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Kuala Lumpur, 2 September 2010 – Kuwait Finance House (Malaysia) Berhad (KFHMB), the first foreign Islamic bank in the country, has launched the KFH Personal Financing-i Hajj and Umrah today. The unique product has been designed for Muslim customers to facilitate their pilgrimages to the holy cities of Makkah and Madinah.
Explaining the initiative, Puan Jamelah Jamaluddin, Chief Executive Officer of KFHMB said, “The KFH Personal Financing-i Hajj and Umrah reinforces the Bank’s commitment as a provider and innovator of financial products that uphold Shariah principles. We would like to make it more convenient for Muslims to realise their dream of visiting the House of Allah, and fulfilling the fifth pillar of Islam. The initiative is also in line with the Bank’s role as a socially-responsible corporate organisation and in helping the Ummah. KFHMB will collaborate with reputable partners to enable customers and their immediate family members to perform their pilgrimages at reasonable prices.”
The KFH Personal Financing-i Hajj and Umrah package offers attractive rates and financing options to cater to different needs. A high maximum financing limit of RM100,000 will enable customers and their immediate family members to perform the pilgrimage with options to include Takaful premium and personal expenditure in the financing amount. End-to-end Shariah-based Takaful products and services will be provided at competitive rates by our reputable Takaful partners.
Developing the Shariah-based personal financing facility is consistent with the Bank’s aim to reach out to consumers and the general public. The Bank plans to further grow its retail business to complement its present business offerings, in conjunction with the Fifth Anniversary of KFHMB in Malaysia this year.
Explaining the initiative, Puan Jamelah Jamaluddin, Chief Executive Officer of KFHMB said, “The KFH Personal Financing-i Hajj and Umrah reinforces the Bank’s commitment as a provider and innovator of financial products that uphold Shariah principles. We would like to make it more convenient for Muslims to realise their dream of visiting the House of Allah, and fulfilling the fifth pillar of Islam. The initiative is also in line with the Bank’s role as a socially-responsible corporate organisation and in helping the Ummah. KFHMB will collaborate with reputable partners to enable customers and their immediate family members to perform their pilgrimages at reasonable prices.”
The KFH Personal Financing-i Hajj and Umrah package offers attractive rates and financing options to cater to different needs. A high maximum financing limit of RM100,000 will enable customers and their immediate family members to perform the pilgrimage with options to include Takaful premium and personal expenditure in the financing amount. End-to-end Shariah-based Takaful products and services will be provided at competitive rates by our reputable Takaful partners.
Developing the Shariah-based personal financing facility is consistent with the Bank’s aim to reach out to consumers and the general public. The Bank plans to further grow its retail business to complement its present business offerings, in conjunction with the Fifth Anniversary of KFHMB in Malaysia this year.
