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Maybank Islamic offers Islamic financing to Universiti Teknologi Malaysia

Posted on 14 February 2011

From Maybank.com.my: Maybank Islamic Berhad signed an agreement to provide a RM100 Million Commodity Murabahah Term Financing-i (CMTF-i) facility to Universiti Teknologi Malaysia (UTM), Skudai. The facility will be used to redeem UTM’s existing term loans for the construction of hostel facilities at its Skudai campus for students.
The signing ceremony was held at Menara Maybank where Lim Hong Tat, Deputy President and Head, Community Financial Services Maybank and Ibrahim Hassan, Chief Executive Officer of Maybank Islamic signed on behalf of Maybank Group, while UTM was represented by Professor Dato’ Dr Ir Zaini bin Ujang, Vice Chancellor and Tuan Haji Mohamad bin Abdullah, Fund Raising Manager……………………………………….Full Article: Source

 
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