Koperasi UTM Berhad (KUTMB)

Discover the gateway to financial empowerment with Koperasi UTM Berhad (KUTMB). As your trusted cooperative partner, we offer a range of innovative financial solutions tailored to meet your needs. Whether you’re seeking assistance through welfare loans, express financing, or Sharia-compliant Tawarruq financing, KUTMB is here to support you every step of the way. Join us today and embark on a journey towards financial security and prosperity.

About Koperasi UTM (KUTMB)

Mission

At Koperasi UTM Berhad (KUTMB), our mission is clear: to instill a spirit of cooperation, loyalty, and responsibility among our members. We believe that by fostering these values, our members can lead productive, cheerful, and caring lives that positively impact universal well-being.

Motto

Our motto, “Teguh Cooperative, Prosperous Member,” reflects our commitment to building a strong and resilient cooperative where each member can thrive and prosper.

Philosophy

Our philosophy is rooted in the belief that the cooperative movement should be purified to maximize benefits for members and society. We adhere to cooperative values and principles, striving to align our actions with the pleasure of Allah s.w.t.

Vision

Our vision is ambitious yet achievable: to make Koperasi UTM Berhad (KUTMB) a reference cooperative that sets the standard for excellence in the industry. We aspire to be a beacon of innovation, integrity, and service to our members and the community.

Strategic Focus

1. Increasing Sales of Goods and Services: We are dedicated to expanding the types and number of goods and services offered to our members, campus residents, and the general public. By meeting diverse needs, we aim to enhance satisfaction and engagement.
2. Maximizing Financial Returns for Members: We strive to provide our members with optimal financial returns in the form of dividends, bonuses, rebates, and discounts. Our goal is to ensure that members receive satisfactory rates of return on their investments in the cooperative.
3. Enhancing Welfare Coverage: We are committed to increasing the benefits of free khairat/insurance welfare coverage for our members and their families. By enhancing welfare coverage, we aim to provide greater peace of mind and security to our members.
4. Stimulating Economic Activities: We seek to enhance property development and business projects to stimulate economic activities for cooperatives and the country. Through strategic investments and partnerships, we aim to contribute to economic growth and development.
5. Preserving Family Well-being: We recognize the importance of preserving and enhancing the well-being and harmony of the university’s staff and their families. We are committed to transferring responsibility to ensure that families are supported and thriving.

At Koperasi UTM Berhad (KUTMB), we are driven by a commitment to excellence, integrity, and service. Join us on our journey to build a stronger, more prosperous cooperative for the benefit of all.

Personal Financing

Koperasi UTM Berhad (KUTMB) offers welfare and personal financing solutions to meet the diverse financial needs of our members. Through our cooperative, financial assistance is provided via al-Qard and At-Tawarruq loan methods.

Al-Qard Financing

Al-Qard financing is a form of interest-free loan provided by Koperasi UTM Berhad (KUTMB) to our members in times of need. This Sharia-compliant financing method allows members to borrow funds without incurring interest charges, promoting financial inclusivity and social welfare within our cooperative community.

At Koperasi UTM Berhad (KUTMB), we understand that unforeseen circumstances or emergencies may arise, requiring immediate financial assistance. To address such situations, we offer a welfare loan, also known as Al-Qard, designed to provide timely financial support to our members.

Understanding Al-Qard

Al-Qard is a loan scheme implemented by KUTMB to offer financial assistance to members facing emergencies or reasonable matters. The concept is based on “Qardhul Hassan,” where a specified amount of money is provided to the member, who is required to repay the same amount within a predetermined period.

Loan Details

• Maximum Loan Amount: RM2,000.00 (subject to eligibility)
• Repayment Method: Repayment is facilitated through salary deductions, with an installment of RM181.82 per month.
• Maximum Repayment Period: 11 months
• Processing Fee: A nominal fee of RM70.00 is charged to successful applicants, payable either in cash or deducted from the loan amount.

Terms and Conditions

To avail of the welfare loan (Al-Qard), members must adhere to the following terms and conditions:

• Membership Requirement: Applicants must be registered members of Koperasi UTM Berhad (KUTMB).
• Salary Deduction Limit: The total salary deductions, including previous loan deductions, must not exceed 60% of the member’s salary.
• Loan Balance: Members with outstanding balances from previous welfare financing are ineligible to apply for a new loan.
• Share Capital Requirement: Members must maintain a minimum total share capital of RM1000.00.

Application Procedure

Applying for the welfare loan (Al-Qard) at KUTMB is a simple process:

1. Obtain Application Form: Visit the Koperasi UTM Berhad – KUTMB office to obtain the loan application form.
2. Complete Application: Fill out the application form and attach the required documents, including a copy of the applicant’s Identity Card, the latest Salary Statement (without guarantor), and any relevant supporting documents.
3. Submit Documents: Submit the completed application form and attached documents to the nearest Koperasi UTM Berhad – KUTMB office for processing.

At Koperasi UTM Berhad (KUTMB), we are committed to providing accessible and timely financial assistance to our members through our welfare loan (Al-Qard) scheme. Contact us today to learn more about our loan offerings and how we can support you in times of need.

At-Tawarruq Financing

At-Tawarruq financing, also known as commodity murabahah, is another Islamic financing option available to KUTMB members. In this arrangement, the cooperative purchases a commodity at a deferred price and sells it to the member at a higher price on a deferred payment basis. This method provides access to funds while adhering to Islamic principles of finance.

Tawarruq financing allows qualified members to access funds ranging from a minimum of RM3,000.00 to a maximum of RM150,000.00, subject to eligibility criteria and approval. The financing is structured with a fixed profit rate of 6.2% per annum, providing transparency and predictability for borrowers.

Key Features

• Loan Amount: RM3,000.00 to RM150,000.00
• Profit Rate: Fixed at 6.2% per annum (subject to change at the discretion of KUTMB)
• Repayment Period: Up to 120 months or 10 years
• Payment Method: Repayment is facilitated through salary deductions, ensuring convenience and ease of repayment for members.

Terms and Conditions

To qualify for Tawarruq financing, members must meet the following eligibility criteria:

• Membership Requirement: Applicants must be registered members of Koperasi UTM Berhad (KUTMB) with a prescribed number of shares (RM1,000.00).
• Employment Status: Applicants must hold a permanent post and confirmed position.
• Salary Deduction Limit: The total salary deductions, including existing loan deductions, must not exceed 60% of the member’s salary. Additionally, the Debit Service Ratio (DSR) must not exceed 50%.

Application Procedure

Applying for Tawarruq financing at KUTMB is a straightforward process:

1. Complete Application Form: Obtain the application form from the Koperasi UTM Berhad (KUTMB) office and fill it out accurately.
2. Submit Required Documents: Prepare and submit the necessary documents, including a copy of the applicant’s and guarantor’s identity card (if available), latest salary slip of the applicant and guarantor (if applicable), and any other supporting documents as required.
3. Review and Approval: The Financing Unit at KUTMB will review the application and contact the borrower for further action upon approval.

At Koperasi UTM Berhad (KUTMB), we strive to provide accessible and Sharia-compliant financing solutions to our members. Contact us today to learn more about our Tawarruq financing options and how we can assist you in achieving your financial goals.

Express Loan

Koperasi UTM Berhad (KUTMB) understands that members may encounter unexpected financial needs or emergencies requiring immediate assistance. In response to such situations, we offer the Express Loan, designed to provide swift financial support to our members.

The Express Loan is a financial assistance scheme provided by KUTMB to members facing emergencies or reasonable matters. This loan aims to offer quick access to funds, allowing members to address their urgent financial needs without delay.

Loan Details

• Maximum Loan Amount: RM1,000.00
• Repayment Method: Repayment is facilitated through salary deductions, with an installment of RM107.00 per month.
• Maximum Tenure: 10 months
• Loan Scheme: The Express Loan operates under the “Qardhul Hassan” method, where members borrow a specified amount and are required to repay the same amount within a predetermined period.

Processing Fee

Successful applicants for the Express Loan are charged a nominal processing fee of RM70.00. This fee is deducted from the loan amount, ensuring transparency and affordability for our members.

Terms and Conditions

To avail of the Express Loan, members must comply with the following terms and conditions:

• Membership Requirement: Applicants must be registered members of Koperasi UTM Berhad (KUTMB).
• Salary Deduction Limit: The total salary deductions, including previous loan deductions, must not exceed 70% of the member’s salary.
• Share Capital Requirement: Members must maintain a minimum total share capital of RM1000.00.

Application Procedure

Applying for the Express Loan at KUTMB is a straightforward process:

1. Obtain Application Form: Visit the Koperasi UTM Berhad – KUTMB office to obtain the loan application form.
2. Complete Application: Fill out the application form and attach the required documents, including a copy of the applicant’s Identity Card, the latest Salary Statement (without guarantor), and any relevant supporting documents.
3. Submit Documents: Submit the completed application form and attached documents to the nearest Koperasi UTM Berhad – KUTMB office for processing.

At Koperasi UTM Berhad (KUTMB), we are committed to providing accessible and timely financial assistance to our members through our Express Loan scheme. Contact us today to learn more about our loan offerings and how we can support you in times of need.

How to Apply

Applying for welfare and personal financing at Koperasi UTM Berhad (KUTMB) is simple and straightforward. Members can visit our office or website to obtain the necessary application forms and submit them along with the required documentation. Our dedicated team will assess each application promptly and provide assistance tailored to the individual needs of our members.

Welfare

Benefits of Welfare

• Interest-Free Loans: Both al-Qard and At-Tawarruq financing options offered by KUTMB are interest-free, ensuring financial assistance without the burden of interest charges.
• Sharia-Compliant: Our financing solutions are Sharia-compliant, aligning with Islamic principles of finance and ensuring ethical lending practices.
• Flexible Repayment Terms: We offer flexible repayment terms to accommodate the financial circumstances of our members, making it easier to manage repayments without undue financial strain.
• Social Welfare: By providing welfare and personal financing options, Koperasi UTM Berhad (KUTMB) contributes to the social welfare and financial well-being of our members, fostering a sense of community and mutual support.

At Koperasi UTM Berhad (KUTMB), we are committed to providing accessible and ethical financial solutions to our members. Through our welfare and personal financing options, we aim to empower our members to achieve their financial goals and aspirations while upholding the values of cooperation and social responsibility.

Contact Koperasi UTM Berhad (KUTMB)

Koperasi UTM Berhad (KUTMB)
16, Jalan Besi 2
Taman Sri Putri
81300 Skudai, Johor

Tel: 07-556 3521 / 07-557 4922 / 07-558 5719/ 07-554 3180
Fax: 07 – 556 9244

E-Mail: kutmb@utm.my