Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Use Bank Islam SnapNPay for fast wakaf contribution
Last update: 22/04/2019

By Muhammad Ekmal Hakim Abdullah

KANGAR, April 22 (Bernama) -- People who want to contribute to the construction of the MAIPs-Tuanku Fauziah Hospital Haemodialysis Service wakaf building here can make their transactions via SnapNPay by scanning the QR or bar code on the panel using their smartphones.

Bank Islam Malaysia Bhd chief executive officer (CEO) Mohd Muazzam Mohamed said the contribution from as low as RM10 could be done by downloading the SnapNPay application on Google Play Store or Apple App Store free of charge.

“The wakaf contribution is not limited to customers of Bank Islam only, in fact, it can be done at another 17 banks in Malaysia which have QR code with FPX engine, besides the conventional method such as Internet banking which is normally used by the people previously,” he said.

Mohd Muazzam was met by Bernama after presenting Bank Islam’s business tithe to the Raja Muda Perlis Tuanku Syed Faizuddin Putra Jamalullail, who is also Perlis Islamic Religious and Malay Customs Council (MAIPs) president, amounting to RM131,678.21 for the 2018 financial year at Bank Islam here.

Also present were MAIPS CEO Mohd Nazim Mohd Noor and Perlis State Secretary Azman Mohd Yusof.

Mohd Muazzam said more than RM1.2 million had been collected through the myWakaf programme and the amount was expected to increase considering that the people preferred to use new technology that is fast and efficient.

Bank Islam would continue to step up efforts to encourage the people to subscribe to its Al-Awfar savings product which offers attractive prizes, he said.

He said the bank had produced 23 millionaires via this product since it was introduced in 2009 and over the next 10 years, it targeted to increase this figure to 40 millionaires.

Al-Awfar is a low-risk investment account based on the concept of Mudarabah. Its funds are invested in existing house and fixed asset financing portfolio to ensure stable investment, and is open to individuals, business entities, associations, religious bodies, schools, universities as well as clubs and organisations.

Bank Islam offered prizes for half-yearly special draws including Mercedes C200 Advantgarde and Honda Civic cars, holiday packages or umrah and smartphones to Al-Awfar customers, said Mohd Muazzam.




Bank Islam eyes 15 pct rise in foreign remittance volume via swift gpi service
Malaysia eyes opportunity to send Islamic banking graduates to work abroad

Islamic finance set to be greater contributor to planet, people, prosperity - Sultan Nazrin

Etiqa urges policyholders to update beneficiary details
Capital Life Insurance Company Limited credit ratings withdrawn - AM Best

Zurich Malaysia partners DoctorOnCall for digital healthcare services

100 Yen3.7526/7557
Sterling 5.3210/3258
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
  Main | News | Insurance

© 2020 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