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 BAFIA has since been repealed and replaced with the Financial Services Act 2013.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.
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