RHB islamic to provide financing facility to Sarawak mosque body

RHB Islamic Bank has agreed to offer Lembaga Pengarah Amanah Kebajikan Masjid Negeri Sarawak with a RM300 million Istisna’/Ijarah Term Financing Facility. RHB said the facility, with a financing tenure of 10 years, is intended for the construction of Baitul Makmur II, an 18-storey office/commercial building located in Kuching, Sarawak. Upon completion, Baitul Makmur II will house several Sarawak state ministries. This deal would represent one of RHB Islamic Bank’s single largest financing loans to Sarawak state-related group of companies.

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