Teraju

What Teraju does

TERAJU (Unit Peneraju Agenda Bumiputera) is a Malaysian government agency established in 2011 and operating under the Ministry of Economy, with headquarters at Tingkat 13, Blok A, Suasana PjH, Putrajaya. Its mandate is to drive Bumiputera economic empowerment under the PuTERA35 framework, targeting 30% Bumiputera equity ownership, 70% participation in high-skilled jobs, and a rise in mandated Bumiputera market capitalisation from RM1.71 trillion to RM2.93 trillion by 2035. Following a May 2024 realignment (Halatuju Baharu), TERAJU was redesignated as the 'Super-Scaler' of the Bumiputera ecosystem, complementing Yayasan Peneraju (talent development) and Ekuinas (equity ownership). It operates three transformative strategies — Reverse Linkages (via the Islamic Development Bank), Management Buy-Out, and Mergers & Acquisitions — to consolidate and professionalise Bumiputera companies.

TERAJU delivers financing and facilitation services through a suite of programmes including i-WCPF (RM100 million Shariah-compliant working capital financing up to RM1 million per transaction, channelled via P2P platform microLEAP), BECF, BSSF (Sabah and Sarawak), and newer 2026 launches — ASCEND, ENHANCE, XCELERATE, and BSAF. Facilitation services include a Bumiputera Board of Director & Advisor Depository, an Angel Investors Depository, consulting/advisory support, and IPO readiness programmes jointly run with Bursa Malaysia. Distribution relies on outreach events (TERAJU Aspirasi in Sabah, Sarawak, Penang), partnerships with Bursa Malaysia, microLEAP, Agrobank, GLICs (Khazanah, KWSP, KWAP, PNB, Tabung Haji, PETRONAS, LTAT), and a whole-of-government network including MARA, PUNB, SME Bank, UDA Holdings, and SME Corp.

The business model is non-commercial: TERAJU does not generate revenue from beneficiaries, instead operating on government allocations and deploying funds through partner financial institutions and P2P platforms. Pricing is structured as transaction-based Shariah-compliant financing (Commodity Murabahah via Tawarruq, 12-month terms). Customer segments are Bumiputera SMEs and mid-market companies across Malaysia, with sub-segments in 11 high-growth, high-value (HGHV) strategic sectors, East Malaysia (Sabah and Sarawak), and IPO candidates (currently ~7% of Bursa Malaysia listings). Notable portfolio outcomes include RM517.64M of investment value in Kedah, RM47.5M for Sabah, and engagement of 64 Sarawak Bumiputera companies through the Road To IPO programme. Leadership is headed by CEO Junady Nawawi under a Board of Trustees.

Name

Teraju

Legal name

Unit Peneraju Agenda Bumiputera

Website

https://teraju.gov.my

Company type

Private

Founded year

2011

Operating status

Operating

Short description

TERAJU (Unit Peneraju Agenda Bumiputera) is a Malaysian Ministry of Economy agency redesignated in 2024 as the 'Super-Scaler' of the Bumiputera economic ecosystem, providing Shariah-compliant financing, M&A support, and IPO readiness services to Bumiputera SMEs and mid-market companies under the PuTERA35 framework.

Ownership category

akta.pro rank

Product category

Government Economic Development / Bumiputera Enterprise Financing

akta.pro primary industry

Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Bumiputera enterprise financing
• Shariah-compliant financing
• Government economic development
• Ipo readiness support
• Business facilitation services

Headquarters

HQ city

Kuching

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Government Funding and Mandate: TERAJU is a government-mandated agency under the Ministry of Economy. It does not generate commercial revenue. Its activities are funded through government allocations, and it provides financing and facilitation support to Bumiputera companies through various fund programmes including i-WCPF, BECF, and BSSF.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

TERAJU is a Malaysian government-mandated agency under the Ministry of Economy that provides financing and facilitation services to Bumiputera enterprises across Malaysia. It operates Shariah-compliant financing programmes (i-WCPF, BECF, BSSF, BSAF), IPO readiness support in partnership with Bursa Malaysia, advisory services, and access to capital markets, acting as the designated "Super-Scaler" within the PuTERA35 Bumiputera Economic Transformation Plan.

Differentiator

Problem solved

Functional benefit

Brands

• i-WCPF (Islamic Working Capital Project Financing): Shariah-compliant financing program providing up to RM1 million for Bumiputera enterprises in high-growth, high-value industries
• Bumiputera Expansion and Catalyst Fund (BECF)
• SUPERB
• ASCEND
• ENHANCE
• XCELERATE
• Bumiputera Scaling Fund (BSAF)
• Sabah and Sarawak Bumiputera Scaling Fund (BSSF)

Quantifiable outcome

• TERAJU targets to produce 5 to 10 scale-up companies from Sabah within 5 years ready for Bursa Malaysia IPO
• +5 more outcomes

Named customers4 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

Partnerships

Ten partnerships are on record, tiered core and minor.

• Bursa MalaysiacoreStrategic or Co-development Partner · 12 February 2026Bursa Malaysia and TERAJU signed a Memorandum of Collaboration to support Bumiputera companies in preparing for IPOs and increase their participation in Malaysia's capital market. Bursa Malaysia provides advisory support, networking with capital market intermediaries, and capacity building programmes, while TERAJU identifies suitable companies and facilitates access to funding and incentives. The initiative aligns with Malaysia's PuTERA35 targeting 30% Bumiputera equity ownership by 2035.
• microLEAPcoreChannel Partner/ Reseller/ Distributor · 1 October 2024microLEAP, a P2P financing platform, received the largest share of TERAJU's RM100 million Islamic Working Capital Project Financing (i-WCPF) fund. The platform provides Shariah-compliant financing based on Commodity Murabahah via Tawarruq principle to Bumiputera entrepreneurs in sectors including renewable energy, technology, agriculture, electrical & electronics, and rare earth industries. Financing up to RM1 million per transaction with 12-month terms is available across Malaysia including Sabah, Sarawak, Johor, Penang, and Perak.
• Islamic Development Bank (IsDB)minorStrategic or Co-development PartnerReverse Linkages is a technical cooperation mechanism introduced by the Islamic Development Bank (IsDB) to foster collaboration among OIC member countries. TERAJU facilitates this mechanism for Bumiputera companies to exchange expertise and resources with counterpart countries for mutual development and growth.
• Deloitte AdvisoryminorImplementation/ SI/ Consulting PartnerDeloitte Advisory works hand-in-hand with TERAJU and Bursa Malaysia to support the Road to IPO programme, providing advisory expertise to help Bumiputera companies prepare for public listing.
• ProtectHealthminorStrategic or Co-development PartnerTERAJU formed a strategic collaboration with ProtectHealth for the PeKa B40 Programme, supporting healthcare access for Bumiputera communities within the B40 (bottom 40 percent) income group.
• PERKESO (SOCSO)minorStrategic or Co-development PartnerTERAJU signed an MoU with PERKESO (Pertubuhan Keselamatan Sosial — Social Security Organisation) to support Bumiputera entrepreneurs and workers through social protection and employment-related initiatives.
• Yayasan Peneraju and EkuinascoreStrategic or Co-development PartnerThrough the realignment of three Bumiputera-mandated agencies under the Ministry of Economy — Yayasan Peneraju (talent development), TERAJU (super-scaler for growth), and Ekuinas (equity ownership) — each plays a specific role within the Bumiputera entrepreneurial ecosystem. TERAJU acts as the super-scaler in driving growth and expanding scale of Bumiputera companies to be competitive globally.
• Universiti Sains Malaysia (USM)minorStrategic or Co-development PartnerTERAJU collaborated with Universiti Sains Malaysia (USM) on the INNO4C project (Innovation for Community), specifically the Kelulut Honey Project. USM provided research-based data, modern farming methods, and technical expertise. The project's honey products successfully penetrated international markets including USA, Japan, Saudi Arabia, and China. RM3–4 million was allocated under DPUB for this initiative.
• Universiti Malaysia Terengganu (UMT)minorStrategic or Co-development PartnerTERAJU collaborated with Universiti Malaysia Terengganu (UMT) on the Melon Manis Terengganu (Sweet Melon) project, demonstrating that modern agriculture can increase community income. This is part of DPUB initiatives showing sustainable farming models for Bumiputera communities.
• MARA, PUNB, SME Bank, UDA Holdings, SME CorpcoreStrategic or Co-development PartnerTERAJU operates within a whole-of-government approach alongside other Bumiputera-mandated agencies including MARA, PUNB, SME Bank, UDA Holdings, and SME Corp, coordinating efforts to drive Bumiputera economic participation under RMK13 and PuTERA35.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Khazanah Nasional: Malaysia's sovereign wealth fund with strategic-investment and Bumiputera participation mandates. Comparable as a government-linked investor that TERAJU coordinates with under the PuTERA35 whole-of-government framework, though operating at much larger scale across all sectors.

Direct peers

• MARA (Majlis Amanah Rakyat): Long-established Bumiputera development agency providing financing, education, and enterprise support. Overlaps with TERAJU in Bumiputera SME financing and capacity-building but operates at a broader, more historic mandate scope under the Prime Minister's Department.
• SME Corp Malaysia: Central coordinating agency for SME development under the Ministry of Entrepreneur and Cooperatives Development. Directly comparable as a whole-of-government ecosystem coordinator supporting SME scaling, financing access, and capacity building across Malaysia.
• SME Bank Malaysia: Development financial institution under Malaysia's Ministry of Entrepreneur and Cooperatives Development providing financing to Malaysian SMEs, including Bumiputera enterprises. Comparable as a state-backed financing intermediary that distributes capital through partner networks.
• Ekuinas (Ekuiti Nasional Berhad): Sister Bumiputera-mandated agency under Malaysia's Ministry of Economy with a parallel mandate to drive Bumiputera equity ownership and corporate wealth creation. Operates as a private-equity-style investor, making it the closest functional peer to TERAJU within the same ecosystem realignment (Halatuju Baharu 2024).
• Yayasan Peneraju: Third agency in the Ministry of Economy's Bumiputera realignment, focused on talent development and Bumiputera value-creator capacity-building. Directly comparable as a government-mandated Bumiputera empowerment entity coordinating with TERAJU under the same policy framework.
• PUNB (Perbadanan Usahawan Nasional Berhad): Malaysian government agency providing financing and entrepreneurship development, particularly for micro and small Bumiputera enterprises. Comparable to TERAJU in financing-distribution and SME support functions but focuses on earlier-stage enterprises.

Regional players

• Agrobank: Malaysia's agricultural development bank and TERAJU partner providing Shariah-compliant financing to Bumiputera agro-based enterprises. Comparable in Islamic financing structure and Bumiputera-sector targeting, though specialised to agriculture rather than the broader HGHV mandate.

Emerging players

• KOSME (Korea SMEs and Startups Agency): South Korean government agency providing comprehensive SME financing, market-access, and capacity-building programmes. Comparable as a state-mandated 'super-scaler' agency for SME development, although operating in a different national context and policy framework.
• Enterprise Singapore: Singaporean government agency supporting enterprise growth and financing access for local SMEs with a 'super-scaler' mandate analogous to TERAJU's. Comparable in coordinating financing, market access, and capability-building programmes for domestic enterprises, though Singapore's framework is not ethnic-targeted.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/terajuofficial
• Facebookfacebook.com/terajuofficialpage
• LinkedInlinkedin.com/company/teraju-bumiputera-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments20 records

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

Frequently asked questions about Teraju