citigroup-offers-more-shariacompliant-products-in-malaysia

Citigroup offers more Sharia-compliant products in Malaysia

Citigroup ups the ante in Malaysia and introduces a new home-financing product.
In Malaysia, Citibank Berhad has launched Citibank Home Partner-i, a home financing product based on the Islamic concept of diminishing Musyarakah, which is essentially a co-ownership agreement
between the bank and the customer.

This targets both non-Muslims and Muslim homeowners who are looking to refinance their properties and first-time homeowners of completed properties.

The Islamic banking industry in Malaysia is experiencing robust and dynamic growth. However, to make Malaysia a global Islamic hub, it is essential that we launch new innovative products that are aligned to globally accepted Islamic principles, says Piyush Gupta, Citigroup country officer and chief executive officer of Citibank Berhad.

A key feature of the Citibank Home Partner-i is that unlike...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222