Latest news with #BankIslam
New Straits Times
5 days ago
- Business
- New Straits Times
Bank Islam, FAM refresh pact to drive national football development
KUALA LUMPUR: Bank Islam Malaysia Bhd has reaffirmed its long-standing support for national football development through the fifth renewal of its strategic partnership with Football Association of Malaysia (FAM). This includes joint marketing initiatives and continuation of the Team Harimau co-branded debit Card-i programme. Bank Islam group chief business officer of retail banking Mizan Masram said it hopes that the issuance of the debit Card-i will drive the adoption of digital banking and electronic payments. "Bank Islam is truly grateful to FAM for the trust placed in us and agreeing to extend this strategic collaboration. "This partnership reflects our commitment to fostering the spirit of sportsmanship and strengthening support for a team that carries the nation's hopes," said Mizan. Under the signed agreement, Bank Islam will organise activation programmes both digitally and on-site at events involving FAM. The bank said these include the opening of special booths on match days, joint branding activities, social media content and fan engagement contests. "This collaboration also offers supporters of the national football squad, Harimau Malaya, the opportunity to own a specially designed card as a way to express their support for the team, while enjoying various benefits, including ATM withdrawals and electronic payments for local and international purchases. "For every issuance, annual and replacement fee of the Team Harimau Debit Card-i, RM2 will be channelled to FAM in support of nurturing young talents and the development of football programmes in Malaysia," it added. To date, the Team Harimau Debit Card-i has recorded over two million users in the market.
The Sun
5 days ago
- Business
- The Sun
Harimau Malaya aims for top 100 FIFA ranking, says Zainal
KUALA LUMPUR: National football legend Datuk Zainal Abidin Hassan is optimistic that the Harimau Malaya squad can achieve a top 100 FIFA ranking in the coming years. Speaking after the Football Association of Malaysia (FAM) and Bank Islam strategic partnership signing ceremony, Zainal credited Johor Regent Tunku Mahkota Ismail for sparking a revival in Malaysian football. 'Alhamdulillah, this is a proud achievement for the Malaysian footballing fraternity. We pray that the Harimau Malaya squad can continue to improve their world ranking,' said Zainal, who serves as FAM Competitions Committee deputy chairman. He stressed the importance of sustained support for the national team, which has struggled internationally for years. The Harimau Malaya recently climbed six spots to 125th in FIFA's latest rankings, matching their best position from February 2006. Strong performances, including a 1-1 draw with Cape Verde and a 4-0 victory over Vietnam in Asian Cup qualifiers, contributed to the rise. Thailand remains Southeast Asia's highest-ranked team at 102nd, followed by Vietnam (113th) and Indonesia (118th). FAM Marketing and Sponsorship Committee deputy chairman CP Datuk Seri Mohd Yusri Hassan Basri praised Bank Islam's long-term commitment, noting their partnership since 2013. 'This collaboration strengthens football development and inspires a sustainable ecosystem,' he said. Bank Islam's Mizan Masram expressed gratitude for the renewed two-year agreement, reinforcing their role in national football growth. - Bernama
Sinar Daily
5 days ago
- Business
- Sinar Daily
Harimau Malaya on right track to be ranked among world's top 100
Zainal said the Harimau Malaya revolution sparked by Johor Regent Tunku Mahkota Ismail could improve the quality of the national squad. 11 Jul 2025 01:38pm The national team is hoped to face higher-ranked opponents in future friendly matches. Photo: Facebook The national team is hoped to face higher-ranked opponents in future friendly matches. Photo: Facebook KUALA LUMPUR - National football legend Datuk Zainal Abidin Hassan is confident that the Harimau Malaya squad can rise to be ranked among the world's top 100 in a few years' time. Zainal, who is also the Football Association of Malaysia (FAM) Competitions Committee deputy chairman, said the Harimau Malaya revolution sparked by Johor Regent Tunku Mahkota Ismail could improve the quality of the national squad. "Alhamdulillah, this is a proud achievement for the Malaysian footballing fraternity. We pray that the Harimau Malaya squad can continue to improve their world ranking. "What's important is that the football fraternity continues to provide proper support for the Harimau Malaya to progress because they have been lagging at the international level for so long,' he said. He told reporters this after the FAM and Bank Islam Malaysia Berhad (Bank Islam) strategic cooperation signing ceremony, which was also attended by FAM honorary president Tan Sri Hamidin Mohamad Amin and Bank Islam Group chief business officer (retail banking) Mizan Masram. Yesterday, the Malaysian men's football team climbed up six spots to be ranked 125th in the world based on FIFA's latest ranking list, thus equalling their best position last achieved in February 2006. This notable rise was driven by two recent strong performances - a 1-1 draw with Cape Verde in a friendly in May and a convincing 4-0 win over Vietnam in last month's 2027 Asian Cup qualifying campaign. Among Southeast Asian nations, Thailand still lead the regional pack at 102nd in the world, followed by Vietnam (113th) and Indonesia (118th). Meanwhile, FAM Marketing and Sponsorship Committee deputy chairman CP Datuk Seri Mohd Yusri Hassan Basri expressed appreciation for the commitment of Bank Islam, which has been with them since 2013. "The close cooperation that has been forged not only strengthens efforts to develop football in the country, but also inspires us to continue to strive harder in developing an inclusive and sustainable ecosystem,' he said. Mizan, meanwhile, is grateful that Bank Islam has been given the trust to directly contribute to the development of football in the country through the extension of the collaborative agreement for another two years. - BERNAMA
The Star
7 days ago
- Business
- The Star
RHB, Bank Islam to cut rates after OPR move
KUALA LUMPUR: RHB Banking Group will reduce its base rate (BR) and standardised base rate (SBR) by 25 basis points (bps), effective July 11, 2025 in line with Bank Negara's recent cut to the Overnight Policy Rate (OPR). In a statement, it said RHB Bank and RHB Islamic Bank's fixed deposit rates will also be adjusted downwards by 25bps. Similarly, lending and financing rates based on base lending rate (BLR) and base financing rate (BFR) will be reduced by 0.25%. RHB's SBR will be reduced to 2.75% per annum from 3.00%, while its BR will be lowered to 3.50% from 3.75%. The BLR and BFR will also be adjusted to 6.45% per annum from 6.70%. 'By easing borrowing costs, we are helping households and SMEs better manage their financial commitments while encouraging consumption and investment amid prevailing global uncertainties,' RHB Banking Group managing director/group chief executive officer Datuk Mohd Rashid Mohamad said in a statement. Separately, Bank Islam Malaysia Bhd will also revise its SBR, BR, and BFR by 25 basis points to 2.75%, 3.52%, and 6.47% per annum, respectively. The new rates will take effect on July 10. This adjustment follows Bank Negara's decision to reduce the OPR by 25 bps, from 3.00% to 2.75%, announced today. 'The strategic move is expected to support economic activity and offer financial relief to individuals and businesses with financing linked to the SBR, BR or BFR. Bank Islam remains committed to advancing economic growth while staying responsive to the evolving needs of our customers,' Bank Islam group CEO Datuk Mohd Muazzam Mohamed said.
New Straits Times
7 days ago
- Business
- New Straits Times
Bank Islam cuts lending rates after OPR reduction
KUALA LUMPUR: Bank Islam Malaysia Bhd will revise its Standardised Base Rate (SBR), Base Rate (BR) and Base Financing Rate (BFR) by 25 basis points, effective tomorrow. Following the revision, the bank's SBR, BR and BFR will be reduced to 2.75 per cent, 3.52 per cent and 6.47 per cent per annum, respectively. The adjustment follows Bank Negara Malaysia's decision to lower the Overnight Policy Rate (OPR) from 3.00 per cent to 2.75 per cent earlier today. Bank Islam group chief executive officer Datuk Mohd Muazzam Mohamed said the rate cut is expected to provide financial relief and support overall economic activity. "As a purpose-driven and responsible bank, we view the OPR reduction as an opportunity to continue our role in enabling financial resilience, particularly for those most affected by the rising cost of living," he said in a statement. Muazzam added that the lower OPR gives the bank greater flexibility to grow its financing portfolios and enhance customer engagement, all while maintaining asset quality. It will also support efforts to reach underbanked communities through digital platforms such as BIMB Mobile and Be U by Bank Islam. "Bank Islam remains committed to advancing economic growth while staying responsive to the evolving needs of our customers. "Our role extends beyond offering affordable financing. We aim to contribute to a more inclusive and sustainable economic ecosystem for all," said Muazzam.
