Unique, flexible Ijarah financing

STUDENTS from SEGI University & Colleges (SEGi) can now apply for a syariah compliant education financing based on the Islamic concept of ijarah. Unlike some of the conventional financing where a guarantor is required, AFFIN Education Financing-i is offered on a joint-application basis where the facility is jointly applied by the parents/guardians with the students. The financing offered at select higher education institutions in the country is a product of AFFIN Islamic Bank.

At the recent event to sign the memorandum of understanding with SEGI, AFFIN Islamic Bank chief executive officer Nazlee Khalifah said: “The financing is provided in an integrated manner which takes into account financial needs, where we aim to reach a larger number of ‘beneficiary’ students. It is our aspiration to add value to the development of the country’s education industry by offering innovative products that bring value to customers and the nation. SEGI group senior executive director

DANIEL TENG