Kuala lumpur: The Malaysia Co-Investment Fund (MyCIF) has reached a significant milestone, with total co-investments amounting to RM1.19 billion as of the end of 2024 since its inception. This includes RM264 million invested in 2024 alone.

According to BERNAMA News Agency, MyCIF has successfully attracted 4.1 times in private sector funding for every ringgit invested. This demonstrates a strong crowding-in effect, which has led to a 21.4 percent increase in total private investment. “The RM1.19 billion in total co-investments by MyCIF represent 4.6 times the RM260 million in total funds disbursed by the government to date into the programme, demonstrating efficient use of public funds,” the agency reported.

Established by the Ministry of Finance (MoF) under Budget 2019, MyCIF has played a crucial role in the financing landscape by utilising equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms to channel funds into micro, small, and medium enterprises. In addition to the general scheme 1:4 co-investment, MyCIF continues to support strategic and underserved segments of the economy through targeted schemes, including food security and environmental and social enterprise initiatives with a preferential 1:2 co-investment ratio.

Co-investments in these segments increased to RM7 million in 2024 from RM3.4 million in 2023, reflecting MyCIF’s strengthened commitment to targeted investment areas. Under Budget 2025, MyCIF has earmarked up to RM40 million to promote innovative Islamic risk-sharing financing through ECF and P2P platforms.

“This allocation complements existing MyCIF schemes and aims to encourage wider adoption of Islamic financing structures, based on Musharakah and Mudharabah concepts. It will do so by investing on a first-loss basis in ECF and P2P campaigns grounded in Islamic risk-sharing models, and additionally by offering zero percent financing rates for selected P2P campaigns,” added the report.