KUALA LUMPUR: MBSB Bank Bhd has formalised Islamic financing facilities worth RM1.3bil for Cypark Resources Bhd

, making it the company’s principal banking partner.

In a statement, MBSB said the facility, which combines refinancing and working capital solutions, is structured to strengthen Cypark’s capital structure, optimise cash flow and support growth.

Cypark will also place funds into MBSB Bank’s Sustainable Term Deposit-i, a product that channels deposits into environmental and social projects.

“This facility is a milestone in our own transformation as we align Islamic finance with national energy goals. By matching capital to long-term renewable assets, we are also shaping Malaysia’s clean energy future,” MBSB group chairman Datuk Wan Kamaruzaman Wan Ahmad said.

Cypark, Malaysia’s integrated renewable energy and environmental solutions provider, is known for solar, biogas and waste-to-energy projects, including the country’s first SMART Waste-to-Energy facility. With 400MW of installed renewable capacity, it plays a key role in Malaysia’s decarbonisation.

The financing marks a milestone in its Cypark 2.0 plan to strengthen finances, enhance operations and drive clean energy growth.

Through this financing, MBSB Bank will refinance Cypark’s established renewable energy assets in solar and waste-to-energy initiatives.

Cypark chairman Tan Sri Abdul Wahid Omar said the refinancing of the group’s debt alleviates a key financial exposure and positions the company to deliver sustainable growth while optimising shareholder returns.

“We value MBSB Bank not only as a financier but as a strategic partner who shares our vision for a low-carbon economy for Malaysia. Their confidence in our capabilities and commitment to the nation’s energy transition have been instrumental in achieving this milestone. We look forward to working closely with MBSB Bank to deliver robust solutions for firm renewable energy supply to the grid.”