Financing Origination &
Processing System
We give financial institutions instant access to Malaysia's civil servant market — without the years of regulatory groundwork.
Three pillars that open the civil servant market
Shoraka Ventures holds a versatile SPGA code from Angkasa — making it a ready-made infrastructure partner for any institution looking to serve government employees.
SPGA Access Enablement
A single multi-use code covering loans, insurance, and other deduction types — giving partners immediate market entry without years of Angkasa onboarding.
Third-Party Processing
We act as the full processor — handling applications, approvals, disbursements, and salary deductions via our SPGA code. Your capital, our infrastructure.
Proprietary Loan Management
A purpose-built system that tracks every stage — from application to final repayment — with real-time transparency for both partners and borrowers.
How It Works
From application to salary deduction — handled
Platform Features
Loan Application Management End-to-end digital workflows from submission through disbursement with automated civil servant status verification.
Credit Risk Assessment Built-in risk scoring calibrated to the civil servant segment's unique repayment profile.
Integrated Salary Deduction Direct SPGA integration ensures accurate, timely, and automatically reconciled collections every month.
Partner Reporting Dashboard Full portfolio visibility — application status, disbursement details, repayment history, and performance metrics.
Partner Onboarding
Financial institutions connect to Shoraka Ventures' infrastructure — no independent Angkasa relationship required.
Application Processing
Civil servant applicants submit financing requests. Shoraka handles verification, credit assessment, and approvals.
Disbursement & Deduction
Funds are disbursed and monthly repayments collected automatically through the SPGA salary deduction mechanism.
Reconciliation & Reporting
Automated reconciliation and portfolio reporting flow back to partner institutions through the management system.
Who Can Partner
Built for institutions ready to serve civil servants
Any institution that wants SPGA-enabled market access without multi-year regulatory setup is a fit.
Islamic Banks
Expand your civil servant financing book with a Shariah-compliant, fully integrated processing partner.
Conventional Banks
Enter the government employee segment via Shoraka's SPGA infrastructure while maintaining your own credit policies.
Financing Companies
Leverage established infrastructure to originate, process, and collect from civil servants — operationally and cost-efficiently.
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
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.
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 is the SPGA and why is it hard to get?
The Sistem Potongan Gaji Angkasa (SPGA) is a salary deduction mechanism enabling automatic monthly repayments for civil servant financing. Obtaining an independent SPGA code requires significant regulatory compliance, operational infrastructure, and years of relationship-building with Angkasa. Shoraka Ventures has done this work and makes access available to partners immediately.
Does my institution need its own Angkasa relationship?
No. That is the core value of the partnership. Shoraka Ventures acts as the Angkasa-connected processor, meaning your institution can originate financing for civil servants and collect via salary deduction — all through Shoraka's existing SPGA code and infrastructure.
What does Shoraka Ventures handle as the processor?
End-to-end: loan application management and disbursement, credit risk assessment, salary deduction management, automatic reconciliation, and portfolio reporting. Your institution retains control over capital deployment and credit policy.
Is the platform Shariah-compliant?
Yes. All solutions are structured and independently reviewed by Shariah advisors, including ISRA Consultancy and Ustaz Dr. Zaharuddin Abd Rahman, ensuring full adherence to established Islamic finance principles throughout the financing lifecycle.
How long does partner onboarding take?
Significantly faster than pursuing an independent SPGA code. Once commercial terms are agreed, partners gain access to Shoraka Ventures' infrastructure and can begin originating civil servant financing without the multi-year regulatory build-up typically required.