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Encik Azrin Hadi, Chief Executive Officer, BerryPay (second from left) and Encik Adi Asri Baharom, Head of Treasury, Bank Islam (second from right) after signing the MoU between Bank Islam and BerryPay, witnessed by (left) Dato’ Dr Mohd Daud Bakar, Chairman, BerryPay and Encik Mohd Muazzam Mohamed, CEO of Bank Islam (right). Bank Islam Malaysia Berhad (“Bank Islam”) recently signed memorandum of understanding with two financial technology (“Fintech”) firms namely BerryPay (M) Sdn. Bhd. (“BerryPay”) and KiplePay Sdn. Bhd. (“KiplePay”) to offer new convenience of financial transaction through mobile remittance and e-wallet platform. The signing ceremony was witnessed by Encik Mohd Muazzam Mohamed, Chief Executive Officer (“CEO”) of Bank Islam, Dato Dr. Mohd Daud Bakar, Chairman of BerryPay and Encik Tan Kay Yen, CEO of KiplePay. BerryPay will provide mobile remittance services to serve foreign worker account holders by bridging them through a unique e-banking system of pseudo bank a...

(From left) Bank Islam’s CEO, Encik Mohd Muazzam Mohamed, Encik Ahmad Haliman Abdul Halim, Head of Commercial Banking, Bank Islam, Tuan Haji Omar Khalid, CEO, TiME Marine Services his Executive Director Encik Hamidon Md Khayon Bank Islam Malaysia Berhad (“Bank Islam”) recently signed a financing facility agreement with TiME Marine Services Sdn Bhd to part finance its green technology project known as ‘Onshore Hydrocarbon Recovery from Sludge’ in collaboration with Petroliam Nasional Berhad (PETRONAS). Time Marine Services, a multi-services company for the oil and gas industry, is the winner of the third PETRONAS Technology Challenge announced in September 2018. The PETRONAS Technology Challenge is a technology crowdsourcing initiative which aims to seek innovative solutions to address PETRONAS operational pain-points. TiME Marine Services Sdn Bhd proposed a solution consisting of a biodegradable chemical and mechanical technologies that can effectively recover hydrocarbon, w...

(From left) Asmarizal Ahmad, Assistant General Manager of Deposits and Cash Management, Mohd Muazzam Mohamed, Chief Executive Officer, Adi Asri Baharom, Head of Treasury and Mohamed Iran Moriff Mohd Shariff, Chief Operating Officer together launched the ‘New Al-Awfar’ Bank Islam Malaysia Berhad ("Bank Islam") recently celebrates the 10th year anniversary of its Al-Awfar product by announcing several enhancements of the said product. Known as the “New Al-Awfar”, this investment account will provide more attractive offers to its customers including an increase in the value of prizes of up to RM14 million. On 25 March 2009, Bank Islam made history in the Islamic banking industry when the Bank pioneered the offering of the first-of-its-kind Al-Awfar, an innovative investment account product with an attractive prize offer. It is a low-risk investment account based on Mudarabah concept where Al-Awfar funds are invested in existing Housing  Financing and Fixed Assets por...