MIDF

What MIDF does

MIDF (Malaysian Industrial Development Finance Berhad) is a Malaysian development finance institution established in 1960, operating under the regulatory oversight of Bank Negara Malaysia and headquartered within the MBSB Group conglomerate. The institution runs three integrated business lines: development finance providing SME financing up to RM20 million per facility at a concessionary 2% per annum; investment banking services for mid-tier and large Malaysian corporates; and asset management through its wholly-owned subsidiary MIDF Amanah Asset Management Berhad, which distributes 13+ unit trust funds spanning Large-Cap, Small-Cap, ESG, and Shariah-compliant mandates.

The company generates revenue through interest income on its SME development finance book, advisory and underwriting fees from investment banking mandates, and management fees on asset management AUM. Distribution is executed through six regional offices across Malaysia supplemented by the MIDF Invest digital share-trading platform that extends retail brokerage access. Strategic product extensions include the MIDF-TM TR Finite Fund (a Shariah-compliant global equities partnership with Tokio Marine Asset Management) and the forthcoming MIDF Climate Fund, alongside ESG education programming conducted with the Malaysian Green Technology and Climate Change Corporation (MGTC).

The technology footprint is modest but functional: AI/ML is applied to stock selection within asset management funds, and the MIDF Invest platform provides online share-trading access. Governance infrastructure includes an Integrity and Governance Unit established in April 2020 and MS ISO 37001:2016 anti-bribery management system certification. The institution previously operated under the name MIDF Amanah Investment Bank Berhad and has been rebranded to MBSB Investment Bank Berhad, consolidating its identity within the parent MBSB Group.

Name

MIDF

Legal name

Malaysian Industrial Development Finance Berhad

Website

https://www.midf.com.my

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

MIDF is a Malaysian development finance institution founded in 1960, operating within the MBSB Group to provide SME financing, investment banking, and asset management services through six regional offices and a digital trading platform.

Ownership category

akta.pro rank

Product category

Development Finance & Investment Banking

NAICS

Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159), Investment Advice (6282)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD), Mid-Cap Equity (Active) (FSAAAIAB)

Keywords

• Development finance
• Investment banking
• Asset management
• SME financing
• Unit trust funds

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Development Finance / SME Financing: Interest income from providing financing facilities to SMEs and mid-tier businesses. Offers financing up to RM20 million at competitive rates.
2. Asset Management / Unit Trusts: Management fees and charges from managing unit trust funds including equity funds, money market funds, and Sukuk funds. Professional fund management services with various Shariah-compliant and conventional products.
3. Investment Banking Services: Corporate advisory, IPO advisory, fixed income investments, and private investments generating fee-based revenue.
4. Share Trading and Margin Financing: Brokerage commissions and margin financing interest from equity trading services including access to Malaysian and US stock markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

MIDF is a Malaysian development finance institution and investment bank providing SME and corporate financing facilities up to RM20 million, investment banking services (corporate advisory, IPO advisory, fixed income and private investments), and asset management through its subsidiary MIDF Amanah Asset Management Berhad, which manages Shariah-compliant and conventional unit trust funds. It also offers retail share trading via the MIDF Invest digital platform with access to Bursa Malaysia stocks and US-listed ETFs.

Product overview

MIDF (Malaysian Industrial Development Finance Berhad) is a financial services group offering a comprehensive suite of financing, investment banking, and asset management products. The core offerings include SME Financing (up to RM20 million per facility), corporate financing for large businesses, corporate advisory, IPO & equity solutions, money market instruments, fixed income investments, private investments, and share trading services. The asset management arm operates under MIDF Amanah Asset Management, managing a diversified portfolio of 13+ unit trust funds including equity funds (MIDF All Malaysia Fund, MIDF Dividend Fund, MIDF Large-Cap Fund, MIDF Small-Cap Fund, MIDF ESG Fund), money market funds (MIDF Amanah DL Fund, MIDF Amanah Shariah Money Market Funds), Sukuk funds, and specialized solutions (MIDF-TM TR Finite Fund, upcoming MIDF Climate Fund). Multiple funds utilize AI and machine learning for investment decision-making. The group also provides a digital trading platform (MIDF Invest) for equities and international ETFs.

Differentiator

Problem solved

Functional benefit

Products and services

• SME Financing Development finance solutions for small and medium enterprises and mid-tier businesses in Malaysia, offering facilities up to RM20 million at competitive interest rates (as low as 2% p.a. fixed on monthly payments). Accessed via GrowYourBusiness.com.my portal.
• Financing for Large Businesses Corporate financing facilities designed for large businesses and corporations requiring tailored funding solutions.
• Corporate Advisory Advisory services for corporate finance matters including strategic planning, transaction support, and corporate finance advisory for clients.
• IPOs & Equity Solutions Investment banking services related to initial public offerings and equity capital markets solutions for corporate clients.
• Money Market Deposits Islamic and conventional money market instruments for short-term investment and liquidity management for corporate and institutional clients.
• Fixed Income Investments Investment solutions in fixed income securities and bonds for corporate and institutional investors.
• Private Investments Private investment opportunities including private equity and venture capital solutions for corporate and institutional clients.
• Share Trading Equity trading services via the MIDF Invest platform for Bursa Malaysia stocks and international markets including ETFs on NYSE and Nasdaq, with Islamic trading options.
• Share Margin Financing Credit facilities for trading, subscription, or purchase of shares for retail investors.
• Fund Management Professional fund management services across various asset classes and investment strategies operated by MIDF Amanah Asset Management Berhad.
• MIDF All Malaysia Fund Diversified unit trust fund investing in Shariah-compliant Malaysian listed stocks for retail and institutional investors.
• MIDF Dividend Fund Unit trust fund focusing on attractive dividend-yielding stocks via in-depth assessment of company cashflows.
• MIDF Large-Cap Fund Unit trust fund utilizing AI and machine learning to invest in large and well-diversified Malaysian stocks.
• MIDF Small-Cap Fund Unit trust fund leveraging AI and machine learning to identify hidden gem small-cap stocks missed by average investors.
• MIDF ESG Fund Unit trust fund filtering well-rated ESG companies and utilizing AI and machine learning for stock selection, generating absolute returns with an ESG focus.
• MIDF-TM TR Finite Fund 3-year wholesale global equity fund co-managed with Tokio Marine Asset Management, offering Shariah-compliant global equities with systematic investment approach.
• MIDF Amanah DL Fund Capital-protected money market unit trust fund offering high liquidity and pro-rated cash returns.
• MIDF Amanah LR Sukuk Fund Low-risk alternative unit trust fund investing in high-grade sukuks, offering higher returns than 1-year fixed deposits.
• MIDF Amanah Shariah Money Market Fund Shariah-compliant money market unit trust fund providing regular income stream over short to medium-term while maintaining capital stability.
• MIDF Amanah Shariah Money Market Fund II Second Shariah-compliant money market unit trust fund offering regular income with capital stability.
• MIDF Amanah Shariah Equity Fund Unit trust fund investing in a portfolio of Shariah-compliant equities for long-term capital growth.
• MIDF Invest Digital trading platform for share trading, enabling investment in Bursa Malaysia stocks and US-listed ETFs on NYSE and Nasdaq with Islamic trading options.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Tokio Marine Asset ManagementcoreStrategic or Co-development PartnerStrategic collaboration between MIDF Amanah Asset Management Berhad and Tokio Marine Asset Management for co-management of MIDF-TM TR Finite Fund 1 - a joint investment capabilities partnership for global Shariah-compliant equities.
• SME CorpcoreStrategic or Co-development PartnerMIDF collaborates with SME Corp on virtual business matching events and various SME support programs. SME Corp serves as a platform for connecting SMEs with financing opportunities and business development resources.
• MGTC (Malaysian Green Technology and Climate Change Centre)minorStrategic or Co-development PartnerPartnership to help SME clients in ESG adoption. MGTC provides guidance and support for measuring, managing, and mitigating environmental impact, while MIDF provides access to financing for ESG initiatives.
• SIRIM-FMM Industry 4.0minorStrategic or Co-development PartnerMIDF represented by Development Finance Division at SIRIM-FMM Industry 4.0 webinar series alongside TEEAM and SME Association of Malaysia to promote financial assistance for automation and modernization.
• KSGZminorChannel Partner/ Reseller/ DistributorKSGZ provides Malaysian SMEs with services, support, and roadmap to explore Halal market opportunities. Partnered with MIDF for business matching events.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• MBSB Bank: MBSB Bank is the banking arm of the parent MBSB Group and provides commercial banking products including SME financing under the same corporate umbrella as MIDF. Highly comparable as it shares customer overlap and group distribution channels, though it focuses on depository banking rather than investment banking.
• Maybank Investment Bank: Maybank's investment banking arm offers corporate advisory, IPOs, equity solutions, and debt capital markets across Malaysia and ASEAN. Directly comparable to MIDF's investment banking and IPO advisory services, with a much larger regional footprint.
• CIMB Investment Bank: CIMB provides corporate finance, IPO advisory, equity and debt capital markets, and asset management across ASEAN. Comparable to MIDF's full-stack investment banking and asset management platform, with broader regional reach.
• RHB Investment Bank: RHB's investment banking arm offers corporate advisory, IPOs, fixed income, and asset management in Malaysia. Comparable to MIDF's investment banking services within a larger universal banking group.
• Public Bank: Public Bank provides SME and commercial lending as a major Malaysian bank. It is comparable to MIDF's SME financing business, though Public Bank is a larger incumbent with a stronger retail deposit base.
• AmBank / AmInvestment Bank: AmBank provides commercial banking, investment banking, and asset management in Malaysia. Comparable across MIDF's full-stack operations, with a strong presence in SME financing and fund management.

Direct peers

• Kenanga Investment Bank: Kenanga is a Malaysian investment bank offering stockbroking, investment banking, fund management, and wealth management. It is a closely comparable mid-tier Malaysian investment bank and asset manager competing in the same segments as MIDF.
• Affin Bank / Affin Hwang Investment Bank: Affin Hwang provides investment banking, equities, and asset management in Malaysia. It is a direct competitor across MIDF's investment banking and asset management lines, with a similar mid-tier positioning.
• Bank Muamalat Malaysia: Bank Muamalat is a Malaysian Islamic bank offering Shariah-compliant financing, deposits, and investment products. Comparable to MIDF's Shariah-compliant product lines and SME financing within the Islamic finance ecosystem.
• Hong Leong Investment Bank: Hong Leong Investment Bank offers corporate finance, IPO advisory, fixed income, and stockbroking in Malaysia. It is a direct mid-tier competitor to MIDF's investment banking platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights8 records

Customer concentration

• Xx.com/midfgroup
• YouTubeyoutube.com/@midfberhad
• Facebookfacebook.com/MIDFGroup
• LinkedInlinkedin.com/company/midf-berhad/mycompany

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIDF