BANK MUAMALAT, AMANAHRAYA TARGET 15,000 NEW REGISTRATIONS FOR CREDIT CARD-I WITHIN FIRST YEAR OF LAUNCH

KUALA LUMPUR, Dec 12 (Bernama) -- Bank Muamalat Malaysia Bhd dan Amanah Raya Bhd (AmanahRaya) is targeting 15,000 new registrations for their Visa Platinum Credit Card-i within the first year of launch.

Bank Muamalat president and chief executive officer Khairul Kamarudin said the new Bank Muamalat AmanahRaya branded card targets a segment over 25, with families and planning for the future.

"This innovative credit card enables customers and potential customers of AmanahRaya to make instalments, up to 10 per cent discount on selected AmanahRaya products, as well as various other special benefits," he said during the credit card's launch here today.

The card also provides various benefits, including a first-year annual fee waiver, 0.5 per cent cashback, a balance transfer plan, complimentary takaful coverage on Credit Card-i outstanding balance and complimentary takaful coverage for travel accidents.

Khairul said the credit card is an initiative to enable easy and smarter planning and management of finances and assets.

He said Bank Muamalat is committed to providing financial solutions that benefit all levels of society, especially regarding wealth and legacy management.

"By providing credit facilities for wealth management through AmanahRaya, we hope more individuals will be involved in estate planning, which will reduce complications regarding inheritance and foster economic stability," he said.

AmanahRaya group managing director Ahmad Feizal Sulaiman Khan said that as a pioneer in the estate and legacy industry, the company will always help people realise their aspirations through its services.

"Legacy planning services not only fulfil our customers' financial needs, but this will also provide them with peace of mind with early planning because AmanahRaya will manage their estate," he added.

-- BERNAMA