Credit Guarantee Corporation (CGC) expects to provide financing worth RM200 million to about 400 small and medium enterprises (SMEs) under its first Islamic Portfolio Guarantee (PG) Scheme, in collaboration with Standard Chartered Saadiq Bhd.

CGC Managing Director Datuk Wan Azhar Wan Ahmad said the Islamic PG scheme will be executed based on Islamic financing and Shariah compliant terms to further improve channels of financing for SMEs in the country.