Latest from GIFC

Thursday, 13 September 2007

Maybank offers three new Islamic banking products


KUALA LUMPUR: Malayan Banking Bhd (Maybank) yesterday launched three new Islamic banking products – net Current Account-i, HomeEquity-i and ShophouseEquity-i – in conjunction with its Riang Ria Raya campaign. Maybank Islamic banking head Ibrahim Hassan said the new products offered rewards and incentives on a wide range of savings, investments and protection services. Net Current Account-i, believed to be the first Islamic Internet-based current account in Malaysia, was based on the concept of mudharabah (profit sharing), he said at the launch of the products here. It offers multi-tiered dividend rates, which are calculated daily and credited monthly. HomeEquity-i and ShophouseEquity-i are based on the syariah concept of musharakah mutanaqisah, which is a form of diminishing partnership contract where the customer and the bank jointly acquire and own the property. The Riang Ria Raya campaign, which runs until Nov 30, also offers customers a wide range of gifts and rewards. –

(Bernama, 13 Sep 07)
---
Alfalah Consulting - KL: www.alfalahconsulting.com 
Islamic finance consultant: www.ahmad-sanusi-husain.com 
Islamic Investment Malaysia: www.islamic-invest-malaysia.com

No comments:

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational Alfalah Consulting, KL-Malaysia: www.alfalahconsulting.com

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA
Register Online . Register Today

Islamic Financial Planning & Wealth Management by Ahmad Sanusi Husain