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Ringgit Ease launches Malaysia’s first Islamic finance comparison platform
🇲🇾 Malaysia /Economy & Trade

Ringgit Ease launches Malaysia’s first Islamic finance comparison platform

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Ringgit Ease Sdn. Bhd. launched finEZ, a digital platform for comparing Shariah-compliant financial products in Malaysia.
  • The platform initially features Personal Financing-i products, with details including profit rates, financing amounts, terms, eligibility and estimated monthly payments.
  • Eligible users can continue selected applications through finEZ after comparing products.

Consumers looking for Islamic financing no longer need to visit multiple financial institutions’ websites separately, according to Ringgit Ease Sdn. Bhd. The company has launched finEZ, which it describes as Malaysia’s first Islamic finance comparison platform.

The platform allows users to explore, compare and select participating Shariah-compliant products in one place. Datuk Mohd Hasnul Ismar, chief executive of Shoraka Group, said finEZ was developed in response to growing demand for greater transparency and easier access to Islamic finance.

Users today have more choices than ever before, but comparing financing options can still be confusing and time-consuming.

— Datuk Mohd Hasnul IsmarThe Shoraka Group chief executive described the problem finEZ is intended to address.

“Users today have more choices than ever before, but comparing financing options can still be confusing and time-consuming,” he said in a statement. “We developed finEZ to simplify that experience by putting relevant information on one platform.”

Personal Financing-i is the first product category introduced through the platform. Users can review profit rates, financing amounts, repayment periods, eligibility requirements and estimated monthly instalments. For selected products, eligible users can also proceed with an application through finEZ, linking product searches with the application process.

We developed finEZ to simplify that experience by putting relevant information on one platform.

— Datuk Mohd Hasnul IsmarHe explained the platform’s purpose in a statement about its launch.
About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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