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BUSINESS

CIMB TO PROVIDE JUWAI IQI’S CUSTOMERS PROPERTY FINANCING

21/10/2021 12:34 PM

KUALA LUMPUR, Oct 21  -- CIMB Bank Bhd and CIMB Islamic Bank Bhd have entered into a partnership with Juwai IQI, Asia’s largest proptech group, to be the first local bank to provide property financing to Juwai IQI customers in Malaysia.

In a statement, CIMB said the partnership will also allow direct access to CIMB’s suite of investment solutions and exclusive benefits, providing a one-stop centre for a wide range of financial needs.

CIMB Islamic chief executive officer Ahmad Shahriman Mohd Shariff said the bank offers Shariah-compliant and sustainable solutions to Juwai IQI’s customers, including financing, takaful, deposits, investments, and other banking services.

"With the Overnight Policy Rate at a record low of 1.75 per cent, consumers are taking advantage of mortgage rates, as well as looking at other asset classes to generate higher yields.

"We foresee a stronger growth for our consumer banking business this year and anticipate higher demand for real estate in the country and ASEAN as a whole in line with the global economic recovery," he said. 

-- BERNAMA

 


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