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Kuala Lumpur, 4 May 2011 – Kuwait Finance House (Malaysia) Berhad (KFHMB), the first foreign Islamic bank in the country, launched the KFH Cash Management Solutions (CMS). CMS is an online portal designed specifically to manage business banking transactions. It offers an end-to-end financial solution which gives a 360º of business finances at a glance. The services are available seven days a week for convenience, speed and cost savings.
Commenting on the development, Puan Jamelah Jamaluddin, Chief Executive Officer, KFHMB said, “With the increasingly competitive environment, customers are looking for enhanced services from their banks. CMS provides a secure online banking service that is able to facilitate a comprehensive set of transactions and offer an enhanced level of convenience to the bank’s corporate customers. The solution can help increase the reach of the bank beyond the limitations of its standard banking hours and geographical presence. It also enhances our customer satisfaction across online channels.”
The types of banking services offered by CMS include account management, cheque management, payable management, bulk payments, salary services, trade services and investment account, and are available from 1.30am to 11.30pm.
KFHMB is currently gearing its effort to grow its retail banking business. The Bank became the first foreign financial institution to open a Bureau de Change at KLIA and LCCT. KFHMB introduced innovative new products such as Gold Account-i, a new deposit product which enables customers to buy gold in a convenient and secure way, and Personal Financing-i Hajj and Umrah, which was designed for Muslim customers to facilitate their pilgrimage. The Bank also became the first foreign Islamic bank in Malaysia to offer Interbank Funds Transfer via MEPS Shared ATM Network starting last December.
“These initiatives are in line with our parent’s aspiration to be innovative in providing quality Shariah-based products and services. As one of the leaders in Islamic banking, the KFH Group has been developing tailor-made products and services for a wide range of industries and market segments worldwide,” Puan Jamelah added.
KFHMB operates branches in Kuala Lumpur, Shah Alam, Klang, Johor Bahru, Pulau Pinang, Kuching, Kota Kinabalu and Kota Bharu and a Bureau de Change at KLIA, LCCT and KL Sentral.
Commenting on the development, Puan Jamelah Jamaluddin, Chief Executive Officer, KFHMB said, “With the increasingly competitive environment, customers are looking for enhanced services from their banks. CMS provides a secure online banking service that is able to facilitate a comprehensive set of transactions and offer an enhanced level of convenience to the bank’s corporate customers. The solution can help increase the reach of the bank beyond the limitations of its standard banking hours and geographical presence. It also enhances our customer satisfaction across online channels.”
The types of banking services offered by CMS include account management, cheque management, payable management, bulk payments, salary services, trade services and investment account, and are available from 1.30am to 11.30pm.
KFHMB is currently gearing its effort to grow its retail banking business. The Bank became the first foreign financial institution to open a Bureau de Change at KLIA and LCCT. KFHMB introduced innovative new products such as Gold Account-i, a new deposit product which enables customers to buy gold in a convenient and secure way, and Personal Financing-i Hajj and Umrah, which was designed for Muslim customers to facilitate their pilgrimage. The Bank also became the first foreign Islamic bank in Malaysia to offer Interbank Funds Transfer via MEPS Shared ATM Network starting last December.
“These initiatives are in line with our parent’s aspiration to be innovative in providing quality Shariah-based products and services. As one of the leaders in Islamic banking, the KFH Group has been developing tailor-made products and services for a wide range of industries and market segments worldwide,” Puan Jamelah added.
KFHMB operates branches in Kuala Lumpur, Shah Alam, Klang, Johor Bahru, Pulau Pinang, Kuching, Kota Kinabalu and Kota Bharu and a Bureau de Change at KLIA, LCCT and KL Sentral.
