Xanderia is One of The First Digital Islamic Personal Financing (IPF) Platform for Malaysian Civil Servants

Kuala Lumpur, 28 February 2023 – Xanderia Services Sendirian Berhad, a wholly owned subsidiary of Xanderia Berhad, is offering a solution to help financially-challenged Malaysian civil servants. Through its Islamic Personal Financing (IPF) products, Kanz Raqami and Kanz Al-Ilham, the company has created an effortless, sustainable, timely, and secure digital platform for civil servants to access with a hassle-free system that performs a salary deduction through Biro Perkhidmatan Angkasa (BPA) for repayment. This allows civil servants to access funds for purposes such as performing umrah, traveling, home renovations, or even consolidating their existing debts.

Xanderia is one of the first digital Islamic Personal Financing providers for Civil Servants, setting it apart from its competitors. Encik Razi Pahlavi, CEO & Executive Chairman of Xanderia Services Sendirian Berhad said, “This is part of our digital strategy, which has made tremendous progress in offering advanced innovation.”

Kanz Raqami is a digital IPF product that can be accessed through a mobile phone, offering end-to-end digital financing application, processing, and management. With financing starting from RM1,000 up to RM200,000 for a tenure of 1 to 10 years, it comes with a competitive rate as low as 6.99% per annum. In case applicants face any difficulty in applying through their smartphones, Kanz Al Ilham provides a fully personalized financing application service through Xanderia’s marketing agents, ensuring civil servants get the same amount and tenure for financing. The best part is that both Kanz Raqami and Kanz Al Ilham don’t require a guarantor, making it an accessible financing solution for civil servants who need financial support.

Applicants with a minimum salary of RM1,500 and a Debt Service Ratio of less than 60% are eligible for Xanderia IPF Products. With completed documents, applicants can receive preliminary approval for both Kanz Raqami and Kanz Al Ilham within 24 hours. Once approved, cash disbursement can take as little as 5 working days, provided all necessary documents and screening are completed. The application process is designed to be hassle-free and quick, providing eligible civil servants with a convenient financing solution to meet their financial needs.

With Xanderia’s simple 5-step online process, the website/app is designed with a straightforward user experience that helps civil servants begin the IPF application process conveniently through their smartphones. A download of the Xanderia Islamic Personal Financing App allows civil servants to complete the application process, where MyKad and 3 months of payslips are uploaded for verification followed by preliminary approval and acceptance via e-signature to complete the BPA process. After the final approval, the cash is credited to the applicant’s account.

Xanderia is well-positioned to become the leading digital IPF provider in Southeast Asia with its commitment to ESG practices and advanced digital platform, The company’s vision to become carbon neutral by 2025 reflects its strong commitment to sustainability and responsible business practices. Moreover, Xanderia values employee welfare and governance-related ESG practices, which demonstrates the company’s responsibility towards society and the environment. By providing a differentiated customer experience with innovative and convenient financing solutions, Xanderia is well on its way to achieving its goal. As the first fully online Automated IPF for Civil Servants, Xanderia has set itself apart from its competitors and is on track to become a go-to provider for those seeking easy-to-use affordable, and sustainable financing solutions.