Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Tekun Nasional and Public Gold formalise partnership
Last update: 13/07/2018

''

KUALA LUMPUR, July 13 (Bernama) -- The National Entrepreneurial Group Economic Fund (TEKUN Nasional) and Public Gold Marketing Sdn Bhd (Public Gold) have partnered to broaden the latter's gold product distribution channel through Ar-Rahnu TEKUN.


The deal was inked between TEKUN Nasional chief executive officer, Datuk  Baharom  Embi, and Public Gold group executive chairman, Datuk Louis Ng Chun Hou, in a signing ceremony at the TEKUN Nasional head office today.


Through this alliance, members of the public will enjoy the convenience of purchasing Public Gold products of Au 999.9 purity, ranging from gold bars (0.5g to 250g) to wafers (½ dinar to 10 dinar) at Ar-Rahnu TEKUN outlets.


The high-quality gold products are Shariah-compliant and accredited by the London Bullion Market Association.


"I am confident that through this collaboration, Ar-Rahnu will be diligently expanding its branches and helping entrepreneurs at the same time. TEKUN Nasional is targeting a minimum sale of RM500,000 worth of gold by the end of the year," said Baharom.


He said that gold can be used as a guarantee to get quick financing for a business or other economic activity which can improve the lives of people.


"Gold not only acts as a hedge against possible financial crisis but is also wealth that can be passed down from one generation to another with exceptional appreciation over time. We see the need to open up more channels to encourage people to keep physical gold for a brighter and secure future, which ultimately leads to a wealthier nation," said Ng.


Ar-Rahnu TEKUN, a subsidiary of TEKUN Nasional, currently has eight outlets in the Klang Valley, Kedah, Kota Bharu, Tawau and Johor Bahru, but due to tremendous response, it plans to open in Sarawak, Pahang, Sabah, Perak and Perlis too.


-- BERNAMA



 <Back>

Bank Islam Malaysia Bhd sets aside RM300 mln for digital roadmap
Bank Muamalat targets RM40 mln from new Premier Centre

 
RHB Islamic partners TBS to drive Waqf funds

MTA, IBFIM launch revised Takaful Basic Examination
LIAM focused on getting more people insured

 
AXA offers protection plan to e-hailing driver

CLOSING, TUESDAY, SEP 25
US4.1350/1390
S'pore3.0273/0309
100 Yen3.6638/6677
Sterling5.4400/4465
Euro4.8644/8699
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 Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
Yes
No
Not Sure
 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution