Public Islamic Bank Supports BNM’s VBI Initiative of Sustainable Islamic Finance with Solar Panel Financing

In a bid to support Bank Negara Malaysia’s (BNM) Value Based Intermediation (VBI) initiative, which aligns sustainability with Islamic values, Public Islamic Bank Berhad (PIBB) has launched solar panel financing for residential houses, according to local media reports.

BNM’s VBI initiative is aimed at aligning Islamic finance business models towards realising the objectives of Shariah principles in order to create sustainable and positive impacts to the economy, environment as well as the community.

PIBB announced that the solar panel financing under the Solar Plus BAE Personal Financing-i program was targeted at existing PIBB and Public Bank Berhad residential financin...