BusinessFinancing-i: Shariah-Compliant Financing for Your Business

BusinessFinancing-i is a Shariah-compliant working capital financing facility designed for eligible TikTok Shop sellers in Malaysia.
With BusinessFinancing-i, eligible sellers can access financing of up to RM120,000 directly through TikTok Shop Seller Center to support their business needs—from improving cash flow and restocking inventory to preparing for sales campaigns and growing their business.

What is BusinessFinancing-i?

BusinessFinancing-i is a Shariah-compliant financing product structured based on the Tawarruq concept. The Shariah structure is facilitated through an approved commodity trading platform operated by Sedania.
The facility is currently available to selected local TikTok Shop sellers in Malaysia. Cross-border sellers are currently not eligible.
Your available financing amount, if eligible, will be displayed directly in TikTok Shop Seller Center.

Why Use BusinessFinancing-i?

BusinessFinancing-i provides eligible sellers with convenient access to additional working capital through TikTok Shop Seller Center.
Key benefits include:

• Financing up to RM120,000 based on your available financing limit
• Simple application through TikTok Shop Seller Center
• Fast disbursement, with funds received maximum 3 working days
• Flexible tenure of up to 6 months
• Multiple withdrawals within your approved financing limit, subject to eligibility
• Convenient repayment through available payment channels

How to Apply for BusinessFinancing-i

You can access BusinessFinancing-i through the TikTok Shop Seller Center app.

Step 1: Access BusinessFinancing-i

Go to:
Seller Center > TikTok Shop Capital > BusinessFinancing-i
Select Activate Now to begin your application.

Step 2: Complete Identity Verification

Complete the required identity verification by:

1. Uploading the front and back of your Identification Card (MyKad)
2. Providing the additional information requested
3. Completing facial verification

Step 3: Review and Submit Your Application

Check that all the information provided is accurate, then submit your application for review.
Once your application has been approved, your available financing amount will be displayed in BusinessFinancing-i.

How to Withdraw Financing

Once BusinessFinancing-i has been activated and you have an available financing limit, you can make a withdrawal through Seller Center.

Step 1: Start a Withdrawal

Go to the BusinessFinancing-i dashboard and select Withdraw Now.

Step 2: Select Amount and Tenure

Enter your preferred financing amount and select the financing tenure.
The minimum financing amount for each withdrawal is RM200.

Step 3: Review Your Payment Schedule

Review the payment schedule, including your instalment amounts and due dates, before proceeding.
The applicable profit rate is fixed throughout your selected financing tenure.

Step 4: Review the Financing Agreement

Read and agree to the financing agreement before continuing.
You will then complete the required Tawarruq transaction and sign the financing agreement.

Step 5: Confirm Your Withdrawal

Enter the verification code (OTP) to confirm your withdrawal.
Once the process is completed, the financing amount, after applicable fees and charges, will be disbursed to your registered bank account.

Fees and Charges

The amount received in your bank account may be lower than your financing amount because applicable fees and charges are deducted before disbursement.
The applicable charges include:

• Processing Fee (Wakalah Fee): RM5
• Stamp Duty: 0.5% of the financing amount, subject to a minimum charge of RM10

Example

If your financing amount is RM20,000:

• Financing amount: RM20,000
• Stamp Duty: RM20,000 × 0.5% = RM100
• Processing Fee (Wakalah Fee): RM5
• Net amount disbursed: RM19,895

Can I Make Multiple Withdrawals?

Yes. BusinessFinancing-i is a revolving financing facility, which means you may make multiple withdrawals within your available financing limit.
Multiple withdrawals are allowed provided that:

1. Your total withdrawals do not exceed your available financing limit; and
2. You do not have any overdue payments.

How to Repay Your Financing

Monthly instalments can be paid through the available payment channels displayed during the repayment process.
Currently available payment channels include:

• Boost
• DuitNow QR
• Internet Banking

Additional payment channels, such as GrabPay, Touch 'n Go eWallet, and Debit Cards, may be made available in the future.

How to Make a Repayment

1. Go to the BusinessFinancing-i homepage in Seller Center.
2. Select your financing account.
3. Select Pay Now.
4. Choose your preferred payment method.
5. Confirm your payment.

When Is My Repayment Due?

Your repayment due date will fall on the same date each month.
For example, if you withdraw financing on 12 June with a 6-month tenure, your instalment due dates will be:
12 July → 12 August → 12 September → 12 October → 12 November → 12 December
You can check your applicable payment schedule and due dates directly from your BusinessFinancing-i account.

What Happens If I Miss a Repayment?

Sellers are encouraged to make repayments on time to maintain a good repayment record. A good repayment history may be considered in future reviews of your available financing amount, profit rate, and financing tenure.
If payment is not made by the due date, a late payment charge of 8% per annum will be imposed on the overdue outstanding amount, including principal and profit, calculated on a daily basis.
A grace period of up to 2 calendar days may apply, where available. Please refer to your BusinessFinancing-i account for the applicable payment due date, grace period, and late payment charges.

Managing Your BusinessFinancing-i Account

Where can I find my Financing ID?

Go to:
BusinessFinancing-i Homepage > Current Financing > Select Financing Account > Financing Details
Your Financing ID will be displayed on the Financing Details page.

Where can I find my financing agreement?

Your signed financing agreement and stamp duty certificate can be downloaded from the Financing Details page.
Please note that the stamp duty certificate will only become available after the stamping process has been completed.

Can I update my personal information?

Personal details, such as your full name or address, cannot be edited after your application has been submitted.
If you need to update your information, please contact Customer Service for assistance.

Need Help?

If you need assistance with BusinessFinancing-i, please contact Customer Service through the TikTok Shop Seller Center Help Center or other available support channels.