ID :
209671
Tue, 09/27/2011 - 11:35
Auther :
Shortlink :
https://oananews.org//node/209671
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MALAYSIA'S BANK ISLAM EYES 100,000 YOUNG DEPOSITORS
KUALA LUMPUR, Sept 27 (Bernama) -- Bank Islam Malaysia Bhd says it expects to attract 100,000 depositors and deposits of RM50 million (US$15.88 million) within the first year of the launch of its Al-Awfar Junior Savings Account-i for young customers.
Its general manager for consumer banking, Khairul Kamarudin, said on Monday consumer banking business contributes 70 per cent to the group's assets.
"With the launch of this new product, the bank expects a minimum growth of 15 per cent in its assets from RM9.2 billion (US$2.92 billion) last year," he said at the launch of the product here.
He said Al-Awfar Junior would allow the bank to further expand its customer base to include the younger generation.
"With the introduction of the Al-Awfar Junior Savings Account-i, Bank Islam has taken a big step towards enhancing its position as the leader in the Islamic banking industry and ensuring that syariah-based financial products and services are available at every level," he said.
Al-Awfar Junior is a savings account based on Mudharabah contract, a
contract of profit sharing intended for those between one and 18 years old.
The minimum deposit to open the account is RM10 (US$3.18) which entitles the customers to one draw for a chance to win prizes such as Playstation 3, Galaxy Tab, cameras and other premium prizes.
Bank Islam is running a promotion starting on Tuesday where customers can open their Al-Awfar Junior Savings Account-i by presenting a copy of the Al-Awfar Junior promotion cut-out from newspaper advertisements, Bank Islam's Facebook and website.
The customers are entitled to a RM10 (US$3.18) initial deposit and open the account free by presenting the copy at any Bank Islam branch.
The promotion is limited to 5,000 new account openings and will be offered on a 'first-come, first-served' basis.
-- BERNAMA
Its general manager for consumer banking, Khairul Kamarudin, said on Monday consumer banking business contributes 70 per cent to the group's assets.
"With the launch of this new product, the bank expects a minimum growth of 15 per cent in its assets from RM9.2 billion (US$2.92 billion) last year," he said at the launch of the product here.
He said Al-Awfar Junior would allow the bank to further expand its customer base to include the younger generation.
"With the introduction of the Al-Awfar Junior Savings Account-i, Bank Islam has taken a big step towards enhancing its position as the leader in the Islamic banking industry and ensuring that syariah-based financial products and services are available at every level," he said.
Al-Awfar Junior is a savings account based on Mudharabah contract, a
contract of profit sharing intended for those between one and 18 years old.
The minimum deposit to open the account is RM10 (US$3.18) which entitles the customers to one draw for a chance to win prizes such as Playstation 3, Galaxy Tab, cameras and other premium prizes.
Bank Islam is running a promotion starting on Tuesday where customers can open their Al-Awfar Junior Savings Account-i by presenting a copy of the Al-Awfar Junior promotion cut-out from newspaper advertisements, Bank Islam's Facebook and website.
The customers are entitled to a RM10 (US$3.18) initial deposit and open the account free by presenting the copy at any Bank Islam branch.
The promotion is limited to 5,000 new account openings and will be offered on a 'first-come, first-served' basis.
-- BERNAMA
