{"id":56413,"date":"2023-05-30T17:15:16","date_gmt":"2023-05-30T09:15:16","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=56413"},"modified":"2023-05-31T12:10:38","modified_gmt":"2023-05-31T04:10:38","slug":"funding-societies-islamic-funding-launch","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/funding-societies-islamic-funding-launch","title":{"rendered":"Funding Societies Launches Islamic Financing Solutions For Entrepreneurs"},"content":{"rendered":"<p><a href=\"https:\/\/fundingsocieties.com.my\/\" target=\"_blank\" rel=\"noopener\">Funding Societies<\/a> has officially launched its comprehensive <a href=\"https:\/\/fundingsocieties.com.my\/islamic-financing\" target=\"_blank\" rel=\"noopener\">Islamic Financing product collection<\/a> to help underserved Malaysian micro, small and medium enterprises (MSMEs).<\/p>\n<p>&#8220;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.&#8221;<\/p>\n<p>&#8220;To that end, SME digital finance platforms like Funding Societies play an important role in closing that gap,&#8221; said Wong Kah Meng, Group Chief Operating Officer of Funding Societies.<\/p>\n<p>Entrepreneurs looking to grow their business through Shariah-compliant financing can apply for their Islamic Financing solutions, which include:<\/p>\n<ul>\n<li>Micro Financing-i<\/li>\n<li>Business Term Financing-i<\/li>\n<li>Invoice Financing-i<\/li>\n<\/ul>\n<p>Get more details on small business financing options <a href=\"https:\/\/www.imoney.my\/business-loan\/funding-societies\/funding-societies-business-loan\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<div id=\"attachment_56418\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-56418\" class=\"size-full wp-image-56418\" src=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/05\/30142525\/ChaiKienPoon.png\" alt=\"\" width=\"1200\" height=\"689\" srcset=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/05\/30142525\/ChaiKienPoon.png 1200w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/05\/30142525\/ChaiKienPoon-300x172.png 300w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/05\/30142525\/ChaiKienPoon-800x459.png 800w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/05\/30142525\/ChaiKienPoon-768x441.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><p id=\"caption-attachment-56418\" class=\"wp-caption-text\">Chai Kien Poon, Country Head of Funding Societies Malaysia introducing the suite of Islamic Financing solutions.<\/p><\/div>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>&#8220;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,&#8221; said Chai Kien Poon, Country Head of Funding Societies Malaysia.<\/p>\n<div class=\"block\"><div> Looking to start your investment journey? <a href=\"https:\/\/www.imoney.my\/online-investment\" target=\"_blank\" rel=\"noopener\">Head over here<\/a> to start investing! <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>They are now providing financing solutions specifically for the halal economy.<\/p>\n","protected":false},"author":47,"featured_media":56449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,347,216],"tags":[924,997,1064,982],"class_list":["post-56413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-islamic-finance","category-news-updates","tag-funding-societies","tag-islamic-financing","tag-islamic-investments","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Islamic Financing Solution For Malaysians<\/title>\n<meta name=\"description\" content=\"Financing solutions designed for the Halal economy, Funding Societies launches its Islamic Financial product suites for Malaysian entrepreneurs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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