Funding Societies Launches Islamic Financing Solutions For Entrepreneurs
Funding Societies has officially launched its comprehensive Islamic Financing product collection to help underserved Malaysian micro, small and medium enterprises (MSMEs).
“Access to finance is mission critical for inclusive growth and MSME development. Case in point, there is a RM90 billion SME financing gap in Malaysia.”
“To that end, SME digital finance platforms like Funding Societies play an important role in closing that gap,” said Wong Kah Meng, Group Chief Operating Officer of Funding Societies.
Entrepreneurs looking to grow their business through Shariah-compliant financing can apply for their Islamic Financing solutions, which include:
- Micro Financing-i
- Business Term Financing-i
- Invoice Financing-i
Get more details on small business financing options here.
Chai Kien Poon, Country Head of Funding Societies Malaysia introducing the suite of Islamic Financing solutions.
Interested SMEs can easily apply for any of its financing solutions, which can provide faster financing compared to traditional financial institutions, through its online portal with no collateral required.
In addition to Islamic Financing solutions, Funding Societies have also developed Shariah-compliant investment products for investors who wish to diversify their investments while also supporting a critical segment of the Malaysian economy.
“We have seen very encouraging demand from investors (retail, high net worth individuals and institutions) and look forward to working with financial institutions to offer Shariah-compliant investments to their customers,” said Chai Kien Poon, Country Head of Funding Societies Malaysia.
