Bank Islam Malaysia Berhad (“Bank Islam”) today introduced a new and easy method, through SnapNPay, for users to contribute to Sadaqa House, a Social Finance initiative that was launched by Bank Islam early this year.
SnapNpay is a mobile application developed by SnapNPay LLP which enables the public to make payments using the FPX engines by making use of the information or data listed by the customer (payee) in the mode of QR code or Barcode. Users are only required to download the SnapNPay application from Playstore (Android – already available) or Appstore (Apple – by January 2019) for free with no registration needed.
Encik Mohd Muazzam Mohamed, Bank Islam’s Chief Executive Officer said, “The best part is, anyone can make this transaction, as one QR code can cater for all 17 FPX banks in Malaysia, thus, it eliminates the need to have Multiple QR code from individual banks and payment is on real time basis.”
“Today, we are bringing technology onto our Shariah solution, delivering a service that is more aligned with the current digital trend. This initiative is part of the Bank’s digital journey to ensure convenience, efficient servicing and high impact with the ease of implementation,” he added. SnapNPay services will also be extended to iSadaqah platform for customers or the public to make donations to participating mosque and surau as well as iPBT platform for Local Authority (Pihak Berkuasa Tempatan) for customers to perform payments such as quit rent and assessment fees.
For iPBT, Majlis Bandaraya Shah Alam (MBSA) has already started using SnapNPay as one of their payment collection medium since August 2018.
Sadaqa House is a first-of-its-kind Islamic crowdfunding platform that was launched by Bank Islam on 19 January 2018. It allows the public to donate using various Bank Islam digital platforms such Internet Banking, TAP Mobile Banking-i, Bank Islam Credit Card and the newly launched SnapNPay apps into Sadaqa House account. The fund collected from this digital Islamic crowdfunding will be channelled to realise projects for underserved segments such as health, education and economic empowerment including environment. The public or Bank’s customers may donate any amount into the Sadaqa House account. The fund will then be distributed to those in need who have been identified and selected by Bank Islam’s Zakat and Charity Committee after going through the due diligence process.
Individuals who wish to contribute towards the success of these identified projects may channel their fund via SnapNPay apps. The donation can also be performed through www.globalsadaqah.com/sadaqahouse, Bank Islam Internet Banking or IBG/IBFT transfer of fund from other bank accounts to the Bank Islam Sadaqa House account, 14014010188888.
These are the current campaigns under Sadaqa House:
- IJN Foundation – funding the cost of treatment of paediatric heart patients at Institut Jantung Negara (IJN)
- Yayasan Sultanah Bahiyah – to provide financial assistance to women entrepreneurs from among the underprivileged at Kedah
- Universiti Teknologi Malaysia – funding solar system for Orang Asli community in Kampung Woh Intake, Tapah Perak
Bank Islam welcomes anyone who has viable social projects benefitting the underserved to submit their proposals at firstname.lastname@example.org for consideration and further evaluation.