Sunview through its subsidiary Fabulous Sunview Sdn. Bhd. had accepted an Islamic Financing Facility under Import Financing-i (“IF-i”) of US$5 million (rm4.78x) and and Forward Foreign Exchange-i (“FX-i”) with credit exposure limit of US$500, 000 from Export-Import Bank of Malaysia Berhad.
The purpose of the financing is for general working capital requirements for importation of solar photovoltaic module, solar inverter and other tools and equipment that is to be used to accomplish and to complete the on-going and future contracts,
which are related to nature of business of Fabulous Sunview and not contrary to Shariah principles as approved by the Bank.
While FX-i is to hedge against the fluctuation of foreign exchange rate.
