P2P Financing Operator microLEAP Announces Fully Funded Shariah-Compliant Investment Note

P2P Financing Operator microLEAP Announces Fully Funded Shariah-Compliant Investment Note

http://islamicmarkets.com/articles/p2p-financing-operator-microleap-announces-fully-funded-shariah-compliant-investment-note
Copy URL

microLEAP, a Shariah-compliant peer-to-peer (P2P) financing operator, recently announced its fastest ever fully funded investment note, having raised MYR 300,000 in a mere 1 hour and 47 minutes.

Why it Matters?

Its new product, microLEAP+, which was launched a few weeks ago, operates with the objective of serving small and medium-sized enterprises via its investment notes that range from MYR 50,000 to MYR 500,000 and that are all Shariah-compliant. The operator also offers larger-ticket issuances, which include short-term notes and invoice financing, to entities that seek Shariah-compliant working capital in order to run their businesses.

Details

Investors who fund the notes can see profits of up to 18% per annum....