Visa
Bank Islam unfazed by developer loans proposal
Wed, 2016-09-14 10:44 — newsdeskBank Islam Malaysia Bhd said the proposed move to allow developers to provide loans to house buyers will not have a severe impact on the bank, as it will continue to focus on its target market.
“For us, we don’t see any reduction in (our) approval rate, mainly because our target market remained stable,” its deputy CEO Khairul Kamarudin told reporters after launching the bank’s Visa Infinite Business Credit Card-i (business card-i) here yesterday. “Our target market has always been the middle income (segment) and we will continue focusing on our target market and we are seeing the same approval rate (going forward)”. Khairul said the bank’s approval rate last year was 70%, and slightly better this year at 71%, to date. He also said the bank has not experienced high loan rejections despite the current uncertain economic conditions. “People (borrower) who are eligible last year are also eligible this year. For the ones who have their applications get rejected are maybe for the ‘high ticket’ properties,” he added, noting that the bank is more focused on providing loans for affordable housing.
Islamic finance innovators called to Kuala Lumpur for fintech challenge
Wed, 2016-04-27 16:30 — newsdeskThe upcoming Global Islamic Finance Forum 2016 to be held in Malaysia’s capital Kuala Lumpur from May 10 to 12 will see a special competition for financial technology, the Asean Fintech Challenge. Organised by credit card company Visa and the Association of Islamic Banking Institutions Malaysia, the challenge aims at bringing the most innovative fintech startups to compete. Here the teams have the opportunity to present their ideas to over 500 Islamic finance delegates from all over the world.
EIB and Emirates launches Islamic airline co-branded credit card
Sat, 2008-04-12 11:06 — IslamicFinance.deBusiness Intelligence reported on 9 April about the Islamic Visa card of Emirates Islamic Bank, Skywards, and Emirates.
The Emirates Islamic Bank Skywards Credit Card will come with a list of benefits and features.
Faisal Aqil is General Manager of Retail Banking at Emirates Islamic Bank. Kamran Siddique is Visa General Manager for the Middle East and North Africa.
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