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Affin eyes 60,000 credit card-i holders in first year
Last update: 21/04/2018

Nazlee Khalifah. (File photo)

KUALA LUMPUR, April 21 (Bernama) --†Affin Bank Bhd's unit,†Affin Islamic Bank Bhd aims to garner 60,000†Affin Islamic Credit Card-i holders within the first year of its launch.

Affin Islamic Chief Executive Officer Nazlee Khalifah†said this was its first Islamic credit card†as many of its patrons did not have an Islamic credit card.

"We're planning to initially reach consumers within the bank, mostly involving†our mortgage, hire purchase, and†Amanah Saham Nasional Bhd loans," he told reporters at the launch here today.

The bank today unveiled†its very first Affin Islamic Credit Card-i, a joint collaboration with†global payments industry solutions company,†Mastercard.

"The bank has issued over 600,000 debit and credit cards and the strategy is†to run†the conventional credit cards†concurrently alongside Islamic credit cards," said Nazlee.

He†said Affin Islamic Credit Card-i is the bank's response to the evolving†demand and ever rising bank's patrons' expectations of Shariah-compliant products.

"As one of the leading Islamic banks†in Malaysia, we have been proactive in†meeting the needs of Malaysians who seek Shariah-based financial products," he said.

Nazlee said credit card was†a testimony†that Shariah-based products are†innovative and able to capture the interest of the cardmembers.

Affin Islamic Credit Card-i is accepted at over 30 million locations†worldwide where cardmembers can enjoy benefits and privileges for†travels, dining, healthy living and charity.





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Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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