CBP eyes RM350mil revenue from Ar-Rahnu


President and chief executive officer Mohd Nor Abd Razak (pic) said ar-rahnu has become a micro financing “turn to” facility for hawkers and petty traders impacted by Covid-19.

KUALA LUMPUR: Co-opbank Pertama (CBP) is targeting to achieve a revenue of RM350mil this year from its ar-rahnu services, above the RM290mil achieved last year.

President and chief executive officer Mohd Nor Abd Razak said ar-rahnu has become a micro financing “turn to” facility for hawkers and petty traders impacted by Covid-19.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Steel Hawk unit secures Sabah contract
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls
Glovemakers shift focus as China floods markets
Strata overhang to ease if prudence continues
Carimin acquires 19.5% stake in Sealink International for RM40mil
Sunway to proceed with IJM takeover�

Others Also Read