12-month certificate
Issued for 12 months and renewable yearly.
Trade Credit Takaful (TCT) by EXIM Bank protects your business against the risk of non-payment by local and overseas buyers — insolvency, default and political risk — the Shariah-compliant way. Caliph Group helps you apply and manage it, A–Z.
When you sell goods or services on credit, you carry the risk that the buyer simply doesn't pay. Trade Credit Takaful (TCT) — offered by the Export-Import Bank of Malaysia (EXIM Bank) — assures payment for your export, domestic and import trade through Takaful claims when a covered buyer defaults.
EXIM Bank is the only bank in Malaysia offering trade credit takaful, and a Development Financial Institution rated RAM AAA / Moody's A3. The model is built on the Shariah contracts of Wakalah and Mudarabah, applying the concepts of Tabarru' and Qard.
Whether you sell abroad or at home, there's a TCT cover for it.
Protects against the risk of non-payment by overseas buyers — commercial risk up to 90%, political & country risk up to 95%.
Protects against non-payment by local buyers on credit terms — insolvency and protracted default, up to 90% of loss.
Protects against default or non-payment by domestic buyers arising from the import of strategic goods, up to 90% of loss.
Clear cover for the risks that matter — with the usual exclusions spelled out.
Simple, annual cover that flexes with your trade.
Issued for 12 months and renewable yearly.
Covers credit terms up to 180 days per transaction.
ILC, Documents Against Payment (DP), Documents Against Acceptance (DA) and Open Account (OA).
Commercial risk up to 90%, political & country risk up to 95% — no threshold or deductible.
Use the certificate as security to unlock trade financing.
Include new buyers during the 12-month policy period as your trade grows.
Your contribution is a small percentage of the turnover you protect — based on your buyers, markets and trade experience.
| Item | Amount |
|---|---|
| Contribution rate — Export | 0.20% – 0.90% of turnover |
| Contribution rate — Domestic | 0.15% – 0.70% of turnover |
| Credit Limit Application (CLA) — Export | RM250 per buyer |
| Credit Limit Application (CLA) — Domestic | RM50 per buyer |
| Initial fee / Renewal fee | RM250 / RM100 (waived for SMEs) |
| Wakalah fee | 35% of contribution |
Contribution depends on your terms of payment, market grading, trading and claim experience, and whether you take a whole-turnover or selective policy. To start, charges are based on the estimated turnover of all covered buyers; at year-end, they're adjusted to your actual turnover. Figures are a guide — your Relationship Manager confirms the final quote.
TCT helps you grow with confidence — and comes with real advantages.
Contributions paid on an export policy qualify for double tax deduction — pay RM60,000, deduct up to RM120,000.
Venture into new and unfamiliar markets and sell more on credit terms, with your receivables protected.
EXIM screens your buyers and clients — fewer late payments, and assistance with debt recovery.
Protected even if a buyer refuses delivery of goods shipped in accordance with the contract.
90–95% indemnity with no threshold limit or deductible amount applied.
Minimum contribution is refundable, based on the refund matrix and EXIM Bank's discretion.
Malaysia Maju Sdn Bhd exports RM2 million of electronics to a US buyer. The buyer goes bankrupt and can't pay — but TCT covers 90% of the loss, and the company avoids financial disaster.
Four straightforward steps — with Caliph Group guiding you throughout.
Submit your company profile and each buyer's details — name, registration, credit limit, terms and trade history.
EXIM runs a risk assessment on each buyer (CLA fee applies) and sets a credit limit for each.
Pay your contribution and receive your certificate with approved credit limits to trade against.
Trade with confidence — and if a covered buyer doesn't pay, submit a claim for up to 90–95% of the loss.
Under the Malaysia Global Connect (MGC) initiative in Budget 2026, eligible exporters can claim up to 30% of their total takaful contribution — or RM25,000 per participant, whichever is lower — covering CLA fees and TCT (Export) contributions. Running 1 January to 31 December 2026, for 200 Malaysian exporters. Ask us if you qualify.
Trade Credit Takaful is a product of EXIM Bank — and Caliph Group helps Malaysian business owners understand it, structure the right cover, and get connected to EXIM's team. From your first enquiry to an issued certificate, we make protecting your receivables simple.
Trade Credit Takaful (TCT) is a Shariah-compliant product of the Export-Import Bank of Malaysia Berhad (EXIM Bank). Caliph Group helps introduce and facilitate applications; it is not the product provider. Coverage percentages, risks, contributions, fees, eligibility and incentives are summarised for general guidance and are subject to the full terms, the Product Disclosure Sheet and EXIM Bank's assessment and approval. Product information reflects EXIM Bank materials current as at the 2023 PDS and Budget 2026 announcement, and may change. This page is not a contract or an offer of takaful/insurance. Read the Takaful Certificate and discuss with a Relationship Manager before deciding.