ABOUT MIDF
Spanning over five decades of contributing to the country’s economic growth, Malaysian Industrial Development Finance Berhad (MIDF) today has strengthened its foothold in many segments of the financial services industry.
MIDF was incorporated on 30 March 1960 mainly for the purpose of ensuring access to financing for manufacturing-based small and medium enterprises (SMEs), and as part of Malaysia’s post-independence strategy to accelerate development of the industrial sector. MIDF has proven its resilience and longevity, and proudly celebrated its 50th anniversary in March 2010. Over the years of basking in its status as Malaysia’s maiden development finance institution, MIDF has evolved and transformed itself into a diversified group.
Following its merger with Amanah Capital Partners Berhad in 2003, as well as its acquisition of Utama Merchant Bank Berhad (UMBB) in 2004, and the establishment of MIDF Amanah Investment Bank Berhad (MIDF Investment) in 2006, the MIDF Group accentuated its ambition to become a leading financial services provider in three core business areas, namely investment banking, development finance and asset management.
INVESTMENT BANKING
MIDF Amanah Investment Bank Berhad (MIDF Investment) is the result of the integration of four subsidiaries of the MIDF Group, namely Amanah Short Deposits Berhad, Malaysia Discounts Berhad, MIDF Sisma Securities Sdn. Bhd and UMBB. MIDF Investment takes pride in its comprehensive range of investment banking-related services, including financial advisory, underwriting of equities and debt instruments, treasury activities and equity brokerage services.
DEVELOPMENT FINANCE
MIDF’s Development Finance Division promotes the development of the industrial sector in Malaysia through the provision of financing for manufacturing-based and services-based companies. The financing includes conventional and Shariah-compliant financing for new projects as well as for expansion, modernisation and relocation programmes, primarily in the manufacturing and services sectors. The Division’s financing products, which are generally medium to long term in nature, include project, machinery, factory mortgage and working capital term loans, industrial hirepurchase and leasing facilities to finance acquisition of machinery and equipment as well as revolving credit and factoring facilities for working capital purposes.
ASSET MANAGEMENT
MIDF Amanah Asset Management Berhad (MIDF Amanah) provides fund management services to statutory bodies, private pension funds, insurance companies, state government-related funds, charities and foundations, and corporations. MIDF Amanah is one of the leading asset management companies in Malaysia. Our investment mandates include equity, fixed income and balanced portfolios. We also manage portfolios based on specific requirements, such as Shariah, ethical and trustee.
