What is SPiKE?

  • SPiKE is a Express Contract Financing Scheme to provide short-term financing facilities to Bumiputera contractors in construction, supply, service and electricity contracts.

Who is eligible for the SPiKE scheme?

Basic Terms:

  • Malaysian citizen and Bumiputera aged 18 years and above
  • Have gained enough experience / knowledge in the ventured business
  • Operate a full-time business 
  • Engaged in a syariah compliance business 
  • Not a MARA blacklisted individual
  • Able to contribute own capital of not less than 10% of the project cost

Specific Terms:

  • Construction contractors must be in G1, G2, G3, G4 and G5 categories or previously known as Class F, E, D and C.
  • Contract awarders by:
    1. Government agencies
    2. Government linked companies (GLC)
    3. Public listed companies
  • The contract awarder and applicant should agree to sign the Deed of Assignment Letter and Letter of Consent for payment to be made to MARA

How do I apply?

  • Online application at myusahawan or apply at the nearest MARA District Office