IKHTIAR FACTORING SDN BHD

Ikhtiar Factoring Sdn Bhd (IFSB) was incorporated on 13 March 2000 to carry out the business of domestic, export and import factoring and equipment leasing. Bank Negara Malaysia (BNM) classified us as a Non-Bank Financial Institution (NBFI); and on 27 April 2000, approved us to operate as a scheduled institution under Section 21(1) of the Banking and Financial Institutions Act (BAFIA) 1989. BAFIA has since been repealed and replaced with the Financial Services Act 2013.

Since then, we have been dedicated to various companies’ financial needs when they are awarded government and GLCs procurement contracts. Companies who have partnered with us include Petroliam Nasional Berhad (Petronas), Tenaga Nasional Bhd, Telekom Malaysia, Ministry of Defense (MINDEF), Etc.

We have financed over than 1500 bumiputra companies and over RM2 billion in contract size over the past 22 years.