Page 87 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 85
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

tasked to distribute government funds to affected SMEs via
this specific financing programme. Due to remarkable and
outstanding response to TRRF, on 5 July 2021, BNM provided The Bank works to support
an additional allocation of RM2 billion, bringing the total to the Government’s agenda to
RM6 billion. TRRF was also extended to non-services sectors
that had to remain closed under Phase 2 of the National boost micro, small and medium
Recovery Plan (NRP). In addition, eligible SMEs can now utilise entrepreneurships (SMEs), with
up to 30% of the financing approved under TRRF to refinance
any existing business financing. As at end of December 2021, the goal of meeting the target for
RM158 million had been approved by Bank Muamalat under SMEs to contribute 50% to GDP
the TRRF programme and RM136 million had been disbursed
direct to SMEs. These have benefitted and revitalised the by 2030. Continuous support of
businesses of 546 SME companies. BNM’s initiatives including financial

On 8 December 2021, Bank Muamalat and Syarikat Jaminan assistance and micro financing.
Pembiayaan Perniagaan Bhd (SJPP) signed an agreement to
enable Malaysian small-and-medium enterprises (“SMEs”)
and mid-sized companies (MSCs) to access financing under
In addition to new financing programmes, the Bank offered
the Pemulih Assistance Package. The scheme provides
Payment Assistance (“PA”) packages to SME companies
financing assistance via new financing, restructuring of current
who could not afford to pay their existing facilities due to
financing facilities and further funding of working capital to
business disruptions as a result of MCO restrictions. The
help entrepreneurs revitalise their businesses. The agreement
Enhanced Targeted Relief Payment (“ETRP”), Enhanced
affirms Bank Muamalat’s commitment to assist businesses to
Financing Payment Assistance (EFPA”), Financial Management
secure much-needed capital which will be essential for their
& Resilience Programme (“URUS”) and Financial Resilience
long-term recovery and growth.
Support Scheme (“FIRST”) were introduced to assist companies
Apart from these, during the year, the Bank collaborated with that have difficulties in paying their existing financing facilities.
several other strategic partners on other financial assistance A moratorium for a period of three to six months have been
programmes such as: granted to the eligible SMEs under the respective PA package
to help them to restrategise their business operations. In
• SJPP Teraju Bumiputra Healthcare Supply Chain Financing addition, restructuring and rescheduling of payment have also
Programme (“TERAJU”), a collaboration with SJPP and been granted to eligible SMEs whereby monthly instalment
Teraju Bumiputra Corporation (“TERAJU”); payments have been reduced by 30% to 50% for a certain
period of time as part of a step-up payment programme.
• Klinik Pusrawi Licensing Rakaniaga Financing Programme
(“PUSRAWI”), a collaboration with Pusat Rawatan Islam Sdn The Bank approved a total of RM71 million under these
Bhd (“PUSRAWI”); and various payment assistance packages in FY2021, and these
have helped 190 SMEs restore their business operations.
• Malaysia Automotive Robotics and IoT Institute (“MARii”).
Recognising Bank Muamalat's commitment to bolster the
All these programmes share the same objective of assisting
SME market, several SME-related organisations invited Bank
selected SMEs and MSCs to restore their businesses after the
Muamalat as a panel participant to their webinars to offer
COVID-19 pandemic. As a result, ten new PUSRAWI clinics
financial management advice to SMEs. Through these
have been opened while RM6.5 million and RM46.2 million
knowledge transfer sessions, win-win synergies are realised.
have been approved under TERAJU and MARii respectively.
SMEs can improve their financial knowledge and be more
Another RM30 million have been approved under the
bankable in the future, while the Bank has the opportunity
Commercial Property Financing Programme (“CPF”),
to market financing solutions to members of the related
which provides financing specifically for the purpose of assets
SME organisations. Due to pandemic and MCO restrictions
acquisition and refinancing.
throughout the year, these sessions have been conducted via
online channels such as social media and distance learning.