null Skim CAKNA by CIMB Islamic
Skim CAKNA by CIMB Islamic
4 Mar 2021 | Thursday source: CIMB
Skim CAKNA is introduced to assist the cash flow position of companies and vendors including SMEs that have been awarded with supply and/or services contracts by the Government of Malaysia. The participating Ministries are Ministry of Health (MOH), Ministry of Education (MOE), Ministry of Higher Education (MOHE) and Ministry of Communication & Multimedia (MCMM).
Skim CAKNA is a funding/advance facility involving sale or transfer of payment rights over a particular invoice. Through Skim CAKNA, companies can sell approved invoices to the Bank at a discount, in exchange for early payment prior to the maturity date of the invoice.
More information can be found at cimb.com