Saturday, May 10, 2008

RHB Launches AZ ZAHRA , MALAYSIA FIRST PRIVILEGE LADIES BANKING CONCEPT



RHB Islamic Bank has successfully launched the nation first Az Zahra Privilege Ladies Banking concept by targeting high networth ladies in Malaysia.

The Az Zahra Privilege Ladies concept is conceptualized due to women in modern world are tend to be part of development of the nation's economy. This new privilege ladies banking creates vast opportunities for RHB Islamic Bank to develop a customized set of Shariah based products and services for ladies.

Az Zahra Privilege Ladies Banking is an exclusive banking service that caters for high networth women to enjoy personalized service with highest level of confidentiality. Az Zahra membership is open for ladies with a minimum home financing of RM250,000 or minimum auto financing of RM150,000 or minimum total combined deposits of RM50,000.

The benefits of this new Islamic concept product are, Az Zahra Mudharabah General Investment Account-i (MGIA-i), enables capital to be invested for a fixed duration or tenure ranging from 1 month to 60 months. The profit earned will be shared as dividends between the depositor and the bank according to the pre-determined profit-sharing ratio (PSR). Another benefit is, based on the Shariah concept of Diminishing Partnership, the Az Zahra Equity Home Financing-i, entitles depositor to enter into co-ownership agreement with the RHB Islamic Bank to acquire and own a house.

With 180 RHB Bank and RHB Islamic Bank branches and 500 ATMs located nationwide, RHB allows its customers a convenience of making payment. Az Zahra Privilege Ladies Banking section is currently available at RHB Islamic main branch, and is expected to achieve at least 20% of the total financing and deposits during the first year of operation.

1 comment:

Anonymous said...

women in your country do have priority- ulele yuiiofrer @ uganda