Funding Societies is now offering Islamic Financing on our platform. The products under this type of financing are structured based on Commodity Murabahah (via Tawarruq arrangement).
This is under the guidance of our Shariah Adviser, Masryef Advisory Sdn. Bhd. in order to ensure that the products are in compliance with the resolution issued by the Shariah Advisory Council of the Security Commission of Malaysia (SACSC) and regulations issued by the Security Commission of Malaysia (SC).
Currently, the Islamic Financing is being offered under two types of Note, which are MBIBG and MBISG. MBIBG offers equal monthly installments, whereas the MBISG offers bullet payment structure.