Name of borrower: PT Permodalan Nasional Madani
Amount: Rp1 trillion
Tenor: Unspecified
Underwriter: Maybank UUS
Date: July 2023
Permodalan Nasional Madani’s Rp1 trillion ($61 million) shariah financing is the best Islamic local-currency deal in Indonesia.
Maybank UUS acted as the lender in this transaction, with funds specifically allocated to support underprivileged female entrepreneurs engaged in the household-scale and ultra-micro businesses sector.
Funds were channelled through the borrower’s Mekaar Syariah programme dedicated to supporting underprivileged individuals in the country.
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