Ikhtiar Factoring

Ikhtiar Factoring, registered as Ikhtiar Factoring Sdn Bhd, provides invoice factoring from Kuala Lumpur in Malaysia. It advances cash against the invoices of companies that have won procurement contracts from government bodies and government-linked companies (GLCs), so they can fund the work before their customer pays.

What Ikhtiar Factoring does

• Domestic invoice factoring: finance against invoices raised to buyers inside Malaysia.
• Export and import factoring: the same arrangement for invoices tied to cross-border trade.
• Government contract financing: factoring of government and GLC contracts, under Ministry of Finance accreditation.
• Franchise opportunities: a franchising arm that lets individual franchisees offer the company's financing products.

Who it serves

Its clients are suppliers and contractors to the public sector and to GLCs. The company names Petronas, Tenaga Nasional and Telekom Malaysia among the organisations it has worked with.

Key facts

• Based in: Kuala Lumpur, Malaysia
• Founded: 2000
• Regulation: classed by Bank Negara Malaysia as a non-bank financial institution
• Accreditation: approved by the Ministry of Finance to factor government and GLC contracts