| Deputy Prime Minister Tan Sri Muhyiddin Yassin launched a RM2 billion syariah-compliant financing fund for small and medium enterprises (SMEs). Muhyiddin said the loan scheme, announced by Prime Minister Datuk Seri Najib Tun Razak in the 2012 Budget, reflects the private sector’s seriousness in supporting the federal government’s efforts to promote economic growth.
The scheme will be managed by 13 Islamic banking institutions with the federal government providing a two per cent rebate of the bank’s profits, he said when launching the scheme at Sekolah Menengah Kebangsaan Datuk Perdana ..............................................Full Article: Source
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