Islamic Supply Chain Finance Platform introduced in Malaysia to Support Small and Medium Enterprises

An Islamic supply chain finance platform, TFX Islamic, launched on the 10th of November 2020, targeting small and medium enterprises (SMEs) in the country, aims to enable high-potential SMEs scale up their businesses. The platform, launched by TFX Islamic Sdn Bhd (TFX), recognises that evolution in supply chain trade financing has led to businesses seeking different ways to improve their supply chains significantly.

TFX stated that supply chain financing leverages on financing cost arbitrages between buyers and sellers, allowing businesses to optimise working capital requirements, and ultimately save millions of Malaysian Ringgit in finance-related expenses.

Speaking about the laun...