PUTRAJAYA: Bank Islam Malaysia Bhd (Bank Islam) has launched a new co-branded debit card in collaboration with Lembaga Tabung Haji (TH) and Visa that offers a variety of exclusive privileges and rewards to cardholders.
Bank Islam CEO Mohd Muazzam Mohamed said as the pioneer in Islamic financial services in Malaysia, the bank’s mission is to provide relevant financial solutions that meet the needs of stakeholders.
“We strive to continuously provide products and services that are in line with the latest technological developments and customers’ preferences, without neglecting our social responsibilities and environmental sustainability.
“With this card, cardholders will have the opportunity to make payment transactions for purchases to over 60 million merchant locations and cash access at over 2.5 million self-service (ATM) terminals worldwide,” he said at the launch of the Bank Islam Visa Tabung Haji Debit Card-i here today.
Mohd Muazzam said TH depositors can access funds by linking their TH’s account with the card and make the transfer from the account to their Bank Islam current or savings account.
The Bank Islam Visa Tabung Haji Debit Card-i is an exclusive card that offers a variety of additional rewards, among others, cash withdrawal fee waiver in Saudi Arabia during the haj, special fares on KLIA Express Services and discounts on packages by TH Travel & Services.
The Debit Card-i is different from previous debit cards, as the card is the bank’s first biodegradable card, made of high-quality polyethylene terephthalate, which can be recycled.
Introducing its Visa Debit Card-i in 2011, Bank Islam has issued more than three million debit cards as at January. Looking at the current market potential, the bank aims to achieve 100,000 Bank Islam Visa Tabung Haji Debit Card-i cardholders within a year.
Meanwhile, TH group managing director and CEO Datuk Nik Mohd Hasyudeen Yusoff said TH is taking another step forward with the introduction of the Islamic Debit Card (TH Debit Card-i) as it will reduce the dependency of depositors on TH counter services. – Feb 11, 2020, Bernama
