Shoraka Digital Ventures and Yayasan Hijrah Selangor Ink Strategic Collaboration Deal

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Signing Ceremony between Shoraka Global Resources and Yayasan Hijrah Selangor 
(Front row, left to right) Encik Zulkeflee bin Mohammad Nor Chief Executive Officer of Shoraka Global Resources, Dato’ Sri Mohamad Suparadi bin Md Noor, Executive Director of Yayasan Hijrah Selangor 
(Back row, left to right) Witnessed by Encik Abd Mutalib bin Abu Bakar Chief Executive Officer of Shoraka Global Capital, YB Puan Rodziah binti Ismail, Pengerusi Jawatan Tetap Perumahan & Kesejahteraan Bandar dan Pembangunan Usahawan (Chairman of the Executive Committee of Housing & Urban Wellbeing and Entrepreneur Development), and Encik Hafizuddin bin Mat Noh, Senior Management Manager and Administration, Yayasan Hijrah Selangor. 

KUALA LUMPUR: Shoraka Digital Ventures (SDV) through one of their fintech solutions start-ups, Shoraka Global Resources Sdn Bhd (SGR), has signed a strategic collaboration with Yayasan Hijrah Selangor to facilitate the migration of the foundation’s conventional financial offerings to Shariah-compliant ones.  

 

The strategic collaboration will enable recipients of the microcredit, most of whom are from the un-bankable B40 (underprivileged) group, to access financing in a Shariah-compliant manner, as currently enjoyed by the bankable groups.

 

In a statement issued after the signing ceremony by the two parties in Kuala Lumpur, witnessed by the Chairman of the Executive Committee for Housing, Urban Wellbeing & Entrepreneur Development, YB Puan Rodziah Binti Ismail, Managing Director Johar Amat said this collaboration was an important milestone for the group, as it is in line with the Group’s aspiration to facilitate the expansion of Islamic financial offerings to all segments of the society, including those that are un-bankable.

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Johar believes this collaboration between Yayasan Hijrah Selangor is a meaningful one. “Our intention and philosophy are about ensuring that the un-bankable are able to utilise services like the bankable who have easy access to Shariah-compliant financial products. With this collaboration, we want to become the facilitator for Yayasan Hijrah Selangor to provide Shariah-compliant products and solutions to their recipients.”  

Encik Johar Amat, Managing Director Shoraka Digital Ventures

“I foresee a successful partnership between our two parties that will accelerate the digitalisation of the Islamic financial technology solutions for the people of Selangor and look forward to further collaborations with Yayasan Hijrah Selangor in the area of digital technology,” he further added.  

 

Yayasan Hijrah Selangor, Dato’ Sri Mohamad Suparadi Md Noor said the mutual collaboration between the foundation and Shoraka will focus on the areas that help both parties to leverage on each other’s strengths.  

 

Yayasan Hijrah Selangor is an initiative of the Selangor State Government to expand the middle class in the state of Selangor through the implementation of an efficient additional capital distribution system for small traders. One of its objectives is to provide micro credit loans to small entrepreneurs in Selangor for the implementation of programs to help small entrepreneurs grow their businesses and increase capital. 

 

Shoraka Group, the parent company of SDV, was established in 2006 incorporated in Dubai and later incorporated in Malaysia in 2007 to operate exclusively in Southeast Asia as a financial advisory company before expanding into the Digital Technology sector. One of its digital solutions is a platform operated by Shoraka Global Resources Sdn Bhd, known as Shoraka Al-Amin. It is a commodity trading platform to facilitate Tawaruq transactions for the purpose of offering Islamic financing products. 

For more information on Shoraka Digital Ventures, please visit www.shorakadv.com.  

 

Issued by Shoraka Digital Ventures 

 

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