microLEAP Gets Largest Share of TERAJU’s RM100 Million Fund for Bumiputera Businesses

Quick Summary:

TERAJU, the Unit Peneraju Agenda Bumiputera, has reportedly awarded the largest portion of its RM100 million fund to P2P financing platform microLEAP.

This allocation is part of the Islamic-Working Capital Project Financing Programme (i-WCPF), aimed at supporting Bumiputera businesses with Shariah-compliant financing.

The i-WCPF programme provides Islamic financing based on the Commodity Murabahah via Tawarruq [...]

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Article Details

Category: StartupsBusinessTechnology

Markets: Malaysia

Topics: Islamic Fintech Lending MicroLEAP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 03:04:32 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 239 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 23086068

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 2 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #74

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