MyCIF surpasses $240 M co-investment milestone, propelling Malaysia’s MSME expansion
According to official data released on Monday, the Malaysia Co-Investment Fund (MyCIF) has made more than MYR 1 billion ($240 million) in total co-investments since its launch, marking a significant milestone in assisting the expansion of MSMEs in the nation.
According to MyCIF’s Annual Performance Report 2024, which was made public that day, the total amount of co-investments as of the end of 2024 was MYR 1.19 billion ($280 million), with MYR 264 million ($62.33 million) invested in 2024 alone.
For every ringgit invested, it has drawn 4.1 times as much private sector funding, indicating a significant crowding-in effect. The total amount of private investment increased by 21.4% as a result.
MyCIF has made MYR 1.19 billion ($280 million) in co-investments, which is 4.6 times the total amount of MYR 260 million ($61.39 million) that the government has so far contributed to the program. This shows that public funds are being used effectively.
Established by the Ministry of Finance in Budget 2019, MyCIF has played a significant role in the financing environment by directing funds into MSMEs through peer-to-peer (P2P) financing platforms and equity crowdfunding (ECF).
Over 9,500 MSMEs have profited from MyCIF’s co-investments since its founding.
MyCIF stated that it continues to support strategic and underserved sectors of the economy through targeted schemes in addition to the General Scheme 1:4 co-investment.
Food security and environmental and social enterprise schemes with a preferred 1:2 co-investment ratio are two examples.
With MyCIF’s increased dedication to specific investment areas, co-investments in these segments increased from MYR 3.4 million ($80,000) in 2023 to MYR 7 million ($1.65 million) in 2024.
Up to MYR 40 million ($9.44 million) has been set aside by MyCIF under Budget 2025 to support creative Islamic risk-sharing financing via P2P and ECF platforms.
In order to promote broader adoption of Islamic financing structures (Musharakah and Mudharabah concepts), this allocation supplements current MyCIF schemes and provides the following incentives:
Based on Islamic risk-sharing models, MyCIF will invest in ECF and P2P campaigns on a first-loss basis. In addition, MyCIF will finance P2P campaigns at a financing rate of 0%.
The Environmental & Social Impact Scheme was launched by MyCIF in July 2024 to assist impact-driven companies in the fields of healthcare, education, food security, the environment, and the community.
Within these focus areas, MSMEs can also use the program to finance Waqf asset development projects.
In February 2025, MyCIF held its first Nationwide Roadshow in Penang with the theme “Empowering Financing, Advancing Growth” to raise awareness and improve access to financing.
