The Islamic Skills Training Loan (PLK-i) is a Shariah-compliant financing scheme introduced by the Skills Development Fund Corporation (PTPK) as an alternative to conventional loans.
There are two categories of borrowers, namely:
- School leavers
- Employees seeking to undergo retraining or skills upgrading (reskilling/upskilling)
Among the loan elements:
- Maximum tuition fees
- Living allowance of RM600 per month
- Takaful (Islamic insurance coverage)
- MBOT (Malaysia Board of Technologists) registration fee
- Transportation allowance
- Laptop allowance