CIMB Bank Berhad and CIMB Islamic Bank Berhad have launched the third edition of the CIMB Bazar Siberturahim Fashion Fest. The event aims to support small and medium-sized enterprises (SMEs) by providing business solutions and knowledge on sustaining long-term success.
During the weekend-long event, CIMB introduced SMEBizReady, a suite of solutions focusing on digitalisation, technology, and sustainability.
This initiative is designed to empower SMEs to embrace technological advancements and drive growth in their respective industries.
The CIMB SMEBizReady offers comprehensive financing solutions, including SME Automation and Digitalisation Facility, High Tech and Green Facility, Low Carbon Transition Facility, and Agrofood Facility.
These solutions are tailored to make SMEs future-ready and sustain their businesses.
CIMB Group, Co-Chief Executive Officer of Group Commercial and Transaction Banking, Lawrence Loh emphasised the bank’s commitment to supporting SMEs in various industries.
He highlighted the importance of providing value-based financing and access to technology solution providers to unlock SMEs’ potential.
CIMB’s support for SMEs includes collaboration with Credit Guarantee Corporation Malaysia Berhad (CGC) and Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) to provide guarantees for SME financing through special schemes without collateral requirements.
The bank has committed RM30 billion in financing for SMEs from 2022 to 2024.
The Bazar Siberturahim Fashion Fest also featured a panel talk on ‘Preserving Multi-Generational Wealth,’ moderated by Khairy Jamaluddin and Shahril Hamdan.
The discussion aimed to raise awareness of Islamic wealth and legacy planning, covering topics such as faraid, hibah, takaful, and inheritance.
CIMB Islamic, Chief Executive Officer, Ahmad Shahriman Mohd Shariff, expressed the bank’s commitment to supporting individuals and SMEs through solutions like SME BizReady and financial and wealth planning.
He emphasised CIMB Islamic’s role as a Value-Based Intermediary in delivering positive impact and contributing to Malaysia’s economic growth.
The Bazar Siberturahim Fashion Fest will be open to the public until March 10, with special discounts available for CIMB cardholders.
These offers are also valid at designers’ boutiques and online stores until May 31, 2024.
The event showcases homegrown brands such as Ezuwan Ismail, Radzuan Radziwill, Pink Jambu, and others.
