AIM Committed To Providing Shariah-compliant Financial Facilities

By Azli Shafii

TANAH MERAH, Sept 7 (Bernama) -- Amanah Ikhtiar Malaysia (AIM) is committed to expanding its Ikhtiar Ar-Rahnu service nationwide to provide takaful-protected, Shariah-compliant micro-financing facilities.

Its managing director, Datuk Mohamed Shamir Abd Aziz, said Ikhtiar Ar-Rahnu offers financing of up to 75 per cent or a maximum of RM300,000, with profit rates of as low as 90 sen per month.

“This service is based on a Shariah-compliant pawnbroking system and is protected by takaful. Even individuals who are blacklisted can use the service.

“The Ikhtiar Ar-Rahnu service reflects our commitment to providing Shariah-compliant micro-financing that can help AIM members, clients, and the community manage their daily financial needs,” he told Bernama after launching the first Ikhtiar Ar-Rahnu branch in Tanah Merah today.

Mohamed Shamir added that AIM will also be opening five more branches in the next three years. 

“This Tanah Merah branch is the first, and we expect to open two or three more branches in other areas, wherever there’s demand for the service.

“Members will not only have access to the financing facility, they will also have a share in the profit returns from this service,” he said.

Meanwhile, Mohamed Shamir said AIM will continue to support and entrust the Amanah Ikhtiar Malaysia Staff Cooperative (KKAIMB) to manage, implement and strengthen various business ventures undertaken with AIM and its strategic partners to ensure the cooperative’s sustainability and competitiveness.

“KKAIMB also manages welfare, death, and disability funds to protect AIM’s financing for its clients, while also exploring supply, plantation and property ventures as income sources,” he added.

-- BERNAMA