VENTURES
Shariah-Compliant Solutions, Built for Today
Shoraka Ventures provides financing origination and processing services for civil servants. With a versatile SPGA (Sistem Potongan Gaji Angkasa) code from Angkasa, SV partners with financial institutions without an SPGA code, managing their loan applications, disbursements, and monthly salary deductions through its code—allowing them to serve this market segment via SV.
PGA Access Enablement provides multi-use SPGA code that accommodates multiple financing product types—from loans to insurance deductions—giving partner institutions immediate access to the civil servant market. Third-Party Processing Capability allows Shoraka Ventures to act as a processor for banks, handling application processing, approvals, disbursements, and deductions via SV's SPGA code without the partner needing their own Angkasa relationship. The Proprietary Loan Management System streamlines application tracking and management for all stakeholders, creating operational efficiency and transparency throughout the financing lifecycle.
KEY VALUE PROPOSITIONS
SPGA ACCESS ENABLEMENT: Multi-use SPGA code that accommodates multiple financing product types — from loans to insurance deductions.
THIRD-PARTY PROCESSING CAPABILITY:
Acts as a third-party processor for banks, handling application processing, approvals, disbursements, and deductions via SV’s SPGA code.
PROPRIETARY LOAN MANAGEMENT SYSTEM:
Streamlines application tracking and management for all stakeholders.
CORE PLATFORM FEATURES
Digital Financing Origination & Processing Platform
Loan Application Management & Disbursement
Credit Risk Assessment
FAQ
Frequently Asked Questions
What is the SPGA system and how does Shoraka Ventures provide access to it?
The Sistem Potongan Gaji Angkasa (SPGA) is a salary deduction mechanism administered by Angkasa that enables automatic repayment of financing directly from civil servants' monthly salaries. Obtaining an SPGA code requires significant regulatory compliance and operational infrastructure. Shoraka Ventures has secured its own SPGA code through its joint venture with Angkasa, making this access available to partner financial institutions. Rather than each bank investing years in building their own Angkasa relationship, they can leverage Shoraka Ventures' existing infrastructure while maintaining control over their capital and credit policies.
What services does Shoraka Ventures provide as a third-party processor?
Shoraka Ventures offers end-to-end financing origination and processing services. The platform manages Loan Application Management and Disbursement, Credit Risk Assessment, and Payment Collection and Salary Deduction Management. Throughout the financing lifecycle, the proprietary Loan Management System provides transparency to both partner institutions and borrowers, with tracking of application status, disbursement details, repayment history, and portfolio performance.
Who can partner with Shoraka Ventures and what are the benefits?
Shoraka Ventures partners with financial institutions including Islamic banks, conventional banks, and financing companies that wish to serve the Malaysian civil servant market but lack SPGA access. Benefits include immediate market access without the multi-year process of securing independent SPGA code, operational efficiency through established systems, risk management capabilities, and regulatory compliance managed by a platform that understands Angkasa requirements.
Our Expertise
We specialise in consumer and business financing solutions through digital platforms. Our strength lies in transforming complex financial concepts into simple, scalable, and compliant solutions that are ready for the market.
Platform Highlights
End-to-end loan lifecycle administration
End-to-end loan lifecycle administration
Description: From initial application through final repayment, the platform manages every stage including verification of civil servant employment status, credit assessment, disbursement coordination, monthly collection processing, exception handling, and comprehensive reporting for partner oversight.
Fully digitised loan processing
End-to-end digital workflows eliminate paper-based processes, enabling faster application processing, automated verification, and seamless data flow between partners and the SPGA system. Civil servant applicants experience quick turnaround from submission to disbursement.
Integrated salary deduction management
Direct integration with the Angkasa SPGA system ensures accurate calculation of allowable deduction amounts, timely submission of monthly deduction instructions, automatic reconciliation of collections, and proper distribution to partner institutions without manual intervention.
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Pioneering Islamic Fintech & Financial Inclusion
Trusted Across the Islamic Finance Ecosystem
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Shariah Advisors
Our Shariah advisors provide independent oversight to ensure all our solutions adhere to established Shariah principles. With deep expertise in Islamic finance, they guide our structures and processes to uphold integrity, compliance, and trust.
ISRA CONSULTANCY
Ustaz Dr. Zaharuddin Abd Rahman
