Islamic banking and finance has become a new phenomenon in the global banking industry. In this regard, over the past decade, Malaysia has played an active role in developing leading-edged Islamic services and products, robust regulatory infrastructure with strong global integration, and producing skilled talents in managing and innovating Shariah-compliant products.
In MIDF, we offer a range of Shariah-compliant products and services, to cater to client preference. Having obtained acceptance and recognition, now Islamic banking and finance is not only the choice of Muslims, but also favoured by various races and religions as the primary choice for their financial needs. With Shariah as the basis of our product and services, rest assured your finances are safe and secure.
We provide medium-and long-term Shariah-based financing for new projects, as well as for expansion, modernisation and relocation programmes in the manufacturing, manufacturing-related services, and services sectors in Malaysia. We operate Shariah-compliant investment, instrument and fund management activities based on various Shariah-approved concepts, as to meet the diverse needs and requests of our clients.
We are able to structure products and services based on various Islamic principles, including Mudharabah (Profit-Sharing), Musharakah (Joint Venture), Murabahah (Cost Plus Profit Sale), Ijarah (Leasing), Bai’ al-Dayn (Sale of Debt), Bai’ Bithaman Ajil (Deferred Payment Sale) and Tawarruq (Tripartite Sale).
All of our Islamic finance products and services are approved by our Shariah Committee, Shariah Adviser and external Shariah consultant in tandem with the requirements stipulated by Bank Negara Malaysia and the Securities Commission.