Barakaat 2026: Ramadan Financing Support for Micro Businesses in Malaysia

As Ramadan approaches, many small traders and informal entrepreneurs prepare for higher demand. From food stalls and Ramadan bazaars to festive clothing and Raya essentials, this season often brings strong sales opportunities.

To support these business activities, Skim Biaya Ramadan Perniagaan Rakyat (BARAKAT) was introduced by TEKUN Nasional. The scheme offers short-term financing specifically for business activities during Ramadan and Aidilfitri. Applications for Skim BARAKAT begin on 1 February 2026.

If you are a small trader looking for extra capital to prepare for the festive season, here is everything you need to know.

What Is Skim BARAKAT

Skim BARAKAT is a special financing scheme created to help informal and micro entrepreneurs prepare for Ramadan business activities.

The programme is managed by TEKUN Nasional, a government agency that supports Bumiputera entrepreneurs with business financing.

This scheme focuses on helping traders who sell:

Food and drinks
Clothing and festive wear
Aidilfitri goods and related items

The financing can go up to RM30,000, depending on eligibility. Applications officially open on 1 February 2026.

About Skim Biaya Ramadan Perniagaan Rakyat (BARAKAT)

Skim BARAKAT is a special Ramadan financing initiative by TEKUN Nasional.

It is designed for:

Informal entrepreneurs
Micro entrepreneurs

You can apply whether you:

Have a business licence or SSM registration
Do not have a licence or SSM registration

The purpose of this scheme is to:

Reduce financial pressure during the festive season
Help traders manage short-term business needs
Provide capital for stock, supplies, and operating costs

This gives small traders the chance to plan their Ramadan sales more confidently.

Objective of the BARAKAT Scheme

The BARAKAT scheme aims to:

Help small traders prepare for higher Ramadan demand
Support income generation during Ramadan and Aidilfitri
Encourage better planning and more structured business operations

Many micro businesses operate on limited cash flow. Extra working capital during peak season can make a big difference in sales and profits.

Shariah Concept & Profit Rate

Skim BARAKAT uses the Tawarruq Shariah concept.

The profit rate charged is:

3% per year
Calculated based on the financing amount
Applied throughout the financing tenure

This makes it a relatively affordable option for short-term seasonal financing.

Financing Amount Available

The financing amount depends on whether the applicant has a valid licence or SSM registration.

According to TEKUN’s official information:

For Entrepreneurs Without Licence / SSM

Financing between RM1,000 to RM5,000

For Entrepreneurs With Licence / SSM

Financing between RM1,000 to RM30,000

The maximum financing limit under Skim BARAKAT is RM30,000.

This allows licensed businesses to access larger capital for stock purchases, rental, staffing, or festive inventory.

Who Is Eligible to Apply (Eligibility Criteria)

To apply for Skim BARAKAT, applicants must meet the following requirements:

Bumiputera and Malaysian citizen
Aged between 18 and 65 years
Not declared bankrupt
Business must be 100% Bumiputera-owned
Business must be Shariah-compliant
Must have a fixed location, operate mobile, or run online
Actively involved in the business (full-time or part-time)
Only one financing per household (unless businesses are separate and registered differently)

For informal businesses, applicants must provide business verification from:

MPUKP
JPKK / JPKKP
Village head / community leader (Sabah & Sarawak)
Night market or Ramadan bazaar organiser

Applicants must also provide bank statements for the business account.

Additional Conditions to Note

There are extra conditions for certain applicants:

Existing TEKUN borrowers may apply if they have no outstanding arrears
Existing financing plus BARAKAT financing must not exceed RM100,000
The new BARAKAT financing will be recorded as a separate account
Applicants without an existing business must provide a Ramadan bazaar permit or offer letter

No moratorium is offered under this scheme.

Types of Businesses Supported

Skim BARAKAT supports businesses involved in:

Food and beverage
Festive clothing
Raya accessories and equipment
Ramadan bazaar stalls
Night markets
Online businesses
Mobile traders

Both new and existing entrepreneurs can apply if they need additional capital for Ramadan activities

How to Apply for Skim BARAKAT

Applications must be made in person. Applicants need to visit the nearest TEKUN Nasional branch.

You can check the branch list here: https://www.tekun.gov.my/senarai-pejabat-cawangan/

It is advisable to prepare all required documents before visiting the branch.

Documents Required for Application

Applicants must prepare the following documents:

TEKUN Financing Application Form (BPP/BORANG/01)
Copy of applicant’s IC (and spouse if applicable)
Business licence / PBT permit / SSM registration

For informal businesses:

Business verification letter from the authorised local body
Night market or Ramadan bazaar permit (if applicable)

Additional documents:

Photos of business operations
Bank statements (savings or current account) for the last 3 months

Make sure all documents are complete to avoid delays.

Processing Time & Takaful Coverage

Approval is estimated within 5 working days, subject to terms and conditions.

The coverage Skim BARAKAT includes Group Financing Takaful coverage. Protection covers:

Death
Total and permanent disability

The takaful contribution will be deducted from the approved financing amount

FAQs

What is Skim BARAKAT by TEKUN Nasional?

Skim BARAKAT is a Ramadan financing scheme offering up to RM30,000 to informal and micro entrepreneurs for business activities during Ramadan and Aidilfitri.

Who is eligible to apply for BARAKAT?

Bumiputera Malaysian citizens aged 18–65 who operate Shariah-compliant micro or informal businesses and meet TEKUN’s requirements.

Do I need an SSM registration to apply?

No. Entrepreneurs without SSM or licence can still apply. However, the financing amount is limited to RM1,000–RM5,000.

What types of businesses are supported under BARAKAT?

Food and beverage, festive clothing, Aidilfitri goods, Ramadan bazaar stalls, night markets, mobile traders, and online businesses.

How long does approval take?

Approval is estimated within 5 working days, subject to terms and conditions.

Is the financing covered by takaful?

Yes. The scheme includes takaful protection for death and total permanent disability.

Where can I apply for Skim BARAKAT?

You must apply in person at the nearest TEKUN Nasional branch. The branch list is available on the official TEKUN website.

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