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Reaching the underbanked segment through collaborations with Mambu, Experian and Pod Mohd Muazzam Mohamed (second from right), Bank Islam’s CEO with Nadia Ismail (second from left), Pod’s Co-founder and CEO at the MoU signing between Bank Islam and Pod, recently. Bank Islam Malaysia Berhad (“Bank Islam”) is charging ahead as a value-based intermediary to create a platform-based solution so more people can have access to Shariah-compliant products which are based on risk-sharing and fairness. Bank Islam, through its new division, Centre of Digital Experience (“CDX”), has been actively laying the foundation to set up a 100% digital bank built on a flexible platform that allows partners such as fintechs, digital marketplaces and other strategic partners to plug in directly. In the course of setting up the all-new digital bank, two infrastructure partners - i.e. Mambu, the market leading SaaS banking platform and Experian, a leading global information services company - have been selec...

Financing repayment flexibility provided to customers of House Financing, Personal Financing and Vehicle Financing facilities Concerned for those badly affected by floods, Bank Islam Malaysia Berhad ("Bank Islam") today offers Prihatin Programme to assist affected financing customers. This programme aims to ease flood victims' financial burden, customers under the Bank Islam House Financing, Personal Financing and Vehicle Financing facilities. Eligible customers can apply for a moratorium of up to six (6) months to pay their monthly commitment subject to the conditions set. Bank Islam's Chief Executive Officer, Mohd Muazzam Mohamed said, "Bank Islam is keeping abreast with the latest news on the flooding situation at all affected areas, and will be taking proactive actions in helping its affected customers." “We are aware of the difficulties experienced by our customers in dealing with the current situation, especially with the severe flood situation and the...

AMAL squad also contributed food and drinks packs to Angkatan Pertahanan Awam Malaysia (APM) at Institut Pendidikan Guru (IPG), Kampus Tawau, Sabah. Concerned with the spike of COVID-19 cases in Sabah, BIMB Holdings Berhad (“BHB”) and its wholly-owned subsidiary, Bank Islam Malaysia Berhad (“Bank Islam” or “the Bank”) has acted to increase its COVID-19 AMAL Prihatin relief for the state. This time, BHB and Bank Islam have allocated RM100,000 from its corporate social responsibility fund for the initiative. Among the assistance offered for the second COVID-19 AMAL Prihatin relief to Sabah include: RM20,000 channelled to frontliners in four districts - Tawau, Lahad Datu, Sandakan and Kota Kinabalu - in the form of food supplies and drinks, as well as other necessities. RM80,000 for 800 affected families in five districts - Tawau, Lahad Datu, Tuaran, Sandakan and Semporna - in form of basic necessities. Identification and distribution process are done through collaborations with Lahad ...

Thorough sterilization and disinfection of the branch were conducted to protect the wellbeing of customers and employees Bank Islam Malaysia Berhad (“Bank Islam”) is temporarily closing its Lahad Datu Branch in Sabah, including its self-service terminals effective immediately until further notice. The branch closure is part of the precautionary steps taken after an employee tested positive for COVID-19. The staff is currently undergoing treatment at a government hospital. The employee and her immediate family underwent home quarantine since 28 September 2020 after a recent trip to Tawau. The step is taken in accordance with Bank Islam’s safety and health guidelines on COVID-19. Bank Islam has conducted thorough sterilisation and disinfection of the branch, including its common facilities today. The Bank has also undertaken contact tracing measure to identify and inform individuals who had direct contact with the employee and advising them to undergo medical screening and home quaranti...

Bank Islam Malaysia Berhad (“Bank Islam”) will open ten (10) branches on two (2) consecutive Saturdays as part of proactive measures taken in facilitating its customers who need financial assistance post moratorium. The current automatic moratorium period will end on 30 September 2020. Mindful of the challenging economic landscape, the Bank is offering targeted payment assistance for individual customers and Small and Medium Enterprises (“SME”) affected by COVID-19. Bank Islam’s Chief Executive Officer, Mohd Muazzam Mohamed said, “We understand that some customers might have difficulties in visiting our branches during normal operation hours. Hence, we have taken the initiative to operate ten (10) branches nationwide on Saturday, 12 & 19 September 2020, from 10:00 AM to 3:00 PM for consultations and submission of post moratorium financial assistance applications.” “The Bank stands ready to ensure customers’ financial needs are taken care of, and they are ready to navigate t...

Bank Islam Malaysia Berhad (“Bank Islam”) welcomes Tan Sri Dr Ismail bin Haji Bakar as its new Chairman with effect from 1 August 2020. Tan Sri Dr Ismail bin Haji Bakar succeeds Datuk Zamani Abdul Ghani who retired from the Bank on 1 March 2020 after 9 years of service. Tan Sri Dr Ismail bin Haji Bakar was appointed the 14th Chief Secretary to the Government on 29 August 2018 before retiring in December 2019. He has over 30 years of extensive experience in the civil service having served several important portfolios including Secretary-General of the Finance, Agriculture and Agro-based Industry and Transport Ministries as well as Budget Director at the National Budget Office of the Ministry of Finance. He was also a Senior Advisor to the World Bank Group, Washington DC from 2008 until 2010. Tan Sri Dr Ismail bin Haji Bakar holds a Bachelor of Economics (Hons) degree from Universiti Malaya, and a Master of Business Administration as well as a doctorate from the University of Hull, ...

Bank Islam Malaysia Berhad (“Bank Islam”) today encourages individual customers to experience its newly enhanced virtual service platform, Virtual Account Opening (“VAO”), which enable customers to open selected bank accounts online, at their convenience. It includes Bank Islam’s Basic Saving Account, Qard Saving Account and Al-Awfar Investment Account. This hassle-free solution is a part of Bank Islam’s digital transformation initiative that aims to widen banking access, save customer’s time through a simplified application process, as well as cost- saving and environment-conscious by going paperless. Bank Islam’s Chief Executive Officer, Mohd Muazzam Mohamed said, “This virtual account opening initiative aimed to bring greater convenience and value to customers, at the same time, shaping the future of banking. Since the launch of the VAO in February 2018, we have received an average of nearly 2,000 account openings through the platform every month, thus significantly reduce queu...

Aerial view of solar PV panels’ installation Bank Islam Malaysia Berhad (“Bank Islam”) is partnering with Tenaga Nasional Berhad (“TNB”) and its subsidiary, GSPARX Sdn Bhd (“GSPARX”) to provide financing for solar photovoltaic (PV) ownership for home owners in the country. The partnership is part of the Bank’s green financing journey that focuses on encouraging sustainable business and lifestyle practices. Bank Islam’s Chief Executive Officer, Mohd Muazzam Mohamed said, “TNB has long been amongst the Bank’s most valued client with a wide range of financial and banking solutions offered to them and their subsidiaries. This latest offering of our personal financing product to GSPARX’s solar PV package customer is an extension of the symbiotic relationship between the three parties.” “Through this collaboration, Bank Islam is offering up to 100% financing for the purchase of GSPARX’s solar PV package or up to RM300,000 with attractive floating rate of as low as 4.67% (“BR +1.90%...

Haji Ismail A Ghani (dua dari kiri), Pengurus Pengguna Negeri (Negeri Sembilan/Melaka) Bank Islam, menyampaikan bantuan khas AMAL Prihatin COVID-19 kepada Zulyadain bin Limat (tiga dari kiri), Ketua Penolong Pengarah, Bahagian Kebajikan Produktif & Komuniti, Jabatan Kebajikan Masyarakat Negeri Sembilan. Bank Islam Malaysia Berhad (“Bank Islam”) melalui cabang tanggungjawab korporatnya, AMAL, telah menyumbangkan sebanyak 3,190 set kelengkapan perlindungan diri (“PPE”) untuk kegunaan petugas kesihatan yang mengendalikan pesakit COVID-19 di beberapa buah hospital di Negeri Sembilan, Melaka, Johor dan Pahang. Abdullah Ibrahim (tiga dari kiri), Pengurus Wilayah Selatan Bank Islam, menyampaikan bantuan khas AMAL Prihatin COVID-19  kepada Mohd Shafiq bin Mat Said, (empat dari kiri )Penolong Pengarah Pembangunan Asnaf, Majlis Agama Islam Negeri Johor.   Ketua Pegawai Eksekutif Bank Islam, Mohd Muazzam Mohamed berkata, “Walaupun Malaysia kini sudah hampir berj...

Bank Islam Malaysia Berhad (“Bank Islam”) now offers a seamless electronic payment facility for customers to fulfil their Zakat Fitrah obligation during the Holy Month of Ramadan. The SnapNPay mobile app is made available through partnerships with our strategic partners, SnapNPay Digital Sdn Bhd (“SNPD”) and eleven (11) participating Zakat Authorities. The service is open to everyone and not limited to Bank Islam’s customers. Through the app, registration or personal details are not required. Instead, an e-mail address is sufficient to complete the transaction. Bank Islam’s Chief Executive Officer, Mohd Muazzam Mohamed said, “Following the COVID-19 outbreak and the arrival of Ramadan, Bank Islam is playing our part by offering an online Zakat Fitrah payment facility to minimise public movement and avoid unnecessary physical contact. We are always innovating towards giving added value to our customers across various segments. The collaboration with SNPD started in 2018 through thei...

Funds will be utilised to support the needs of frontliners and underprivileged communities  Chief Executive Officer of BHB, Mohd Muazzam Mohamed (left) presents a mock cheque amounting RM1 million for the contribution to the Musa’adah Covid-19 Fund to YB Senator Dato’ Seri Dr Haji Zulkifli Mohammad Al-Bakri, Minister in The Prime Minister’s Department (centre) on 30 March. BIMB Holdings Berhad (“BHB”) with its wholly-owned subsidiary, Bank Islam Malaysia Berhad (“Bank Islam or the Bank”) earlier this week announces their contribution totalling RM1.6 million to support various humanitarian and medical-related causes in combating the COVID-19 pandemic. BHB contributed RM1.0 million to #MusaadahCOVID-19 Fund, a fundraising programme initiated by Minister in the Prime Minister’s Department (Religious Affairs). The fund is to provide relief to muslim and non-muslim frontliners who are adversely affected by the outbreak. The contribution was presented to YB Senator Dato’ Seri D...

Bank Islam Malaysia Berhad (“Bank Islam”) and local financial technology (Fintech) company Global Psytech Sdn Bhd (“Global Psytech”), are currently collaborating to implement an innovative credit risk assessment solution known as General Financial Insights (GFI). GFI estimates the risk of providing financing to an applicant, even in the absence of a traditional credit history. It will allow a financial institution to finance with confidence to aspiring entrepreneurs who might otherwise be sidelined from the financial system, particularly those in the Micro, Small & Medium Enterprises (MSME) sector. Sharing the goal of leveraging on non-traditional qualitative and quantitative data, the two organisations worked in partnership to provide an avenue for assessing applications even when credit history is unavailable or inadequate. GFI accurately estimates the risks associated with financing, using behavioural analytics and machine learning algorithms. Within minutes, GFI automati...

Bank Islam’s CEO, Mohd Muazzam Mohamed poses with the Al-Mansor Excellence Award under the Islamic Financial Services category which was presented to Bank Islam at the Islamic Excellence Awards 1441H/2020 organised by Majlis Dakwah Negara yesterday. Bank Islam Malaysia Berhad, Malaysia’s leading Islamic bank, ushers in the New Year with winning the Al-Mansor Excellence Award in Islamic Financial Services at the Islamic Excellence Awards 1441H/2020AD. The award recognises Bank Islam’s outstanding performance and contribution in the field of Islamic Banking and Finance in the country, compatible with the global landscape. Bank Islam’s Chief Executive Officer, Encik Mohd Muazzam Mohamed received the award from the Sultan of Perak, HRH Sultan Nazrin Muizzudin Shah ibni Almarhum Sultan Azlan Muhibbuddin Shah Al-Maghfur-Lah at the Islamic Excellence Awards 1441H/2020AD Appreciation Night held yesterday evening at Royale Chulan Kuala Lumpur. Encik Mohd Muazzam Mohamed said,...

(Dari kiri) Puan Siti Rohani Nadir, Pengarah Bahagian Pengurusan Korporat JBPM, Dato’ Mohammad Hamdan Hj. Wahid, Ketua Pengarah JBPM, Encik Mohd Muazzam Mohamed, Ketua Pegawai Eksekutif Bank Islam dan Encik Zamree Mohamed, Ketua Perbankan Pengguna bergambar bersama di Majlis Menandatangani Nota Kolaborasi antara Bank Islam dan JBPM di Subang Jaya, Selangor. Bank Islam Malaysia Berhad (“Bank Islam”) awal bulan ini menandatangani nota kolaborasi dengan Jabatan Bomba dan Penyelamat Malaysia (“JBPM”) untuk perkongsian ilmu terutamanya dalam bidang perbankan dan pengurusan kewangan Islam serta keselamatan kebakaran melalui program-program anjuran bersama serta aktiviti bersepadu ke arah meningkatkan lagi kerjasama di antara kedua-dua pihak.  Menandatangani nota kolaborasi tersebut bagi pihak Bank Islam ialah Encik Zamree Mohamed, Ketua Perbankan Pengguna, manakala JBPM diwakili oleh Puan Siti Rohani Nadir, Pengarah Bahagian Pengurusan Korporat. Majlis ringkas tersebut telah tur...

Allocates RM300 million to support Sarawak Energy’s Vendor Financing Programme (seated from left) Sarawak Energy Group Chief Operating Officer, Lu Yew Hung; Bank Islam Head of Commercial, Ahmad Haliman Abdul Halim and Azlan Mohd Agel, SJPP General Manager signing a strategic memorandum to provide RM300 million worth of financing solutions to vendors listed under the Sarawak Energy Vendor Financing Programme in Kuching, Sarawak recently. Bank Islam Malaysia Berhad ("Bank Islam") today signed a Memorandum of Understanding (“MoU”) with Sarawak Energy Berhad (“Sarawak Energy”) and Syarikat Jaminan Pembiayaan Perniagaan Berhad (“SJPP”) to provide financing solutions for vendors listed under Sarawak Energy’s Vendor Financing Programme. With a total allocation of RM300 million, the programme aims at improving access to financing and liquidity to vendors with secured contracts from Sarawak Energy and are in compliance with Bank Islam’s credit assessment and SJPP’s eligibility ...

Empowering Women-Owned SME's Capabilities and Capacity ( centre) YAB Dato 'Seri Dr. Wan Azizah Dr. Wan Ismail, Deputy Prime Minister launches Bank Islam's Women in Business (“WinBiz) Programme alongside with Encik Mohd Muazzam Mohamed, Chief Executive of Bank Islam (left) and Datuk Zamani Abdul Ghani, Chairman of Bank Islam (right) at Royale Chulan Kuala Lumpur. Bank Islam Malaysia Berhad ("Bank Islam") today introduced a new programme dedicated for women entrepreneurs under the small and medium enterprises (“SME”) segment known as Women in Business (“WinBiz”). The launch was officiated by YAB Dato' Seri Dr. Wan Azizah Dr. Wan Ismail, Deputy Prime Minister who is also Minister of Women, Family and Community Development. Also present were Datuk Zamani Abdul Ghani, Chairman of Bank Islam and Encik Mohd Muazzam Mohamed, Chief Executive Officer of Bank Islam at Royale Chulan Kuala Lumpur. WinBiz programme offers a comprehensive range of banking fa...

(Tengah) Encik Mohd Muazzam Mohamed, Ketua Pegawai Eksekutif Bank Islam bersama-sama dengan para pemenang ‘Kempen Hari Guru dan Jururawat 2019’ di Menara Bank Islam. Bank Islam Malaysia Berhad ("Bank Islam") pada awal minggu ini menganjurkan majlis penyampaian hadiah kepada para pemenang Kempen Hari Guru dan Jururawat 2019 di Menara Bank Islam, Kuala Lumpur. Sebanyak lima unit kereta PERODUA MyVi 1.3L Auto dan 85 baucar petrol bernilai RM500 setiap satu telah disampaikan kepada pelanggan Pembiayaan Peribadi-i terpilih dalam satu majlis ringkas yang diadakan di Menara Bank Islam. Menyempurnakan penyampaian hadiah tersebut kepada pemenang ialah Encik Mohd Muazzam Mohamed, Ketua Pegawai Eksekutif Bank Islam, Encik Mohamed Iran Moriff Mohd Shariff, Ketua Pegawai Operasi, Bank Islam bersama Ketua Perbankan Pengguna Bank Islam, Encik Zamree Mohamed. (Kiri) Encik Mohd Muazzam Mohamed, Ketua Pegawai Eksekutif Bank Islam bersama Puan Haliyaton Sapiah Binti Hanafi, sa...

Bank Islam’s CEO, Encik Mohd Muazzam Mohamed holding one of the three awards from MEPA 2019. Bank Islam Malaysia Berhad (“Bank Islam”) garnered three awards at the Malaysian e-Payments Excellence Awards (MEPA) 2019 on Wednesday, 31 July 2019 for its contributions to the growth of electronic payments (e-payments) in the country. It received recognition for Best Customer Experience (Direct Debit), Best Direct Debit Bank and Best FPX Bank. Bank Islam’s Chief Executive Officer, Encik Mohd Muazzam Mohamed said, the recognition as Best Customer Experience (Direct Debit) for the second time, with the first in 2017, is a testament for its continuous efforts to be at the forefront of digital banking in Malaysia. “The Bank remains resolute in our Digital Transformation journey as embracing technological change and bringing technology onto our Shariah solutions are some of the keys in delivering sustainable growth. Delivering services that aligned to current digital trends will improve custo...

R to L: Tan Sri Ambrin Buang, Chairman of BIMB Holdings Berhad receiving the award from PwC Building Trust Awards 2019 judge Nadiah Wan BIMB Holdings Berhad’s (BHB) was recently selected as top 20 finalists in PwC Malaysia's Building Trust Awards 2019. It is an award which recognises Malaysian companies that make strides in building trust through their communications and interactions with stakeholders. Selection of the finalists was made based on the quality of BHB integrated annual report benchmarked against the International Integrated Reporting Council (IIRC) Framework together with the measurement of trust perception via assessment of leadership trust and poll from the public. No submissions or nominations were accepted for this award. Meanwhile, for the first time, BHB’s wholly-owned subsidiary, Bank Islam Malaysia Berhad (“Bank Islam”), has emerged top of the Bloomberg’s Global Sukuk league table from its 27th position (as at the end of 2018) in the first half of this ye...

Encik Azrin Hadi, Chief Executive Officer, BerryPay (second from left) and Encik Adi Asri Baharom, Head of Treasury, Bank Islam (second from right) after signing the MoU between Bank Islam and BerryPay, witnessed by (left) Dato’ Dr Mohd Daud Bakar, Chairman, BerryPay and Encik Mohd Muazzam Mohamed, CEO of Bank Islam (right). Bank Islam Malaysia Berhad (“Bank Islam”) recently signed memorandum of understanding with two financial technology (“Fintech”) firms namely BerryPay (M) Sdn. Bhd. (“BerryPay”) and KiplePay Sdn. Bhd. (“KiplePay”) to offer new convenience of financial transaction through mobile remittance and e-wallet platform. The signing ceremony was witnessed by Encik Mohd Muazzam Mohamed, Chief Executive Officer (“CEO”) of Bank Islam, Dato Dr. Mohd Daud Bakar, Chairman of BerryPay and Encik Tan Kay Yen, CEO of KiplePay. BerryPay will provide mobile remittance services to serve foreign worker account holders by bridging them through a unique e-banking system of pseudo bank a...