Malaysia Securities Commission reports MyCIF has reached MYR 1.19 billion in co-investments and sets out Budget 2025 Islamic risk-sharing incentives

The Malaysia Securities Commission highlighted findings from the Malaysia Co-Investment Fund (MyCIF) Annual Performance Report 2024, reporting that MyCIF has exceeded MYR 1 billion in total co-investments since inception, with MYR 1.19 billion reached as of end-2024. The programme, established by the Ministry of Finance under Budget 2019, channels funding to micro, small and medium enterprises (MSMEs) through equity crowdfunding and peer-to-peer financing platforms and has supported more than 9,500 MSMEs. The report shows MYR 264 million was invested in 2024 and that MyCIF attracted 4.1 times in private sector funding for every ringgit invested, alongside a 21.4% increase in total private investment. Cumulative co-investments of MYR 1.19 billion were described as 4.6 times the MYR 260 million in government funds disbursed to date. Beyond the general 1:4 co-investment scheme, targeted Food Security and Environmental and Social Enterprise schemes with a preferential 1:2 ratio recorded co-investments of MYR 7 million in 2024, up from MYR 3.4 million in 2023; an Environmental and Social Impact Scheme launched in July 2024 also extends to MSMEs financing Waqf asset development projects in specified focus areas. Under Budget 2025, MyCIF earmarked up to MYR 40 million to promote Islamic risk-sharing financing via equity crowdfunding and peer-to-peer platforms, including first-loss investments for campaigns using Musharakah and Mudharabah models and, for peer-to-peer campaigns, additional investment at a 0% financing rate. MyCIF also scheduled its next nationwide roadshow for Kota Kinabalu on 31 July 2025.