KUALA LUMPUR: CIMB Bank Bhd, together with CIMB Islamic Bank Bhd, and Juwai IQI have entered into a partnership to provide property financing to Juwai IQI customers in Malaysia.
In a statement today, CIMB said the partnership will also allow direct access to the bank’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 (CEO) Ahmad Shahriman Mohd Shariff said the bank would be the first Malaysian-based bank to offer shariah-compliant and sustainable solutions to Juwai IQI’s customers, including financing, takaful, deposits, investments and other banking services.
About Juwai IQI
Juwai IQI has been operating in Malaysia since 2012 and is present in 10 states.
It sells and rents properties with a combined value of over US$1 billion in total in 2020, having tripled its agency force to 15,000 globally in the same year.
Juwai IQI co-founder and group CEO Kashif Ansari said since making Malaysia the company’s regional Southeast Asian headquarters for its real estate business in 2016, the company had grown tenfold as a leading Asean proptech group.
“We are looking forward to this partnership,” he said.
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