iTEKAD
Overview
A blended social-finance programme run by Islamic banks for B40 micro-entrepreneurs. It combines seed capital (funded by zakat, cash waqf, donations and social-impact investment) with microfinancing and structured business training to help low-income owners start and grow. Aimed at the bottom-40% income group; offered through participating Islamic banks and their implementation partners.
Who is eligible?
- Best for funding needs like: general.
What this grant covers
- General business growth — advisory, capacity building and operational improvements.
- Provided as financing you repay over an agreed term — not a free grant.
How to apply
- 1
Check you qualify
Confirm you meet the eligibility points above for this grant.
- 2
Get your documents ready
Prepare your documents — company or personal details, financials, and quotations or a proposal for what you want funded.
- 3
Apply through the official channel
Submit your application to BNM — iTEKAD; if approved, the financing is disbursed and repaid over an agreed term.
- 4
Keep records & claim
Keep receipts and reports, and submit claims or progress updates as the programme requires.
Ready to apply?
Applications are handled on the official BNM — iTEKAD portal.
Need a hand with this application?
Post what you need on the EquatorBiz Marketplace — consultants and service providers WhatsApp you directly. Free for businesses.
Frequently asked questions
Is iTEKAD still open?
It's currently listed as "Open". Intake windows can change at short notice, so always confirm on the official source before applying.
How much funding can I get?
Seed capital + microfinancing + training. The exact award depends on your project and the agency's assessment.
Do I need an SSM-registered business?
A formal SSM registration may not be strictly required, but it helps. Confirm the exact criteria on the official source.
Which businesses or sectors does it support?
It's broadly available across most sectors.
Who manages this grant?
It's administered by BNM / Islamic banks.
Not sure if you qualify?
Run a free eligibility check or ask EquatorBiz's advisor about this grant.
General information only — grant terms and intake windows change. Always confirm the latest details on the official portal before applying. Last verified by EquatorBiz on 26 Jul 2026.
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