“Oceanbase
Oceanbase
Oceanbase
Close Menu
    • About Fintech News Network
    • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Press Release
    • Submit Interview Request
    • Submit Fintech Event
    • Submit Vacancy
    • Webinar Inquiry APAC
    • Fintech Startups in Malaysia
    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
      • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit
      • Submit Fintech Startup
      • Submit Press Release
      • Submit Interview Request
      • Submit Fintech Event
      • Submit Vacancy
      • Webinar Inquiry APAC
    • Fintech Events in Malaysia
    • MY Fintech Startup Directory
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    LinkedIn Facebook X (Twitter) YouTube RSS
    Free Newsletter
    • Blockchain
    • Lending
    • Payments
    • Insurtech
    • Wealthtech
    • Regtech
    • Report
    • Startups
    • Events
    • Jobs
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    Home»Islamic Fintech»Boost Forays into Islamic Fintech with New MSME Financing Scheme
    Islamic Fintech Lending

    Boost Forays into Islamic Fintech with New MSME Financing Scheme

    Fintech News MalaysiaFintech News MalaysiaFebruary 3, 20222 Mins Read
    LinkedIn Facebook Twitter Copy Link Telegram Email
    Boost Forays into Islamic Fintech with New MSME Financing Scheme
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Malaysia News once a month in your Inbox

    Axiata’s fintech arm Boost is offering micro, small and medium enterprises (MSMEs) financing up to RM100,000  financed through its digital lending subsidiary Boost Credit that was formerly known as Aspirasi.

    ‘Capital Plus’ is a Shariah-compliant micro-financing facility based on commodity murabahah that is ideal for MSMEs.

    It offers financing from RM1,000 up to RM100,000 over a 15-month tenure at a low profit rate of 1.2% per month, with no repayment of principal for the first three months.

    Boost said that the application process will not take more than 10 minutes and the funds will be disbursed within 48 hours for the merchants on its platform.

    MSMEs do not need any guarantor or collaterals to apply for this financing.

    Sheyantha Abeykoon
    Sheyantha Abeykoon

    Sheyantha Abeykoon, CEO of Boost expressed,

    “The pandemic has posed many challenges for MSMEs to continue running their businesses. For most MSMEs, the challenge of maintaining steady cashflow weighs heavily on their minds.

     

    One of the key aspects we have incorporated into ‘Capital Plus’ is a three-month moratorium for MSMEs. We hope that MSMEs will find this micro-financing facility helpful in giving a boost to their recovery journey and provide them the much-needed capital to re-start their businesses,”

     

     

    Boost
    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Fintech News Malaysia
    • Facebook
    • X (Twitter)

    Related Posts

    Hong Leong Bank and DCAP Partner to Advance SME Lending with AI-Driven Solutions

    June 13, 2025

    Bank Muamalat Launches Its Islamic Digital Bank ATLAS Powered by Backbase

    June 5, 2025

    KWAP in Talks to Invest up to US$15 Million in Dubai-Based Islamic Digibank Fasset

    May 27, 2025

    A List of Licensed Peer-to-Peer (P2P) Platforms in Malaysia

    May 22, 2025

    BNPL Use Rises as Formal Credit Remains Out of Reach for Many Malaysians

    May 21, 2025

    5 Top E-Wallets in Malaysia and What They’re Best For (2025)

    May 21, 2025

    Does Malaysia Have What It Takes to Reinvent Islamic Finance?

    May 13, 2025

    Zurich Travel Takaful Now Available on ShopeePay

    May 13, 2025
    Blockchain/BitcoinSponsored

    Collaboration Is Key to Institutional Crypto Success in Malaysia

    April 29, 2025
    Fintech Malaysia Newsletter
    Subscribe to the most important Fintech Malaysia News
    Follow Us
    • LinkedIn
    • Facebook
    • Twitter
    • YouTube
    Featured Fintech Award

    Public Voting

    Featured Fraud Solution

    Featured Fraud Solution

    Featured Webinar

    How APAC Banks Can Leverage SaaS to Compete & Collaborate

    Featured Whitepaper

    Featured Reports

    Sumsub Identity Fraud Report 2024-2025

    APAC Insights from LexisNexis Risk Solutions Cybercrime Report

    Financial Crime Landscape in Malaysia Q4 2024

    The future of deposits 2025

    Featured Fintech Events

    Hong Kong FinTech Week x StartmeupHK Festival 2025

    Sumsub Fraud Summit 2025

    Featured Fintech Video

    The Future of Islamic Digital Banking

    Webinar Replay

    Cracking the Code of Asia's Banking Trends in 2025 and Beyond-Temenos

    Upcoming Fintech Events
    OceanBase INFINITY CxO Special | Malaysia Edition
    June 18, 2025
    Malaysia
    -
    Kuala Lumpur
    Featured
    Beyond Legacy: How APAC Banks Can Leverage SaaS to Compete & Collaborate
    June 26, 2025
    Featured Online
    Fintech Revolution Summit 2025
    July 23, 2025
    Malaysia
    -
    Kuala Lumpur
    Hong Kong FinTech Week x StartmeupHK Festival 2025
    November 3, 2025
    -
    November 7, 2025
    What the Fraud Summit
    November 19, 2025
    -
    November 20, 2025
    Singapore
    View More
    Promote Event
    Fintech Jobs
    Client Operations Analyst at Endowus
    Full-time, Remote
    Endowus
    View
    Fraud Analyst
    Kuala Lumpur, Full-time
    MoneyLion
    View
    Associate, e-KYC Data Entry (12 months Contract)
    Kuala Lumpur, Contractor
    TNG Digital
    View
    Senior Manager - HRBP
    Kuala Lumpur, Full-time
    Razorpay
    View
    Head of Risk Management
    Kuala Lumpur, Full-time
    PayNet
    View
    View More
    Add Vacancy
    Malaysia Fintech Report 2024

    MY Fintech Map 2024

    Singapore Fintech Report 2024

    Singapore Fintech Report 2024

    Philippines Fintech Report 2024

    PH report 2024

    UAE Fintech Report 2024

    UAE Fintech Map 2024


    Whitepapers & E-Books
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Tookitaki
    APAC Insights from LexisNexis Risk Solutions Cybercrime Report
    APAC Insights from LexisNexis Risk Solutions Cybercrime Report
    LexisNexis Risk Solutions
    The Future of Deposits 2025
    The Future of Deposits 2025
    Mambu
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Luno


    Navigation
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Malaysia
    Fintech News Singapore
    Fintech News Hong Kong
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Thailand
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Middle East
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Malaysia News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    © 2015 - 2025 Copyright CK Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.