KUALA LUMPUR, March 8 (Bernama) -- Malaysia Debt Ventures Berhad (MDV), a wholly owned subsidiary of the Minister of Finance Inc., launched its Islamic Venture Financing Programme, at The Vertical last week. The launch was officiated by YBhg. Tan Sri Dr. Mohd Irwan Serigar bin Abdullah, the Secretary General of Treasury, in the presence of MDV Chairman, Tan Sri Zarinah Anwar and former MDV Managing Director/Chief Executive Officer, Datuk Md Zubir Ansori Yahaya who was serving his last day of tenure as MD/CEO.
Expanding into Venture Financing will better enable MDV to finance early-stage companies and fill the gap in the ecosystem for venture-financing funding for growth. The development of this ecosystem is crucial for technology-based entrepreneurs as traditional financial institutions are not prepared to support the areas in which they operate in commonly due to lack of business assets and track record.
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