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Corporate Taxation and Zakat Administration for SMEs
1. MAE3013
Corporate Taxation and Zakat Administration
NUR INTAN LYANA BT ISMAIL 1090088
ROSHIDAH BT MOHD RODZI 1090089
NUR LIYANA BT MAT ZAIN 1090090
NURUL HUSNA BT MOHD SALLEH 1090106
ZAIDA FARHANA BT MOHD SHALADDIN 1090115
2. MIDF
Incorporated on 30 March 1960
Purpose – Ensure access to financing
manufacturing-based small-and-medium
enterprises
– 2003, merged with Amanah Capital Partners Bhd
– 2004, acquire Utama Merchant Bank Bhd
– 2006, established MIDF Amanah Investment Bank
Bhd (MIDF Investment)
3. MIDF Investment
Established as a result of the integration of 4
subsidiaries of MIDF Group
Activities- investment banking-related services
(financial advisory, underwriting of equities
and debt instruments and etc.)
MIDF Development Finance Division
Activities- provides financing for
manufacturing-based and services-based
small and medium enterprises (conventional
and Shariah compliance)
4. Product- project, machinery, factory mortgage
and working capital term loans and etc. to
finance acquisition of machinery and
equipment, resolve credit and factoring for
working capital purposes.
MIDF Amanah Asset Management Bhd
(MIDF Amanah)
Activities- provides fund management
services to statutory bodies, private pension
funds and etc.
6. HISTORY
• MIDF was incorporated on 30 March 1960. It
is the first and only development finance
institution in Malaysia who is listed in the
Bursa Malaysia. Its objective is to promote the
development of the manufacturing industry in
Malaysia through the provision of medium
and long-term loans.
7. PROFILE
• MIDF has many diverse and deep experiences in
financial service industry. Its main incorporation
purpose is to ensure access to financing for
manufacturing-based small and medium
enterprises (SMEs). In 2003, MIDF had merged
with Amanah Capital Partners Berhad. MIDF also
had acquisited Utama Merchant Bank Berhad
(MIDF Investment). In 2006, MIDF Amanah
Investment Bank Berhad (MIDF Investment) is
established. MIDF’s core business areas are
investment banking, development finance and
asset management.
8. BOARD OF DIRECTORS
Y.Bhg. Tan Sri Dato’
Y.Bhg. Dato’
Y.Bhg. Tan Sri Dato’ Ir. (Dr) Wan Abdul
Kalsom binti Abd.
Mahmood bin Taib Rahman bin Haji
Rahman
Wan Ya’acob
Ir. Dr. Haji
Puan Zaiton binti Encik Sharkawi bin
Muhamad Fuad
Mohd. Hassan Alis
bin Abdullah
Y.Bhg. Datuk
Encik Wan Roshdi
Mohd. Najib bin Hj.
bin Wan Musa
Abdullah
9. SHARI’AH COMMITTEE MEMBERS
Ir. Dr. Hj. Muhamad Fuad bin Abdullah
Dr. Mohamed Fairooz bin Abdul Khir
Dato’ Haji Muhamad Asri bin Haji
Abdullah
10. GROUP MANAGEMENT COMMITTEE
Name Position
Y. Bhg. Datuk Mohd Najib Hj. Abdullah Group Managing Director
Y. Bhg. Dato’ Megat Hisham Megat Head of Investment Banking Division
Mahmud
Encik Scott Lim Kok Seng Head of Asset Management Division
Encik Nik Izani Nik Muhamad Head of Development Finance Division
Encik Parthasarathy a/l B.S Narayanan Chief Risk Officer of Investment Banking
Division
Encik Azizi Mustafa Chief Operating Officer
Encik Foo Wei Hoong Chief Financial Officer
Puan Shahnaz Radhiah Zulkifli Head of Group Secretarial and
Legal/Company Secretary
Encik Ahmad Rafidi Harun Head of Group Control Assurance Services
11. ROLES OF MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE(MIDF)
Development
Investment finance
Banking -MIDF Asset
-MIDF Amanah Development management
Investment Finance Division MIDF Amanah
Bank Berhad Asset
Management
Berhad (MIDF
Amanah)
3 DIVISION
12. Is the result of the integration of 4 subsidiaries of MIDF
Investment Banking
group
-MIDF Amanah •Responsibilities:
Investment Bank 1.To deliver value-added advisory and structuring solutions
Berhad to companies, institutions and government agencies in areas
such as mergers and acquisitions and restructuring.
2. To be involved in identifying and originating
deals, maintaining client relationship, assisting the execution
process of mandated deals.
3. To design and provide fund-raising strategies in the debt
and equity capital markets.
Development
to promotes the development of the industrial
finance
sector in Malaysia through the provision of
-MIDF
financing for manufacturing-based and services-
Development
based small and medium enterprise
Finance Division
13. • Asset management
• MIDF Amanah Asset
Management Berhad
(MIDF Amanah)
1.To provides fund management services
2. To provides its services to individuals, institutional
investors, and corporations
3.To employs a fundamental analysis with a top-down and a
bottom-up stock picking approach to create its portfolios
14. DEVELOPMENT
MIDF have provided soft loan schemes. The
available schemes from MIDF are:
• Soft Loan Scheme for Small & Medium Enterprises
(SLSME)
• Soft Loan Scheme for Automation & Modernisation
(SLSAM)
• Soft Loan Scheme for Automotive Development
(SLSAD)
15. Soft Loan Scheme for Small & Medium
Enterprises (SLSME)
• The SLSME was launched in December 2001 to
promote the development of small and medium
enterprises in Malaysia. This Scheme assists
existing as well as newly start-up enterprises in
fixed assets, IT software/hardware and working
capital financing.
• The fund for this Scheme is channeled by the
Government of Malaysia via SME Corporation
Malaysia to MIDF for the implementation of the
Scheme.
16. Soft Loan Scheme for Automation &
Modernisation (SLSAM)
• The SLSAM was launched in February 2007 to:
i) encourage industries to modernize and automate their
manufacturing processes;
ii) upgrade production capability and capacity; and
iii) assist companies in:-
– minimizing dependence on labour-intensive activities and foreign
labour;
– diversifying into higher value-added activities; and
– rationalizing and streamlining their operations through mergers and
acquisitions.
• The fund for this Scheme is channeled by the Government of
Malaysia via the Ministry of International Trade and Industry (MITI)
to MIDF for the implementation of the Scheme.
17. Soft Loan Scheme for Automotive
Development (SLSAD)
• The SLSAD was launched in February 2007 to:-
i) encourage automotive parts and components manufacturers to
rationalize their operations; and,
ii) assists companies in:-
– tooling acquisition, development and production;
– productivity improvement; and,
– enhancing export performance.
• The fund for this Scheme is channeled by the Government of
Malaysia via the Ministry of International Trade And Industry (MITI)
to MIDF for the implementation of the Scheme.
18. MIDF 2011
Achievement
MIDF have completed many deals with other companies. They are :
AWC BERHAD, IDEAL JACOBS , SEAL INCORPORATED BERHAD, MITRAJAYA
HOLDINGS BERHAD, HAISAN RESOURCES BERHAD,THE MEDIA SHOPPE
BERHAD, and C.I. HOLDINGS BERHAD
Some of their roles in the dealings made are as:
• Adviser
• Independent Adviser
• Sponsor
• Sole Underwriter
• Sole Placement Agent
• Principal Adviser
• Lead Arranger
• Facility Agent
19. Incentives for Automotive Parts &
Component Manufactures
• Investments tax allowance- 60% on the
qualifying capital expenditure incurred within
five years from the date the first capital
expenditure is incurred.
• Can be offset against 100% of the statutory
income each year of assessment.
• Any unutilized allowances can be carried
forward to subsequent years until fully
utilized.
20. Soft Loans Scheme for Automotive
Development
Criteria Revision
Percentage of Financing Up to 90% of eligible expenses
Up to 7 years including grace period up to
Repayment tenure 2 years
2% annually based on annual balances for
Interest rate SMEs
3% annually based on annual balances for
non-SMEs
21. Conclusion
MIDF was incorporated with the objective to promote the development of
the manufacturing industry in Malaysia through the provision of medium
and long-term loans.
MIDF achieved its ambition to become a leading financial services provider
in three core business areas :
Investment Development Assets
Banking Finance Management
Provides fund
Promotes the provision
management services to
Provides financial of financing for
statutory bodies, private
advisory, underwriting manufacturing-based
pension
and services-based
of equities and debt funds, insurance
small and medium
instruments, treasury companies, state
enterprises which
activities and equity government-related
includes conventional
brokerage services. funds, charities and
and Shari’ah-compliant
foundations, and
financing.
corporations.