Source from (The Malay Mail): http://www.mmail.com.my/story/cimb-islamic-promote-halal-industry-mihas-halfest-33385
Published: October 15, 2012
CIMB Islamic will continue giving special promotion
in terms of financial support to all halal entrepreneurs who join
Malaysia International Halal Showcase (MIHAS) and Halal Fiesta Malaysia
(HALFEST).
Its Chief Executive Officer, Badlisyah Abdul Ghani said realising
that the halal business is a strategic industry, CIMB Islamic has
decided to lend support to the development of the halal industry in
Malaysia.
"CIMB Islamic has been supporting MIHAS which is targeted for
business-to-business (B2B) segment, and now we want to help the
business-to-consumer (B2C)'s HALFEST," he told Bernama on the sidelines of HALFEST Entrepreneurs Award and Gala Dinner, Friday.
Badlisyah noted that the halal industry and Islamic finance and banking "is a perfect marriage."
He said that CIMB Islamic would also give financial support to other
halal entrepreneurs, "as long as they have good cash flow, good product
promotion and good business proposal."
Earlier in his speech, Badlisyah said CIMB Islamic's involvement at HALFEST last year had given encouraging returns.
It recorded financing applications totalling RM240 million.
"Of the total, some RM145 million had been approved and RM100 million funding was disbursed to customers," he said.
He said CIMB Islamic offered financing package, Premises Financing-i
at a rate of base financing rate minus 2.20 per cent (BFR-2.20 per
cent).
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