KUALA LUMPUR, Sept 19 (Bernama) — CIMB Islamic Bank Berhad (“CIMB Islamic” or “the Bank”) today ramped up its action in support of the United Nations Sustainable Development Goals (“SDGs”) with the introduction of its first Sustainable Term Investment Account-i (“Sustainable TIA-i”) Tranche, a purpose-driven investment offering for businesses including small and medium enterprises (“SME”). The Sustainable TIA-i fund placements will be invested into eligible Shariah-compliant sustainable financing assets that are aligned to CIMB Group’s priority SDGs.
Sustainable TIA-i will focus primarily on financing assets linked to SDG 8 which promotes Decent Work and Economic Growth, with particular emphasis on assets that are aligned to micro, small and medium enterprises (“MSME”) as defined by Bank Negara Malaysia (“BNM”). These assets include the financing of activities that contribute to sustainable job creation, economic growth and societal wellbeing, as well as activities that contribute to expanded access to affordable and responsible financial products and services to vulnerable segments in the start-up and MSME sectors.