BUSINESS

CO-OP BANK PERTAMA OPENS STAND-ALONE AR-RAHNU CBP BRANCH, BANKING PREMISES IN SETAPAK

10/04/2021 07:42 PM

KUALA LUMPUR, April 10 -- Co-op Bank Pertama (CBP) has opened the inaugural stand-alone Ar-Rahnu CBP branch and a CBP banking premises in Setapak here.

CBP chairman Kamari Zaman Juhari said in a statement that the opening of the Ar Rahnu CBP branch was based on the encouraging performance of financing disbursements in 2020 which almost doubled (76.7 per cent) to RM214.3 million compared to RM121.2 million in 2019.

“This proves that Ar Rahnu CBP is able to carry out the responsibilities entrusted to it by providing the best service to customers.

"CBP also always ensures that this service is offered in accordance with the shariah laws," he said today.

In line with the regulatory directive, effective Jan 1, 2021, CBP changed the concept of Ar Rahnu wage savings to the concept of Tawarruq and Rahn (mortgage).

Kamari Zaman said Ar Rahnu CBP is also open to non-Muslim customers and individuals, cooperatives and corporates as well as targeting the opening of a stand-alone outlet branch in each state.

-- BERNAMA

 


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