Halal Fund 2018-09-07T17:44:24+00:00

Halal Technology Development Fund

A Holistic and Syariah Compliant Fund

Halal Fund Introduction

Halal Technology Development Fund is specifically designed to finance and nurture small and medium enterprises (SMEs) for long-term growth and export through halal compliant activities.

The primary focus of the fund is to provide companies with access to the best advisory services and networks. Activities include halal product development process and regulatory compliance services, as part of the effort to overcome barriers and hurdles to bring halal products and services to market.

“HTDF offers attractive, holistic and syariah-compliant fund for technology injection to increase capability and capacity so that SME stays ahead of competition. “

– Meor Rafeq, Vice President

Halal Fund 1

Halal products & services for the local market

Halal Fund 2

Halal products & services for the international market

Eligibility Criteria

Halal Fund 1

  • The company is incorporated under the Companies Act 1965
  • The company must be at least 60% owned by Malaysian(s)

  • The company qualifies as an SME according to the guidelines on new SME definition 2013 by SME Corp. Malaysia

  • The company has already obtained halal certification from Department of Islamic Development Malaysia (JAKIM)

  • The company must not be a subsidiary of a GLC/MNC

Halal Fund 2

  • All the criteria listed above (Halal Fund 1); and the products or services have already been exported.

Halal Fund 1

  • Halal Fund 1 provides flexible funding which includes grant and Convertible Promissory Note (CPN) up to a maximum of RM2 million.

Halal Fund 2

  • Halal Fund 2 provides flexible funding which includes grant and Convertible Promissory Note (CPN) up to a maximum of RM4 million.

    The following sectors are eligible for Halal Technology Development Fund:

  • Food & Beverage

  • Ingredients and Additives

  • Cosmetics & Personal Care

  • Pharmaceutical & Nutraceuticals

  • Innovative Halal Products and Services

Halal Fund 1 and 2

  • Six (6) years whereby two (2) years for the implementation phase and four (4) years for repayment

Halal Fund Recipients

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