Launch of the second edition of the iTEKAD CIMB Islamic Rider Entrepreneur program

KUALA LUMPUR: CIMB Islamic Bank Bhd, in collaboration with program partners Yayasan Waqaf Malaysia (YWM) and Yayasan Belia Malaysia (YBM), will continue the iTEKAD CIMB Islamic Rider Entrepreneur program in its second edition.

In a statement, the CIMB said the program supports Bank Negara’s iTEKAD umbrella initiative, which mobilizes social finance to help asnaf and B40 communities achieve financial resilience and generate sustainable income.

The Rider program aims to provide participants with employment opportunities as food deliverers with foodpanda Malaysia, complemented by quality training from the Taylor community on entrepreneurship.

YWM’s role in this strategic partnership is that of a waqaf fundraiser, while YBM is the overall program coordinator, mobilizing the purchase and distribution of motorbikes to participants.

CIMB Islamic and YWM have jointly committed a Waqaf contribution of RM300,000 as seed funding for the program, through the application of Waqaf Muaqqat (Temporary Waqaf).

Ahmad Shahriman Mohd Shariff, Managing Director of CIMB Islamic, said: “We continue to see the importance of our Rider Entrepreneur program which provides economic assistance to participants from the asnaf and B40 communities, including entrepreneurial skills that will help them improve their livelihoods.”

“This month Merdeka, and in accordance with the CIMB groupWith Bank Negara’s new brand proposition, “Moving Forward with You”, we are committed to supporting Bank Negara’s iTEKAD initiative with our esteemed program partners, bringing greater economic empowerment to all participants and instilling more entrepreneurship in Malaysia.

“This is consistent with Bank Negara’s value-based intermediation, where Shariah outcomes are achieved through initiatives that generate positive and lasting impact on the economy and community,” he said. -he declares.

The first year of the program started with 40 participants, and with the positive response from the communities, the biker program will welcome another 50 participants for the second year.

CIMB Islamic said participants will be required to complete an interview, followed by a four-day bootcamp showcasing various aspects of entrepreneurship, including financial management, technical skills and emotional well-being.

Final entrants will be evaluated in a pitch session where they pitch their business ideas to a panel of judges before being awarded motorcycle scholarships and onboarded as food deliverers.

After successfully completing their one-year internship at foodpanda Malaysia, runners will have the option of continuing their employment at foodpanda Malaysia or becoming full-fledged entrepreneurs.

Earnest L. Veasey