KUALA LUMPUR: Maybank Islamic Bhd has teamed up with Credit Guarantee Corporation Malaysia Bhd (CGC) to introduce Malaysia's first supply chain financing guarantee scheme anchored by mid-tier companies (MTCs).
Under the collaboration, Maybank Islamic will provide Syariah-compliant supply chain financing facilities, while CGC will extend guarantee support to eligible MTCs under its BizJamin-i Mid-Tier Companies scheme.
The innovative structure, which forms part of Maybank's new economy ecosystem initiative, enables suppliers within MTC ecosystems, predominantly micro, small and medium enterprises (MSMEs), to access early payment against approved invoices.
One of the key features is CGC's guarantee support, which enables eligible MTCs to act as anchors in their supply chains, allowing their suppliers to access financing against approved invoices.
