KUALA LUMPUR, Jan 18 (Bernama) -- Bank Muamalat Malaysia Berhad (“BMMB”) today announced that it will be revising its Base Rate and Base Financing Rate effective 18 January 2019 pursuant to the increase in the Bank’s Cost of Fund (COF). The Bank’s BR and BFR will be increased by 11 basis points from 3.95% p.a. to 4.06% p.a. and 6.95% p.a. to 7.06% p.a. respectively. This will effectively impact all floating rate financing packages pegged to BR and BFR.

"Dato’ Haji Mohd Redza Shah, Chief Executive Officer said as part of the Bank’s commitment to serve our clients better and to facilitate their reference, we wish to notify that our current Home Financing package for 30 years maturity for best  customers with no lock-in period and financing amount of RM350,000 are as follows" :- 
 

About Bank Muamalat Malaysia Berhad
 
Bank Muamalat is a leading Islamic bank, established on 1 October 1999, and is governed by Islamic Financial Services Act 2013 (IFSA). As a full-fledged Islamic financial institution, the bank offers its customers a broad range of services, meeting the needs of both individuals and institutions.
 
In essence, Bank Muamalat provides individuals with services ranging from deposit accounts, asset management, financing needs for automobiles, homes and personal use as well as wealth management products such as family and general takaful, investments, Islamic estate planning to non-financial products such as Islamic funeral management, Quranic learning and halal tours. The Bank similarly offers corporate and institutional customers the full product assortment of a leading corporate and investment bank, from cash management, payment solutions including trade and export finance to international foreign exchange, financing and capital market transactions. 
 
Bank Muamalat has presence nationwide via a network 64 branches, in addition to its electronic channel, encompassing i-Muamalat, the Bank’s internet banking solution, and e-Muamalat, available at almost 240 locations, referring to its network of ATMs, CDMs, and CDTs. 
 
Bank Muamalat is a member of the DRB-HICOM Berhad Group where the public listed company owns 70% of the Bank’s shares with the remaining stake held by Khazanah Nasional Berhad, the nation’s investment arm. 
 
Bank Muamalat was officially accepted as a member of GABV on 15th November 2017. Signaling a growing appetite for the values-based banking movement, Bank Muamalat has become the first Islamic bank in the world and the first one in Southeast Asean region to be accepted as a member of Global Alliance for Banking in Values (GABV).

Issued by Corporate Communications Department of Bank Muamalat Malaysia Berhad 

SOURCE: Bank Muamalat Malaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Saidatul Leiza Suleiman 
Tel: 011 – 3222 6558
Email:  leiza@muamalat.com.my

--BERNAMA