KUCHING, August 29: Bank Islam Malaysia Berhad (Bank Islam) has started collaboration with Tabung Baitulmal Sarawak (TBS) in accepting zakat (tithes) payment via Bank Islam MasterCard Card and Visa Card as the nation’s pioneering Islamic bank extends the service outside peninsular Malaysia.
The new payment mode will allow cardholders in the state to pay their zakat dues through Bank Islam Card and Internet banking facility (bankislam.biz).
Bank Islam will be partnering with TBS, Majlis Islam Sarawak, the state’s zakat collection centre, to provide this service. A signing ceremony was held between the two parties to seal the partnership, witnessed by Menteri Muda, Jabatan Ketua Menteri (Religious Affairs) Y.B. Datu Hj. Daud bin Abdul Rahman.
According to Managing Director, Bank Islam, Dato’ Zukri Samat, this new mode of zakat payment reflects one of Bank Islam’s on-going initiatives to provide convenience for its growing number of cardholders
“On a bigger scale, it is also in line with the Bank’s commitment to continuously provide enhanced value for our customers and boost their banking experience with us” he said in his speech, which was delivered by Assistant General Manager, Bank Islam Card Centre, Abdul Rahim Abdul Razak.
Dato’ Zukri also said that through the partnership with TBS, Bank Islam hopes to encourage more Muslims, particularly those in Sarawak, to fulfill their duties and create greater awareness on the importance of paying zakat to help the poor and needy.
Bank Islam will provide credit card acceptance terminals at selected TBS’s branches. The TBS’s zakat collection centres have undergone a system enhancement exercise in which the new terminals will be able to process Bank Islam’s card payment spanning MasterCard, Visa and other bank’s Syariah-based principal cards.
The payment of zakat is obligatory on all Muslims. It refers to committing a fixed portion of one’s wealth for the poor and needy in the society.
Recently, the bank has collaborated with Majlis Agama Islam Selangor (MAIS) to set up a Financial Process Exchange (FPX) facility, which is an Internet payment method to allow the switching and routing of payment transaction requests between the bank and MAIS.
As at July 2006, Bank Islam has 29,144 subscribers for its internet banking facility — bankislam.biz and 103,014 users for its mobile banking facility — bankislam.sms.
Also at the same event, Bank Islam paid a total of RM73,143.00 business tithes to TBS.