KUALA LUMPUR, Aug 4 (Bernama) -- Bank Muamalat Malaysia Berhad is ready to provide targeted payment assistance to customers who expect to face difficulties in making their  financing payments after the moratorium period ends on 30 September 2020.
 
Bank Muamalat Chief Executive Officer, Khairul Kamarudin said the targeted payment assistance offered by Bank Muamalat is in line with the government’s extended COVID-19 relief initiatives, as announced by the Prime Minister recently.
 
“Bank Muamalat has reached out to all its customers via short messaging service (SMS) and through various social media platforms to ensure that customers are aware of the payment assistance provided by the bank,” Khairul added.
 
The targeted payment assistance is available to customers in the following Vulnerable Categories:
 
i) Individuals who have lost their jobs in 2020 and are yet to be employed; they will be provided a further targeted moratorium extension for a period of 3 months from 1 October 2020.
ii) Individuals who are still employed but have had their salary reduced; their monthly instalment can be lowered in tandem with their pay cuts, depending on the type of financing for a period of 6 months from 1 October 2020.
 
For other customers who are affected but do not fall into the Vulnerable Categories, payment assistance will be provided on a case-by-case basis.
 
Bank Muamalat customers who need further information on the targeted payment assistance are advised to visit the nearest Bank Muamalat branch or contact us at + 603-2600 5500 or visit our website at www.muamalat.com.my. Please refer to the Frequently Asked Questions (FAQ) on Payment Assistance Post Moratorium and submit the application form. 

About Bank Muamalat Malaysia Berhad

Bank Muamalat is a leading Islamic bank, established on 1 October 1999, and is governed by Islamic Financial Services Act 2013 (IFSA). As a full-fledged Islamic financial institution, the bank offers its customers a broad range of services, meeting the needs of both individuals and institutions.
 
In essence, Bank Muamalat provides individuals with services ranging from deposit accounts, asset management, financing needs for automobiles, homes and personal use as well as wealth management products such as family and general takaful, investments, Islamic estate planning to non-financial products such as Islamic funeral management, Quranic learning and halal tours. The Bank offers corporate and institutional customers the full product range of a leading corporate and investment bank, from cash management, payment solutions including trade and export finance to international foreign exchange, financing and capital market transactions. 
 
Bank Muamalat has presence nationwide via a network of 66 branches. In addition, Bank Muamalat also has its electronic channels encompassing i-Muamalat (the Bank’s internet banking solution) and our Self Service Terminals (SST) which are available at almost 141 locations through its network of ATMs, CDMs and CICOs. We also provide corporate internet banking at your convenience.
 
Bank Muamalat is a member of the DRB-HICOM Berhad Group which owns 70% of the Bank’s shares with the remaining stake held by Khazanah Nasional Berhad.
 
Bank Muamalat was officially accepted as a member of Global Alliance for Banking on Values (GABV) on 15 November 2017. Signaling a growing appetite for the values-based banking movement, Bank Muamalat is the first Islamic bank in the world and the first in Southeast Asean region to be accepted as a member of GABV. 

SOURCE: Bank Muamalat Malaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Saidatul Leiza Suleiman
Tel: +6011 1061 5266 
Email: leiza@muamalat.com.my

--BERNAMA