Kuala Lumpur, Feb 27 – RHB Islamic Bank signed a Memorandum of Understanding with Institut Keusahawanan Negara (INSKEN), which is under the purview of Unit Peneraju Agenda Bumiputera (TERAJU), to promote entrepreneurial learning and development programmes and initiatives, co-operating in utilising expertise, resources and facilities for future co-branding programmes.
Datuk Adissadikin Ali, Managing Director/Chief Executive Officer (CEO) of RHB Islamic Bank said at the signing of MOU, “Being the first financial institution to collaborate with INSKEN, we are honoured to play a part in grooming and upscaling SMEs via this entrepreneurial development programme. In fact, we have embarked on a series of networking cum clinic sessions at various Economic Corridors including Sabah and Sarawak as part of the Group’s outreach commitment in supporting TERAJU to meet its objective.”
The collaboration serves as a platform for the Group in building relationships with emerging SMEs; by means of offering complete banking services and solutions that cover working capital financing to asset acquisition and capital expenditures for qualified SMEs.
As part of the partnership, the Group will be providing advisory services as well as guidance related to banking and finance requirements with the opportunity to reach out to approximately 14,000 registered entrepreneurs.
“This initiative will enable RHB Islamic to identify potentially high-performing SMEs and nurture them at an early stage until they reach their full potential,” he added.
Datuk Husni Salleh, EXCO Committee member of INSKEN is confident that this collaboration will benefit the entrepreneurs in understanding the banking facilities options and solutions available to them.
Additionally, INSKEN’s High Performing trainings consist of talent development programs for SMEs, institutional development and advancing competencies of the senior management in SMEs business.
The short-term outcomes of these programs are to develop senior management capabilities in sound decision making and talent development for future succession. In the long run, the expected outcome is for the enterprise to become a regional champion and ultimately an international champion.
Therefore, the RHB advisory services would be beneficial in aligning the entrepreneurs’ business development to expand their business locally and internationally.
The entrepreneurship development programme is currently led and coordinated by INSKEN, who will also introduce the latest programmes that is expected to help achieve the national entrepreneurship development aspirations.