TEKUN Nasional
TEKUN Nasional is a Malaysian government statutory body, established 1998, that provides Sharia-compliant micro-financing (RM1,000–RM300,000) exclusively to Bumiputera entrepreneurs across all 16 Malaysian states via a 100+ branch network, group lending, and digital channels.
- Company typePrivate
- Founded1998
- HeadquartersNibong Tebal, Malaysia
- Headcount101–250
- GTM typeB2C
- OfferingServices
What TEKUN Nasional does
TEKUN Nasional is a Malaysian government statutory body established on 9 November 1998 under the Ministry of Entrepreneur Development and Cooperative (Kementerian Pembangunan Usahawan dan Kopi), operating as a Sharia-compliant micro-financing institution mandated to serve Bumiputera entrepreneurs across Malaysia. The institution provides a portfolio of 15+ financing products ranging from RM1,000 to RM300,000, segmented into individual schemes (TEKUN Niaga, SPOT, SP-OKU, Mobilepreneur 4.0, SPUMI, SPORA, SPAK, TVET TUNAS/MEKAR, Professional Young Bumiputera), group lending schemes (TEMAN TEKUN, SPUT, PLUS), contract financing (Kontrak-i), and Sharia-compliant pawnbroking (Ar Rahnu TEKUN). All products are priced at 2–4% per annum profit rates and certified Sharia-compliant by Bank Islam Malaysia Berhad's Shariah Centre of Excellence since 2017, with no collateral or guarantor required for standard financing.
The institution generates operating revenue through profit-rate margins on disbursed financing, wakalah (agency) fees of RM50–500 per contract, monthly ujrah storage fees on Ar Rahnu pawn broking, and government budgetary allocations. Distribution is anchored on a 100+ branch network covering all 16 Malaysian states and federal territories, supplemented by the TEKUN Online portal (currently in 8 states), the TEKUNPAY mobile app for repayments, and PSAT weekly peer-group meetings for group lending. The institution's technology stack is basic — web portal, mobile application, and internal loan management systems — with no proprietary AI/ML capabilities described.
TEKUN's competitive positioning is built on a federally codified Bumiputera-development mandate, no-collateral micro-financing, group-lending social cohesion, and nationwide physical reach. The institution's target customers span B40 micro-entrepreneurs, informal traders, TVET graduates, persons with disabilities (OKU), Orang Asli, the Indian Malaysian community, e-hailing delivery riders, online sellers, and government contractors. TEKUN transformed from a pure financing body in 2008 to a broader entrepreneur development institution providing guidance, networking, and post-disbursement support. No revenue, portfolio, or disbursement figures are disclosed in the public source material.
TEKUN Nasional firmographics
Firmographics- Name
- TEKUN Nasional
- Legal name
- TEKUN Nasional
- Website
- https://tekun.gov.my
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TEKUN Nasional is a Malaysian government statutory body, established 1998, that provides Sharia-compliant micro-financing (RM1,000–RM300,000) exclusively to Bumiputera entrepreneurs across all 16 Malaysian states via a 100+ branch network, group lending, and digital channels.
- Ownership category
- akta.pro rank
TEKUN Nasional industry classification
Industry- Product category
- Islamic Microfinance
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)
Keywords
Where TEKUN Nasional is headquartered
LocationHeadquarters
- HQ city
- Nibong Tebal
- HQ country
- Malaysia
- HQ region
- Asia
Offices16 records
Markets served
TEKUN Nasional business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Micro-financing profit rates: TEKUN generates revenue primarily through profit rates (keuntungan) charged on disbursed financing. For TEKUN Niaga, the rate is 4% per annum on the financing principal. Revenue accrues as a margin above the principal repaid by entrepreneurs over the financing tenor. The model is Sharia-compliant, using Tawarruq, Murabahah, and Qard contracts, where profit is disclosed and agreed upon upfront.
- Wakalah agency fees: TEKUN charges wakalah fees (agency fees) for acting as the representative (wakil) to execute financing contracts. Wakalah fees range from RM50 for financing of RM1,000–5,000 up to RM500 for financing of RM50,001–100,000. These are one-time fees collected at disbursement.
- Ar Rahnu pawn services: Ar Rahnu Tekun provides Sharia-compliant pawnshop services where gold is pledged as collateral. Revenue is generated through ujrah (storage/pawn fee) charged monthly. Rates range from RM0.50 per RM100 marhun value for standard Ar Rahnu 4u, to RM0.90 per RM100 for Mikro Biz E. Additional services include gold buying/selling and gold storage (I-Simpan) with separate fee schedules.
- Takaful contributions (collected and remitted): Mandatory takaful (Islamic insurance) contributions are deducted from approved financing amounts. These contributions fund group takaful schemes covering death and permanent disability, as well as personal accident and PERKESO (self-employment social security) coverage for the first year. Revenue flows to takaful provider partners, with TEKUN facilitating collection.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | TEKUN Niaga tiered micro-financing (RM1,000–100,000) at 4% annual profit rate |
| Subscription | Monthly | SPOT online entrepreneur financing (RM1,000–20,000) at 3% annual profit rate |
| Subscription | Monthly | SP-OKU financing for persons with disabilities (RM1,000–100,000) at 2–4% annual profit rate |
| Subscription | Monthly | TEKUN Mobilepreneur 4.0 for e-hailing delivery entrepreneurs (RM1,000–20,000) at 4% annual profit rate |
| Subscription | Monthly | TEMAN TEKUN group micro-financing (RM1,000–30,000) at 4% annual profit rate with weekly repayments |
| Subscription | Monthly | SPUT tamu entrepreneur financing (RM1,000–5,000) at 4% annual profit rate for Sabah and Sarawak |
| Transaction based/ take rate | Pay-as-you-go | Ar Rahnu gold pawnshop services (RM100–300,000) with daily storage fees |
| Transaction based/ take rate | Pay-as-you-go | Kontrak-i contract financing (RM1,000–200,000) at 1.5% monthly profit rate for government contracts |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
TEKUN Nasional product offering
Product offeringCore offering
TEKUN Nasional is a Malaysian government micro-financing institution that provides Shariah-compliant capital financing to Bumiputera micro and small entrepreneurs across Malaysia. It offers a portfolio of individual, group, contract, and pawnbroking financing schemes ranging from RM1,000 to RM300,000 at 2-4% per annum profit rates, with no collateral or guarantor requirements. Supporting digital channels include the TEKUN Online web portal and the TEKUNPAY mobile application for applications and repayments.
Product overview
TEKUN Nasional is a Malaysian government microfinance institution under the Ministry of Entrepreneurial and Cooperative Development, established on 9 November 1998. The organization offers a comprehensive portfolio of Shariah-compliant financing products designed specifically for Bumiputera entrepreneurs. The core product offerings span Individual Financing schemes (TEKUN Niaga, SPUMI, Mobilepreneur 4.0, SPOT, Professional Young Bumiputera, SP-OKU, SPORA, SPAK, TVET TUNAS/MEKAR), Group Financing schemes (TEMAN TEKUN, SPUT, PLUS), Contract Financing (Kontrak-i), and Islamic pawn broking (Ar Rahnu TEKUN). Supporting digital infrastructure includes TEKUNPAY mobile payment application and TEKUN Online portal. All financing products utilize Tawarruq and Murabahah Shariah concepts and are fully Shariah-compliant as certified by Bank Islam Malaysia Berhad's Syariah Center of Excellence.
Differentiator
Problem solved
Functional benefit
Products and services
- TEKUN Niaga Main individual micro to small financing scheme providing RM1,000 to RM100,000 to Bumiputera entrepreneurs across all business sectors, based on the Tawarruq Shariah concept at a 4% per annum profit rate.
- SPUMI (Skim Pembangunan Usahawan Masyarakat India) Financing scheme encouraging Indian Bumiputera community participation in innovative business ventures, offering RM1,000 to RM100,000.
- TEKUN Mobilepreneur 4.0 Financing for delivery service entrepreneurs using motorcycles, cars, vans, or lorries (including Grab Food, Foodpanda, Lalamove riders) for vehicle purchase, repair, or working capital. RM1,000 to RM20,000 at 4% per annum profit rate over up to 36 months, with PERKESO mandatory for the first year.
- SPOT (Skim Pembiayaan Online TEKUN) Online business financing for entrepreneurs conducting business through online platforms such as Shopee, Lazada, MyMall, and Zalora. RM1,000 to RM20,000 at a 3% per annum profit rate over up to 60 months.
- Skim Pembangunan Usahawan Profesional Muda Bumiputera Financing for young Bumiputera professionals aged 18-50 to venture into business, supporting degree holders and registered professional bodies members.
- SP-OKU (Skim Pembiayaan Orang Kurang Upaya) Micro financing for disabled entrepreneurs (OKU), RM1,000 to RM100,000, with a 2% profit rate for applications of RM1,000 to RM10,000 and 4% for higher amounts, over up to 10 years.
- SPORA (Skim Pembiayaan Masyarakat Orang Asli) Micro financing for the Orang Asli community, requiring a confirmation letter from JAKOA (Department of Orang Asli Development).
- SPAK (Skim Pembiayaan Pelancongan & Aneka Kraf) Micro financing for the tourism and craft sector, including tour operators, homestays, craft producers, travel agents, and ecotourism operators.
- TVET TUNAS and TVET MEKAR Financing for TVET graduates: TUNAS for new entrepreneurs and MEKAR for those seeking to expand existing businesses. Includes start-up capital for TVET-linked businesses, equipment purchase, and business premises setup.
- TEMAN TEKUN Group-based micro financing scheme requiring groups of 5 entrepreneurs who meet weekly for PSAT (Perjumpaan Setempat Ahli TEMAN), offering RM1,000 to RM30,000 at a 4% per annum profit rate with weekly repayment.
- SPUT (Skim Pembiayaan Usahawan Tamu) Group micro financing for Tamu market entrepreneurs in Sabah and Sarawak, offering RM1,000 to RM5,000 for the B40 community, over 6 to 12 months at 4% per annum profit rate with RM50 wakalah fee.
- PLUS (Skim Pembiayaan Lanjutan Usahawan Setia) Advanced financing for loyal existing TEKUN entrepreneurs to further develop their businesses.
- Kontrak-i Contract financing for government contracts and supplies from Federal Government, State Government, Government Agencies, Statutory Bodies, and GLCs. RM1,000 to RM200,000 at 1.5% monthly profit rate over up to 6 months, with no guarantor, no collateral, and no deposit.
- Ar Rahnu TEKUN Shariah-compliant pawnbroking service accepting gold jewellery as collateral. Includes AR RAHNU 4U (RM100-RM5,000), AR RAHNU BIZ (RM1,001-RM150,000), and MIKRO BIZ E (up to RM300,000), with monthly ujrah storage fees ranging from RM0.50 to RM0.90 per RM100 marhun. Also offers gold buying/selling and gold storage (I-Simpan) services.
Quantifiable outcome
- Processing and approval of financing applications within 10 working days (for complete documentation), as stated in the Client Charter
- +4 more outcomes
Companies that use TEKUN Nasional
Customer profileSegments8 records
Ideal customer profiles6 records
TEKUN Nasional technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TEKUN Nasional partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Ministry of Entrepreneur Development (Kementerian Pembangunan Usahawan)core
- Ministry of Finance (Kementerian Kewangan Malaysia)core
- Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs)minor
- Perbadanan Usahawan Nasional Berhad (PUNB)minor
- Bank Islam Malaysia Berhad – Shariah Centre of Excellencecore
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
TEKUN Nasional competitors and assessment
Company assessmentRegional players
- Lembaga Tabung Haji (TH): Tabung Haji is a Malaysian government statutory body managing Islamic savings and pilgrimage funds for Muslims. While focused on haj rather than microfinance, it shares TEKUN's government ownership, Muslim Bumiputera focus, and Sharia-compliant financial services model.
Direct peers
- Bank Simpanan Nasional (BSN): BSN is a Malaysian government-owned bank providing savings and financing services with a focus on lower-income segments and micro-entrepreneurs. It shares TEKUN's domestic, retail, micro-SME focus and government ownership, and serves as TEKUNPAY repayment collection partner.
- SME Bank Malaysia: SME Bank is a government-owned development financial institution in Malaysia providing financing to small and medium enterprises, including micro-enterprises. It overlaps with TEKUN's SME and micro-SME financing focus, particularly in the Bumiputera segment.
- Agrobank (Bank Pertanian Malaysia Berhad): Agrobank is a Malaysian government-owned development bank providing Sharia-compliant financing primarily to agricultural and rural entrepreneurs. Like TEKUN, it serves underserved segments with Sharia-compliant products and operates a nationwide branch network.
- Amanah Ikhtiar Malaysia (AIM): Amanah Ikhtiar Malaysia is Malaysia's flagship microfinance institution providing interest-free loans to poor households, particularly in rural areas. Like TEKUN, it serves low-income, underserved entrepreneurs with group lending methodology (based on Grameen Bank model), making it the most direct comparable peer.
- Perbadanan Usahawan Nasional Berhad (PUNB): PUNB is a Malaysian government agency under the Ministry of Entrepreneur Development focused on developing Bumiputera entrepreneurs through financing, training, and advisory services. It is explicitly a peer institution to TEKUN with overlapping mandate and target segments.
Broad incumbents
- CIMB Bank Berhad: CIMB is one of Malaysia's largest universal banks with significant SME and Islamic banking offerings. It is a broad incumbent competitor in the micro-SME and Sharia-compliant financing space where TEKUN operates.
- Bank Islam Malaysia Berhad: Bank Islam Malaysia is the country's first and largest Sharia-compliant bank, providing a full suite of Islamic banking products. It is TEKUN's Sharia certification partner and represents a broad incumbent in the Sharia-compliant financing space where TEKUN also operates.
- Maybank (Malayan Banking Berhad): Maybank is Malaysia's largest bank with extensive micro-SME and Islamic banking products. It represents a broad incumbent in Malaysian financial services that competes with TEKUN for micro-entrepreneur customers, though serving a much wider market.
Emerging players
- Yayasan Pembangunan Ekonomi Islam Malaysia (YAPEIM): YAPEIM is a Malaysian government-linked foundation focused on Islamic economic development, including entrepreneur financing and welfare programs. It is comparable to TEKUN in its Sharia-compliant financing approach and government backing, though with broader welfare scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
TEKUN Nasional social profiles
Digital presenceTEKUN Nasional financial estimates
Financial estimateRevenue estimate
Valuation estimate
TEKUN Nasional leadership team
Management profileNumber of profiles
Profiles2 records
TEKUN Nasional funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TEKUN Nasional M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TEKUN Nasional
What does TEKUN Nasional do?
TEKUN Nasional is a Malaysian government micro-financing institution that provides Shariah-compliant capital financing to Bumiputera micro and small entrepreneurs across Malaysia. It offers a portfolio of individual, group, contract, and pawnbroking financing schemes ranging from RM1,000 to RM300,000 at 2-4% per annum profit rates, with no collateral or guarantor requirements. Supporting digital channels include the TEKUN Online web portal and the TEKUNPAY mobile application for applications and repayments.
Is TEKUN Nasional a public or private company?
TEKUN Nasional is a private company. It is classified as state government owned and is currently operating.
When was TEKUN Nasional founded?
TEKUN Nasional was founded in 1998. It employs 101 to 250 people.
Where is TEKUN Nasional based?
TEKUN Nasional is headquartered in Nibong Tebal, Malaysia, in the Asia region.
How does TEKUN Nasional make money?
Four revenue lines are on record. Micro-financing profit rates are the primary driver. The others are wakalah agency fees, ar Rahnu pawn services and takaful contributions (collected and remitted).
Who are TEKUN Nasional's main competitors?
Lembaga Tabung Haji (TH) is listed as a regional player. Direct peers are Bank Simpanan Nasional (BSN), SME Bank Malaysia, Agrobank (Bank Pertanian Malaysia Berhad), Amanah Ikhtiar Malaysia (AIM) and Perbadanan Usahawan Nasional Berhad (PUNB). Broad incumbents are CIMB Bank Berhad, Bank Islam Malaysia Berhad and Maybank (Malayan Banking Berhad). Yayasan Pembangunan Ekonomi Islam Malaysia (YAPEIM) is listed as an emerging player.
Does TEKUN Nasional have an API?
No public API is recorded for TEKUN Nasional.
What industry is TEKUN Nasional in?
TEKUN Nasional's product category is Islamic Microfinance. Its primary akta.pro industry code is FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 525 and its SIC code is 8300.