MDEC and CIMB Islamic sign MoU providing RM25 mln to scale agtech pilot
- The partnership will enable farmers to step into the future of digital agriculture utilising AI, IoT and BDA
- Offering affordable profit rate in agricultural financing facilities, the agriculture industry in Malaysia is set to receive a timely boost Cements leadership in innovation and market share for Ringgit bonds amid difficult market conditions
Cyberjaya, 2 April 2021 - The Malaysia Digital Economy Corporation (MDEC) and CIMB Islamic Bank Berhad (“CIMB Islamic”) today signed a memorandum of understanding (MoU) on extending an extensive micro-financing programme with an allocation of RM10 million as an initial funding package to catalyse Digital Agriculture Technology (Digital Agtech) in Malaysia. This allocation has the potential to be increased to RM25 million as the programme progresses.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Press Release