KUALA LUMPUR – Congress of Unions of Employees in the Public and Civil Service (Cuepacs) members are expected to benefit from a personal financial restructuring programme launched by Xanderia Sdn Bhd today.
In a statement, the personal financing institution said that it targets 10,000 civil servants with a fund allocation of RM100 million.
“Xanderia’s commitment to responsible and ethical financing has led to the formation of this program, which is designed to increase the ease of access to financing,” says chief executive officer Razi Pahlavi Abdul Aziz at the launch event.
The launching ceremony was also officiated by Amanie Group founder Tan Sri Mohd Daud Bakar, and Cuepacs president Datuk Adnan Mat.
The financing programme is backed by Xanderia’s fully automated shariah-compliant platform (SPaaS) using Daca technology (digital, algorithm, cloud and analytics).
Razi added that the initiative is for the recovery and restructuring of the financial practices of Cuepacs members as well as Malaysian civil servants who experience challenges in obtaining personal financing from banking institutions.
Xanderia’s shariah-compliant personal financing programme provides Cuepacs members and civil servants the option of personal financing through Kanz Raqami, Kanz Al-Ilham, Kanz Al-Sayidat, Kanz Al-Anan, and Kanz Al-Impian.
These products are meant to help restructure the personal financing challenges of struggling individuals with the goal of helping them to be accepted by banks and other major financial institutions in the future. – September 29, 2023