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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Maybank Islamic targets 10%-15% financing portfolio growth

Posted on 18 December 2008

From Theedgedaily.com: Maybank Islamic Bhd is targeting a 10% to 15% growth to its overall financial portfolio in its next financial year following the introduction of an Islamic term financing facility for corporate and business customers.

Maybank Islamic acting chief executive officer Ibrahim Hassain said the new facility, Musharakah Mutanaqisah Term Financing-i (MMTF-i), was a syariah-compliant financing facility for asset acquisitions and for refinancing landed properties, plant and machinery, vessels and commercial vehicles….. Full Article: Source

 
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