Singapore Offers New Islamic Financing Product

An Islamic commercial property loan package that comes with long fixed interest rate terms has been launched by MayBank Singapore, reports the Straits Times.

 

Aimed at small- and medium-sized enterprises (SME), the fixed- and floating-rate packages can be offered in terms of up to 10 years, notes the Times, adding that the floating rate comes with a 5% cap on effective rates per annum.

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