Grab Financial Group partners Sedania to provide Shariah-compliant financing to Malaysian drivers

Grab financial arm Grab Financial Group (GFG) Malaysia and Sedania Innovator Bhd’s fintech subsidiary Sedania As Salam Capital Sdn Bhd (SASC) announced Friday they are partnering to officially offer Grab Cash Financing-i, a Shariah compliant* financing product, to eligible Grab driver- and delivery-partners in Malaysia. Grab Cash Financing-i aims to provide Grab's driver- and delivery-partners with convenient and secure access to financing, so they can more easily address their immediate household and financial needs. This financing option lowers the barriers to micro-financing which is typically inaccessible to those below a certain income level and lack a formal credit history.