IBPO Group Berhad, a fintech company that provides financing solutions, has signed a Memorandum of Understanding (MoU) with Afsha Shariah Advisory.
Afsha will now act as IBPO’s official Shariah advisor. This partnership shows IBPO’s commitment to offering financing that follows Shariah principles as more people are looking for ethical and responsible financial solutions.
According to Bank Negara Malaysia’s 2025 report, Islamic financing is growing strongly and now makes up about 48% of the country’s total financing, which is around RM1.219 trillion. This shows that more people are choosing Shariah-compliant financial products.
Through this partnership, IBPO plans to strengthen how it follows Shariah rules and make sure its financial products are designed according to proper Shariah principles.
This also shows IBPO’s focus on being transparent, responsible, and inclusive, while supporting Bank Negara Malaysia’s goal of building a modern and inclusive Islamic financial system.
“We are proud to have Afsha as our official Shariah Advisor as we strengthen our position as Malaysia’s trusted choice for Islamic financing. This further reinforces our ongoing commitment to delivering inclusive, ethical and comprehensive Islamic Financial ecosystem that contributes positively to the economy and broader society. This allows us to deliver value to those seeking Shariah-aligned options, while remaining accessible to all, giving our customers greater confidence in what we provide,” said Andy Lim, Founder & Group Managing Director of IBPO Group Berhad.
“We are honoured to partner with IBPO Group Berhad as their official Shariah Advisor. At the core of actively disseminating Shariah principles across the financial sector, our mission is to enable our clients to achieve their optimum potential by ensuring that their policies and practices strictly comply with Shariah rules and regulations through the highest standards of professional competence. We look forward to guiding IBPO in structuring ethical and transparent Shariah-compliant financing solutions that meet the growing demand in Malaysia’s Islamic financial ecosystem,” said M. Aminuddin Bin Ismail, Managing Director of Afsha Shariah Advisory Sdn. Bhd.
IBPO Group Berhad is the parent company of several businesses, including IBPO Genesis, IBPO Credit System, IBPO Capital Ventures, and IBPO Property. These companies work in different areas such as financial services, property, investments, and licensed financing.
Together, they offer a complete range of services to meet the different needs of their customers and help them achieve their financial goals. IBPO was founded in 2012 and became a public limited company in 2020.
Afsha Shariah Advisory is a company that provides expert guidance on Shariah compliance for businesses. It was set up as a one-stop center to meet the growing needs of the Islamic finance industry.
The company aims to become a leader in Shariah audits and advisory services. It helps businesses follow Islamic principles and encourages them to operate in an ethical and responsible way.
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