peneraju Agenda Bumiputera (TERAJU) has allocated RM100 million across Malaysia’s top peer-to-peer (P2P) financing platforms, with the largest portion awarded to microLEAP.
This significant investment, part of the Islamic-Working Capital Project Financing Programme (i-WCPF), highlights TERAJU’s confidence in microLEAP’s pivotal role in advancing the Bumiputera economic landscape.
Securing the largest share of the fund marks a major achievement for microLEAP, a vision set in motion two years ago by its Founder and CEO, Tunku Danny Nasaifuddin Mudzaffar.
“This funding is a pivotal moment for us, as it enables us to create a tangible impact for the Bumiputera community. Our long-standing partnership with TERAJU has been instrumental in bringing this initiative to life, and together, we are committed to empowering Bumiputera entrepreneurs with the resources they need to boost their participation in the local economy,” he said.
The i-WCPF programme, designed specifically for Bumiputera enterprises, offers innovative Islamic financing solutions, including pre-invoice and post-invoice financing based on the Shariah principle of Commodity Murabahah via Tawarruq.
These funds are directed toward high-growth sectors such as renewable energy, technology & digital, electrical & electronics, agriculture & agro-based, and rare earth industries. The financing solutions offer competitive profit rates, helping businesses achieve sustainable growth while reducing dependence on conventional financing.
Though microLEAP received the largest portion of the fund, the platform acknowledges the collective nature of this effort. “We are honoured to lead this initiative, but we’re equally glad to see other platforms join in.
“It’s about uplifting the entire community, and we believe this collaborative approach will bring positive outcomes for Bumiputera businesses and the broader economy,” Tunku Danny added.
With offices across key regions like Sabah, Sarawak, Johor, Penang, and Perak, in addition to the Klang Valley, microLEAP is well-positioned to provide accessible financing services nationwide.
Combined with a fully digital onboarding process, this extensive presence ensures that Bumiputera entrepreneurs in underserved areas have direct access to the financing and support they need, aligning with the i-WCPF’s goal of broad-based support for Bumiputera businesses.
TERAJU CEO Junady Nawawi emphasized that this initiative aligns with Malaysia’s Shared Prosperity Vision 2021-2030. “This financing reflects TERAJU’s commitment to fostering economic growth and inclusivity for the Bumiputera community.
“Through partnerships like this, we aim to provide not only financial support but also to build a thriving ecosystem where Bumiputera entrepreneurs can grow and contribute to Malaysia’s prosperity,” he stated.
With financing of up to RM1,000,000 available per transaction, 12-month terms, and competitive profit rates, microLEAP’s offerings under the i-WCPF are set to transform access to financing for Bumiputera enterprises.
Together, microLEAP and TERAJU are laying a strong foundation for sustainable growth and inclusivity, paving the way for a prosperous future for Bumiputera businesses across Malaysia.
