MUHAMMAD HAFIZI KASIM 2019

What is Japanese Compensation fund

By referring the historical backdrop of North Borneo Credit Corporation (NBCC) and now
known as Sabah Credit Corporation (SCC) it was begun with the $1 million allow of
Japanese pay store to propelling and works the organization in year of 1955. There are
certainties dependent on history how the existent Japanese remuneration finance. Amid
the Japanese pioneer time in Borneo many place that is known for sources Borneo were
taken by Japan for their very own benefit, for instance, items, for example, timber,
fishery and mining. Additionally in Japan frontier time they utilize nearby work laborers
to progress farming, mining and logging ventures particularly in zone North of Borneo,
as in Kudat locale, East Borneo in Sandakan region and as entirely inside of Borneo like
in Keningau area. So mean the colonization that occurred around then caused the

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Borneo's territory sources to be commanded by Japan. In addition, in the Japanese

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occupation period there was likewise a ton of harm to the war that happened for

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instance, bombings in Labuan Island, Jesselton and Sandakan. This brought about a

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great deal of misfortunes that happened in the north of Borneo. So dependent on the
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recorded certainties, all the Japanese colonization impacts on North Borneo made them
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pay to North Borneo after the world war II when the North Borneo is free from
colonization. As an end, Japanese pay reserves existed because of fighting and
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occupation colonization in North Borneo by the Japanese side.

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Why the name North Borneo Credit Corporation (NBCC) was change
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In year 1972, North Borneo Credit Corporation (NBCC) was renamed Sabah Credit
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Corporation (SCC).The name was change because the SCC is a financial institution
wholly owned by the Sabah State Government and operates under the purview of the
Sabah Ministry of Finance, deeply the name of NBCC it was replace to SCC because in
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that moment Sabah state government had the power and right to administer the state
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itself when the establishment of Malaysia was achieved with the combination of Sabah,
Sarawak and the Malay federation . The main objective of SCC is to help contribute
towards the socio-economy development of Sabah. Add The North Borneo Credit
Corporation NBCC became the Sabah Credit Corporation SCC in 1972, when the Sabah
Government renamed NBCC, and replaced the Ordinance by the State Enactment No.22,
1981 which governs all SCC activities now.

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 MUHAMMAD HAFIZI KASIM 2019

10 point special about Sabah Credit Corporation (SCC)

Sabah Credit is popular due to several factors, and it is operated since year 1955, the
main function of this large company is to help contribute towards the socio-economic
development of the State of Sabah. In its capacity as a financial institution, the
Corporation complements the Sabah State Government's efforts by providing or
facilitating financial credits to promote and encourage private investment involving
agriculture, light industry, development of rural and urban housing, shop houses and
public utilities and amenities.

Besides, the updated services provided like I-Personal Financing which attract the
attention many of people to know more and it is proved can help many of citizen in

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Sabah, especially under the I-Personal Financing they offering several services like

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SCC i-Executive is the latest Islamic personal financing product of Sabah Credit

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Corporation exclusively designed for organizations in the private sectors, and also the
new one is about SCC i-Cash is the newest Islamic personal financing product of Sabah

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Credit Corporation which is more flexible and empowering. The enabling instruments
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are, The Master facility Offer, The "Wakalah" and The Utilization Letter.

Other than that, actually the SCC most popular because of their excellency in terms of
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the service discipline a majority people know about this company when dealing will gets
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quick feedback either less than 3 days or as usual not more than 3 days in any case
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related business or management. In other side the SCC most popular because of the
Corporate Social Responsibility (CSR) by this financial institution, people know when
they doing either small-scale projects or a large projects in area of Sabah where can
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help needs of people and to eradicate poverty especially in rural areas. Add the SCC
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popular because this large company providing internship program for all students either
from collage or any public and private universities, where a lots of feedback and
respond from students for those who doing their interns in SCC satisfied to became
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more knowledgeable an experienced in a real situation of works life because of the

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good and excellent trainee from SCC.

In a nutshell, all point out the popularity of Sabah Credit Corporation is based on the
services, functions, and creativity or validation as a proactive financial institutions doing
and done many of programs in Sabah. The SCC also very well-known their consistency
to doing the CSR program in many area districts of Sabah.

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