• Latest
  • All
  • Lifestyle
  • Events
  • Insights
  • People
  • Voice
  • CSR
Bank Islam Continues Post-Moratorium Assistance Until June Next Year

Bank Islam Continues Post-Moratorium Assistance Until June Next Year

26/10/2020
Econsave Continues To Grow Steadily Amid The Pandemic & Will Open 7 More Branches This Year

Econsave Continues To Grow Steadily Amid The Pandemic & Will Open 7 More Branches This Year

22/02/2021
J&T Staff Shares That Parcels Drop Drastically Following The Change In The Commission System

J&T Staff Shares That Parcels Drop Drastically Following The Change In The Commission System

19/02/2021
Resort World Genting Finally Re-Opens After Lockdown & Guest Can Start Making Reservations

Resort World Genting Finally Re-Opens After Lockdown & Guest Can Start Making Reservations

19/02/2021
Selangkah App Will Soon Allow You To Make E-Payments & Use It To Scan MySejahtera QR Codes

Selangkah App Will Soon Allow You To Make E-Payments & Use It To Scan MySejahtera QR Codes

18/02/2021
Free Business Registration Extended To All B40 Entrepreneurs Who Want To Start a Business

Free Business Registration Extended To All B40 Entrepreneurs Who Want To Start a Business

17/02/2021
Here’s How To Register For Your COVID-19 Vaccination In Malaysia

Here’s How To Register For Your COVID-19 Vaccination In Malaysia

17/02/2021
WargaBiz

Malaysia's Fastest Growing Business
and Lifestyle Digital Media Platform
For Usahawan

No Result
View All Result
WargaBiz

Malaysia's Fastest Growing Business
and Lifestyle Digital Media Platform
For Usahawan

No Result
View All Result
WargaBiz

Malaysia's Fastest Growing Business
and Lifestyle Digital Media Platform
For Usahawan

No Result
View All Result
Bank Islam Continues Post-Moratorium Assistance Until June Next Year
  TRENDING
Econsave Continues To Grow Steadily Amid The Pandemic & Will Open 7 More Branches This Year 22/02/2021
J&T Staff Shares That Parcels Drop Drastically Following The Change In The Commission System 19/02/2021
Resort World Genting Finally Re-Opens After Lockdown & Guest Can Start Making Reservations 19/02/2021
Selangkah App Will Soon Allow You To Make E-Payments & Use It To Scan MySejahtera QR Codes 18/02/2021
Free Business Registration Extended To All B40 Entrepreneurs Who Want To Start a Business 17/02/2021
Next
Prev
Home Events

Bank Islam Continues Post-Moratorium Assistance Until June Next Year

Bank Islam is proactively reaching out to potentially vulnerable customers, especially in sectors such as tourism, hospitality and airline, that have been heavily impacted by COVID-19.

26/10/2020
WargaBizbyWargaBiz
in Events, Insights
3 min read
42
SHARES
Share on FacebookShare on Twitter

Bank Islam Malaysia Bhd’s targeted repayment assistance for customers affected by job loss or monthly salary reduction remains available until June 30,2021.

The bank assures it is committed to assisting its customers in navigating through current trying times, particularly following the recent spike in COVID-19 positive cases nationwide.

Rescheduling and restructuring options for customers

bank islam

Bank Islam further provides rescheduling and restructuring options for customers not impacted by the loss of jobs or facing reduced monthly income but need to re-strategise their finances. 

“We have been consistently approaching our business banking customers who need a more customised plan in servicing their financing since the beginning of the automatic moratorium in April 2020,” chief executive officer, Mohd Muazzam Mohamed said in a statement.

To date, the bank’s approval rate for business banking customers’ applications remains at almost 100% 

RelatedPosts

Econsave Continues To Grow Steadily Amid The Pandemic & Will Open 7 More Branches This Year

J&T Staff Shares That Parcels Drop Drastically Following The Change In The Commission System

Selangkah App Will Soon Allow You To Make E-Payments & Use It To Scan MySejahtera QR Codes

“Meanwhile, for retail customers, we have approved 100% of the total applications received with complete supporting documents, of which 43% were approved under a further three months deferment plan and the remaining 57% approved under a six months instalment reduction plan.”

He said the bank is also actively engaging with affected customers who have yet to submit the required supporting documents for their targeted repayment assistance application. 

“We have also simplified the process to help those in need. We are aware that there are customers who may continue to experience cash flow pressures amid the pandemic and need further support in managing their finances. 

“Bank Islam is always open to discuss and provide our best financial solution offerings in assisting them to overcome these difficulties.”

Bank Islam is proactively reaching out to heavily impacted customers especially in sectors such as tourism, hospitality and airline

Bank Islam Continues Post-Moratorium Assistance Until June Next Year

Mohd Muazzam said the bank is proactively reaching out to potentially vulnerable customers, especially in sectors such as tourism, hospitality and airline, that have been heavily impacted by COVID-19.

“As of today, 98% of Bank Islam’s customers have resumed servicing their financing commitment after September 2020. The repayments ensure that more liquidity and resources will be available for Bank Islam to continue providing aid to other individuals and businesses.

“Bank Islam assures continued banking services will remain accessible via virtual and online banking platforms throughout the Conditional Movement Control Order (CMCO) period to meet  customers’ banking needs.”

Alternatively, customers could call the bank’s Contact Centre at 03- 26 900 900 or visit www.bankislam.com/COVID-19 to apply for the bank’s post-moratorium repayment assistance or for further information.

Share17Tweet11
Previous Post

Everything You Must Know About Personal Protective Equipment (PPE)

Next Post

Mr D.I.Y. Made Its debut Today On The Main Market of Bursa Malaysia at RM1.60

Related Posts

Econsave Continues To Grow Steadily Amid The Pandemic & Will Open 7 More Branches This Year

by WargaBiz
1 day ago
0
Econsave Continues To Grow Steadily Amid The Pandemic & Will Open 7 More Branches This Year
Insights

Econsave recorded an increase in sales during the first MCO period last year and even during the current MCO 2.0,...

Read more

J&T Staff Shares That Parcels Drop Drastically Following The Change In The Commission System

by WargaBiz
4 days ago
0
J&T Staff Shares That Parcels Drop Drastically Following The Change In The Commission System
Insights

According to the J&T workers, they were protesting against the change in the commission system - which they said the...

Read more

Selangkah App Will Soon Allow You To Make E-Payments & Use It To Scan MySejahtera QR Codes

by WargaBiz
5 days ago
0
Selangkah App Will Soon Allow You To Make E-Payments & Use It To Scan MySejahtera QR Codes
Insights

Selangkah app will introduce a new offering, Selangkah Biz - a cashless solution designed for micro, small, and medium enterprise...

Read more

Free Business Registration Extended To All B40 Entrepreneurs Who Want To Start a Business

by WargaBiz
6 days ago
0
Free Business Registration Extended To All B40 Entrepreneurs Who Want To Start a Business
Insights

Since SPPP was introduced on Dec 20, it had approved 1,969 applications - 1,066 applications from students, 830 applications from...

Read more

Here’s How To Register For Your COVID-19 Vaccination In Malaysia

by WargaBiz
6 days ago
0
Here’s How To Register For Your COVID-19 Vaccination In Malaysia
Insights

Even though vaccinations will be administered free for all Malaysian, the government has not made it mandatory. Citizens will have...

Read more

Farewell Tesco, The Supermarket Chain Officially Rebrands To Lotuss Stores

by WargaBiz
1 week ago
0
Farewell Tesco, The Supermarket Chain Officially Rebrands To Lotuss Stores
Insights

According to the Tesco official Facebook page, the rebranding exercise will be completed in 2021 and Tesco Malaysia will officially...

Read more

Did You Know The Popular Local Brand, Julie’s Biscuits Was Founded In Alor Gajah, Malacca?

by WargaBiz
1 week ago
0
Did You Know The Popular Local Brand, Julie’s Biscuits Was Founded In Alor Gajah, Malacca?
Insights

Julie's Biscuits was founded by Perfect Food Manufacturing (M) Sdn Bhd - the brainchild of Su Chin Hock a Malaccan...

Read more

Clubhouse Allows You To Join Live Conversation With Elon Musk, Tony Fernandes & Even Oprah

by WargaBiz
2 weeks ago
0
Clubhouse Allows You To Join Live Conversation With Elon Musk, Tony Fernandes & Even Oprah
Insights

However, Clubhouse is an invite-only audio app. So you need to get invited to join it and existing users only...

Read more

Affected 5-Star Hotel In Melaka & Hotel In Taiping Sell Food By The Roadside For As Low As RM1

by WargaBiz
2 weeks ago
0
Affected 5-Star Hotel In Melaka & Hotel In Taiping Sell Food By The Roadside For As Low As RM1
Insights

Hotel industry which has been hitted hard by the coronavirus outbreak come up with alternative ways to keep their businesses...

Read more

Sephora Decides To Shut Down Its Outlet In Ipoh & Shift To Online Sales

by WargaBiz
2 weeks ago
0
Sephora Decides To Shut Down Its Outlet In Ipoh & Shift To Online Sales
Insights

Sephora said the closure was already in the plans for some time and is part of its ongoing review of...

Read more
Next Post
Mr D.I.Y. Made Its debut Today On The Main Market of Bursa Malaysia at RM1.60

Mr D.I.Y. Made Its debut Today On The Main Market of Bursa Malaysia at RM1.60

Facebook Instagram

About Us

WargaBiz is Malaysia’s first exclusive one-stop digital business platform to provide comprehensive coverage on start-ups and SMEs helmed by the Usahawan.

Read our full story.

Categories

  • Cover
  • People
  • Lifestyle
  • Insights
  • Events
  • CSR

Tags

achievement achiever America American apple beauty branding business businessman career columnist cover Cover Stories covid-19 CSR Cuisines entrepreneur Entrepreneurs F&B failure fashion father's day Features FIFA World Cup investment japan Klang Valley KLCC Kuala Lumpur Latest lifestyle luxury Malaysia marketing MCO Novelties people Raya specialist success tech technology usahawan Voice watches

© 2017-2019 Warga Media - All Rights Reserved.
Want your site to look as cool as this? Call Mr Hafiz

No Result
View All Result
  • Cover
  • Specialist
  • People
  • Lifestyle
  • Insights
  • Events
  • About
  • Contact
  • Terms of Use
  • Privacy Policy
  • Job Opportunities

© 2017-2019 Warga Media - All Rights Reserved.
Want your site to look as cool as this? Call Mr Hafiz

sponsored