Ikhtiar Factoring Sdn Bhd (IFSB) was incorporated on the 13 Mar 2000 to carry on the business of domestic, export and import factoring and equipment leasing. IFSB is a financial services company classified as a scheduled institutions under the Banking and Financial Institutions Act (BAFIA) 1989 and requires to be registered and approved by Bank Negara Malaysia (BNM) to comply with Section 21(1) of the BAFIA. IFSB obtained its approval from BNM on the 27th April 2000.
IFSB is a specialist factoring company concentrating only in the factoring finance of government or government owned companies contracts/procurements receivables. All its factoring business is derived wholly from the factoring finance of clients that have obtained contracts from government or government owned companies such as Petronas, Tenaga, Telekom etc. In compliance with Ministry of Finance SPP Bil 10/95, IFSB requires to be approved and licensed by the MOF to engage in the factoring finance of government or government owned companies contracts and procurements.
Ikhtiar Factoring Sdn Bhd obtained the approval of Ministry of Finance as an authorised factoring company on the 14th June 2000.
website : http://ikhtiarfactoring.com