Distinction in travel journalism
Is independent travel journalism important to you?
Click here to keep it independent

9 Oct, 2017

Islamic University, Bank launch credit card

KUALA LUMPUR, Oct 5 (Bernama) — AmBank Islamic Berhad (AmBank Islamic) and International Islamic University of Malaysia (IIUM) yesterday launched the AmBank Islamic – IIUM Credit Card at the IIUM campus in Gombak. Under this programme, AmBank Islamic cardholders can convert their AmBonus Points into cash contribution towards the IIUM Endowment Fund from a minimum of 3,000 AmBonus Points.

Present at the launch were Prof. Dato’ Sri Dr. Zaleha Kamaruddin, Rector, IIUM, Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group and Eqhwan Mokhzanee, Chief Executive Officer, AmBank Islamic.

AmBank Islamic and IIUM also teamed up with JomPAY to provide added convenience, accessibility and flexibility to the public and corporate sector to make contributions to the IIUM Endowment Fund (IEF). JomPAY electronic payment enables payments via internet banking, mobile banking and ATMs of banks in Malaysia anytime, anywhere, which provides added convenience, accessibility and flexibility to the contributors.

“The AmBank Islamic – IIUM credit card is our first credit card launched in collaboration with a higher learning institution in Malaysia. With this collaboration, we are hoping to support the growth in the educational sector, in line with our value-based intermediation aspirations,” said Eqhwan Mokhzanee, Chief Executive Officer, AmBank Islamic.

“With this collaboration with IIUM and JomPAY, we are pleased to embark on another initiative to offer more products to our customers whilst concurrently help to raise funds for the IEF, which will be used to assist needy IIUM students in their studies,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.

IEF is responsible to give financial support for IIUM students who are academically excellent but having financial difficulties. The critical need for financial assistance usually affects their academic performance and hence, the financial assistance is important to support their studies. In 2016, IEF has disbursed RM10.5 million in the form of scholarships and financial assistance to 4,323 recipients. Some programmes were initiated since its establishment in 1999 including receiving donations and Zakat payment from individuals and organisations, both locally and from abroad.

IIUM’s participation in JomPAY is powered by AmBank Group’s Transaction Banking which provides one-stop wholesale banking solution in cash management, trade finance and remittances.

For more information, please visit www.ambankgroup.com

For more information, please visit www.iium.edu.my