Mapping Malaysia's Resource Centres

186 MAPPING MALAYSIA’S RESOURCE CENTRES EXPORT-IMPORT BANK OF MALAYSIA BERHAD (EXIM BANK) Introduction Export-Import Bank of Malaysia Berhad (EXIM Bank) was incorporated in 1995 as a government-owned Development Financial Institution (DFI). This is the only DFI in Malaysia dedicated to promoting the development of cross-border ventures through the provision of financing and insurance facilities to Malaysian entities conducting their businesses overseas. As an agency owned by Ministry of Finance (MOF), and now under the purview of the Ministry of International Trade and Industry (MITI), the bank’s mandated role is to stimulate and enhance the competitiveness of Malaysian industries for exports and investments overseas via the provisioning of internationally and domestically competitive banking and insurance products and advisory services. This is undertaken by facilitating the entry of Malaysian companies into new markets abroad with an emphasis on non- traditional markets, where there is limited participation from commercial banks. Area of Expertise Having been in the industry for over 20 years, EXIM’s key areas of expertise revolve around promoting reverse investments and supporting exports from strategic sectors. The bank is able to finance and support exports and imports of capital goods, services, infrastructure projects, shipping and value-added manufacturing, in addition to providing export credit takaful services, overseas investments and guarantee facilities. Furthermore, in line with the Malaysian government’s aspirations of becoming an Islamic financial hub, EXIM Bank also offers a wide range of Islamic banking facilities such as cross-border term financing, trade finance and guarantee. Where trade credit takaful facilities are concerned, the Bank offers Islamic-based financing for short-term trade credit insurance and medium- to long-term trade credit. Strengths and Achievements EXIM’s key strength lies in its ability to provide financing facilities to Malaysian contractors undertaking local or foreign contracts in the areas of infrastructure, manufacturing and other developmental projects. T R A D E