Search

MORE NEWS
RETAIL BANKING | Cesar Tordesillas, Malaysia
Published: 28 Sep 11
977 views


Bank Islam targets 100,000 depositors for junior account

Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior Savings Account-i for young customers.

 

The consumer banking business contributes 70 per cent to Bank Islam's assets.

"With the launch of this new product, the bank expects a minimum growth of 15 per cent in its assets from RM9.2 billion last year," said general manager for consumer banking, Khairul Kamarudin.

He said Al-Awfar Junior would allow the bank to further expand its customer base to include the younger generation.

"With the introduction of the Al-Awfar Junior Savings Account-i, Bank Islam has taken a big step towards enhancing its position as the leader in the Islamic banking industry and ensuring that syariah-based financial products and services are available at every level," he said.

The full story is available at Bernama.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: junior savings account

PRINT ISSUE »

Subscribe Now
China moves from WMPs to AMPs

23 views

The yin and yang of Qianhai

18 views

Malaysian SMEs snub hedging products

15 views

MOST READ EXCLUSIVES

National Australia Bank unveils Singapore branch

National Australia Bank unveils Singapore branch

Get an inside look through these photos.

by STAFF REPORTER
26 Mar 2014 | 1393 views
 

JPMAM’s new CEO says clients should “re-risk” their portfolios

JPMAM’s new CEO says clients should  “re-risk” their portfolios

Find out why this is urged.

by STAFF REPORTER
31 Mar 2014 | 514 views

Why China is Asia’s economic bellwether

Why China is Asia’s economic bellwether

But it's in for a very bumpy ride.

by STAFF REPORTER
3 Apr 2014 | 402 views
 

Banks vs E-services: Should traditional banking services fear digitization?

Banks vs E-services: Should traditional banking services fear digitization?

Find out what Citi, Maybank, DBS, and other major banks in Asia have to say.

by STAFF REPORTER
2 Apr 2014 | 343 views