REAL ECONOMY Promote products, programmes and collaborations. Grow portfolio in Halal economy. Key Priorities Successfully grew the Ar-Rahnu portfolio to RM168.7 million. Disbursed a total of RM21.2 million in December 2023, with RM3.4 million attributed to transactions conducted at 20 Ar-Rahnu counters at Bank Islam branches. Surpassed the annual goal by 102.8%, ensuring wider fund distribution for the BangKIT Business Grant under the Funding Escalator initiative. Empowered 140 microentrepreneurs enrolled in Entrepreneurs Development Programmes, fostering their upward mobility and growth. Introduced Biz Smart Property Finance to SMEs to acquire, refinance, or renovate commercial or industrial properties and SME Contract Finance Programme to support SMEs in acquiring and completing contracts. Performance Metrics 2020 2021 2022 2023 Outreach activities for BangKIT business grants N/A 4 28 187 Performance & Achievements Improved and expanded the reach and impact of Ar-Rahnu counters at branches, offering more accessible financial services to our customers. Provided BangKIT Business Grant to 125 asnaf entrepreneurs. Assisted microentrepreneurs in advancing their businesses through Entrepreneurs Development Programmes, comprising ongoing business coaching, networking sessions, optimised banking solutions, and centralised marketing efforts for enhanced market penetration. Introduced financing programmes to foster the growth of the Halal ecosystem. Initiatives Outlook & Future Priorities Equip SMEs with the tools and resources to thrive in a green and socially conscious business environment. Promote sustainability programmes, demonstrating our role as a responsible financial intermediary. Leverage digital initiatives to expand the existing business offering through our SMEXpert mobile application. Strategically expand our financing portfolio within the Halal economy. 66 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023 Strategic Performance Review
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