M24 Tawreeq

Aims to lead the way for our maiden foray into the world of banking and finance, drawing on the talents of our experienced managers who were former bankers and financiers in conventional banking.

M24 Tawreeq will begin by offering lucrative and evergreen factoring services for companies with non-ringgit business receivables, setting the stage for more financing products to come.

We will facilitate short-term, Sharia-compliant, and digital-friendly business financing to help SMEs manage their invoice receivables and cash flow at reduced costs and with fast turnaround times.

Our focus to eventually be a leader in the peer-to-peer short-term Islamic money market.

Our system development expertise will eventually allow customers to conduct all their business financing online, cutting down on waiting times and saving money all around.

With our active participation and commitment to provide competitive rates, we aim to be the avenue of choice for SMEs everywhere who seek Sharia-compliant financing to help them manage their business flows cheaper than with conventional service providers.

Our Shariah Advisor

Dr. Mohammad Mahbubi Ali is Head of Economics, Finance, Zakat and Awqaf at the International Institute of Advanced Islamic Studies (IAIS) Malaysia. He also serves as a Shariah advisor for Affin Islamic Bank Malaysia. Previously, he was a researcher at the International Shari’ah Research Academy for Islamic Finance (ISRA). During his stint at ISRA, he had contributed to numerous ISRA’s research publications, mainly involving in the drafting of BNM Shari’ah Standards. He is also a Shariah advisor for several advisory and consultancy firms, including Masyref Management House, Malaysia, ZICO Shariah Advisory Malaysia, and Dar al-Muraja’ah Al-Shar’iyyah Bahrain. In the academic world, he used to teache postgraduate students at INCEIF The Global University of Islamic Finance, Tazkia Institute, Airlangga University and Gajah Mada University.


He received a PhD in Islamic Banking and Finance from the Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM). He holds a bachelor degree in Shari’ah Business and Financial Management from Tazkia Institute and Chartered Islamic Finance Professional (CIFP) from INCEIF, The Global University in Islamic Finance, Malaysia. He is also a member of the Association of Shariah Advisors in Islamic Finance (ASAS).


He has published numerous articles in international and local refereed academic journals, written several book chapters and presented many papers in various international conferences. His paper entitled: “A Framework of Income Purification for Islamic Financial Institutions,” was conferred best paper presentation in Sharia Economics Conference, University of Hannover, Germany, 2013.

Top Management

Ahmad Tarmizee Bin Ab Hamid

Group Managing Director and Founder

Kasful Khairi Bin Mohd Dadiri

Group Executive Director and Founder