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Saturday, May 25, 2024

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RHB Islamic Bank launches #JomBiz program to provide seed funding to microentrepreneurs

MALAYSIA: RHB Islamic Bank and its conventional counterpart RHB Bank have launched the #JomBiz program to provide seed funding to up to 500 microentrepreneurs comprising single parents, differently-abled persons, as well as other individuals from communities in need, among others, a statement confirmed.

Upon completion of the one-year program, which provides business pitch, business strategy, digitalization and financial literacy training, the 10 best business proposals from each cohort will receive seed funding of up to RM30,000 (US$6,317.64).

The program is in partnership with Taylor’s Community, Taylor’s University’s corporate social responsibility arm, and is part of the bank’s five-year sustainability strategy and roadmap.

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