About Us
Ikhtiar Factoring Sdn Bhd (IFSB) was incorporated on 13 March 2000 to carry out the business of domestic, export and import invoice factoring. Bank Negara Malaysia (BNM) classified us as a Non-Bank Financial Institution (NBFI); and on 27 April 2000, approved us to operate as a scheduled institution under Section 21(1) of the Banking and Financial Institutions Act (BAFIA) 1989. BAFIA has since been repealed and replaced with the Financial Services Act 2013.
Since then, we have been dedicated to various companies’ financial needs when they are awarded government and GLCs procurement contracts. Companies who have partnered with us include Petroliam Nasional Berhad (Petronas), Tenaga Nasional Bhd, Telekom Malaysia and etc.
In compliance with the Ministry of Finance (MOF) SPP Bil 10/95, IFSB was approved and accredited by MOF to engage in the factoring finance of government or GLCs contracts and procurements.
Ikhtiar Factoring Sdn Bhd (IFSB) has also ventured into franchising industry as the expansion of our core business. We are exploring individual franchising opportunities as part of our mission to market our brand and products globally, and at the same time empowering franchisee to grow their financing capacity.
The Story of
Ikhtiar Factoring
How Did We Grow To Become Who We Are Today
Our Vision
To be a trustworthy, experienced and reputable company in the factoring sector serving our clients to meet their capital needs.
Our Mission
- To assist the critical need for factoring & trade finance facility to government contractors.
- To provide guidance and financial support to entrepreneurs.
- To fulfil the financial needs of companies.
- To help the entrepreneur companies for entrance and prosper to high growth and nurture to become independent national and global business.
Benefits to the Government
Our Financial Solutions Helps Businesses, And Also The Government
Prompt delivery and performance of the contracts awarded. Performance bond will be submitted within the 14-days period and delivery of goods assured since comprehensive financing has been secured.
IFSB’s biggest asset is in its human capital expertise and experience in the prudent financial structure for the government procurement business community.
Plans can be implemented and executed efficiently to critical areas such as schools, hospitals, armed forces, police etc.
The government investments will generate tangible and monetary returns, but most importantly, it contributes and improves social engineering aspects for the Bumiputera business community.
Meet Our Team
Our team of experienced finance specialists have decades of collective experience in helping you to maximize your business potential through our services.