Bank Islam Malaysia Berhad (Bank Islam), Malaysia’s most established Islamic bank, is exploring greater synergy with Lembaga Tabung Haji (the Pilgrim’s fund) in its efforts to spur growth for its consumer banking arm.
The collaboration is expected to include sharing of information and banking services especially consumer banking facilities including its home financing (BAITI) and Bank Islam Card.
Bank Islam’s Managing Director, Dato’ Zukri Samat, said this year the bank has targeted a rise of 25% in consumer banking revenues and it is only natural for us to tap into the huge membership base of Tabung Haji which is the majority stakeholder of our bank.
“We want to extend to Tabung Haji’s depositors the benefit of Shariah compliant banking products, some which will only be made available to them.
“For the bank, the partnership allows Bank Islam to grab the opportunity to customize services for pilgrims,” he said at the prize giving ceremony for Bank Islam’s “Peraduan Tulis dan Menang”, held jointly with Lembaga Tabung Haji.
Dato’ Zukri added, looking ahead, Bank Islam plans to introduce more cross-selling activities and other relationship programs. Apart from that, both organizations would also cooperate to offer other services at several locations that will be determined by both parties later. Both organizations will also explore the possibility for pilgrims being able to trancast at Bank Islam’s ATM machines in places like Mecca and Medina.
Tabung Haji had 5.1 million depositors last year with RM12.8 billion total accumulated savings, compared with 4.9 million the previous year with RM12.1 billion. Started in 1963, the fund today has depositors from New Zealand, Fiji, New Caledonia, Hong Kong, Taiwan, Korea, Japan and Australia.
More than two million pilgrims from all over the world perform the Haj each year, with about 25,000 pilgrims coming from Malaysia.
Meanwhile, the latest contest jointly organised by Bank Islam and Tabung Haji that was opened to 20,000 participants, with Ab Rahman Ismail and Ramli Salikan, both from Johor, and Basri Nawawi, from Perlis being named winners.
Each won an Umrah package worth more than RM4,000 each for travel between July to September this year.
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