CIMB ISLAMIC STRENGTHENS ITS SUPPORT OF ASNAF FARMERS IN KEDAH WITH CONTRIBUTION OF PADDY HARVESTER MACHINE

YAN, Kedah Sept 23 (Bernama) -- CIMB Islamic Bank Berhad (“CIMB Islamic” or “the Bank”) strengthened its support of asnaf in Kedah through the Bank’s contribution of a paddy harvester machine worth RM298,000 to Lembaga Zakat Negeri Kedah (“LZNK”) under the Asnaf Large-Scale SMART Paddy Field or Smart Sawah Berskala Besar Asnaf programme (“SBBA” or “the Programme”). The contribution was mobilised through CIMB Islamic’s Zakat Wakalah Fund to support the programme, which aims to upskill local asnaf farmers and address the nation’s food security challenges while minimising the overall production and outsourcing costs of producing paddy.

The provision of the machine is expected to provide significant savings of up to RM5,600 yearly per farmer for each hectare. As part of the collaboration, asnaf farmers will now be able to use the LZNK paddy harvester machine for only RM40 per relong, compared to renting local machinery, which will usually cost about RM120 per relong. On top of that, participating asnaf farmers will also be able to save up to RM24 for transporting a tonne of paddy and up to RM10 for the use of agricultural drones.