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KOTA DAMANSARA: SEGi University & Colleges signed a memorandum of understanding (MoU) with Affin Islamic Bank on Education Financing-i recently to offer a flexible funding solution to all its existing and new students.
The MoU was signed by Mr Daniel Teng, Group Senior Executive Director of SEGi University & Colleges and Encik Nazlee Khalifah, Chief Executive Officer of AFFINISLAMIC at SEGi University, Kota Damansara.
In his speech, Daniel said SEGi is proud to partner with Affin Islamic Bank to offer the funding solution.
“This product adopts a shared responsibility approach where several family members or guardians can jointly support the educational needs of one student. This will enable students to cover most or full cost of a programme.
“We want to ensure that more students can afford and attend higher education to realise their full potential, in line with our motto, The Best in You Made Possible,” he said.
AFFIN Education Financing-i. which was officially launched last year, is a Shariah compliant product designed to assist students for their education plan at selected Malaysian Higher Education Institutions and is structured based on the Islamic concept of Ijarah.
Unlike some of the conventional financings where a guarantor is required, AFFINEducation Financing-i is offered on a joint-application basis where the facility is jointly applied by the parents/ guardians with the students.
Also present at the signing ceremony were Dr. Lisa Tan Saw Poh, Chief Executive Officer, SEGi Group of Colleges, Cheryl Chong, Group Chief Financial Officer, Dr Patrick Kee, Vice-Chancellor, SEGi University, Evonne Chong Meng Lee, Vice President Group Marketing, Idris Abd Hamid, Director of Consumer Banking of AFFINBANK and Ferdaus Toh Abdullah, Deputy Chief Executive Officer of AFFIN ISLAMIC.
For more information on the loan, visit http://www.affinislamic.com.my/Consumer-Banking/Consumer-Financing-i/AFFIN-EDUCATION-FINANCING-i.aspx