MBSB Bank Bhd has approved RM105 million in Shariah-compliant financing for Mydin Wholesale Cash and Carry Sdn Bhd.
The facility is designed to support the expansion of Mydin Group's retail network across Malaysia.
The deal underscores MBSB's continued focus on funding retail and consumer-facing businesses within its core operating regions.
By providing Islamic financing to a major wholesale player, the bank aligns its lending portfolio with the growth trajectory of domestic retail chains that are actively scaling their physical footprint.
This transaction fits into a broader strategic push by MBSB to accelerate economic activity in Malaysia's northern states.
The bank recently announced a joint RM1 billion financing initiative with the Northern Corridor Economic Region (NCER) aimed at boosting growth in the area.