Latest news with #MizanMasram
The Star
22-07-2025
- Business
- The Star
Bank Islam, OpusAM partner to offer Shariah-compliant investments
From left: Bank Islam director of wealth management Datin Zaharah Abd Muttalib, Bank Islam group chief business officer-retail banking Mizan Masram, Chairman of the Board, Opus Islamic Asset Management Noorshidah Ismail, and Opus Asset Management, group managing director Siaw Wei Tang. KUALA LUMPUR: Bank Islam Malaysia Bhd and Opus Asset Management Sdn Bhd (OpusAM) signed a memorandum of understanding (MoU) to form a strategic partnership aimed at providing a suite of curated Shariah-compliant investment solutions for new and existing Bank Islam clients. Bank Islam group chief business officer for retail banking, Mizan Masram, said the strategic collaboration with OpusAM reinforces the bank's commitment to providing customers with diversified investment opportunities and viable alternatives beyond traditional fixed deposits. 'OpusAM's range of fixed income funds is designed to cater to diverse financial goals, while providing liquidity and stability. Through this collaboration, we aim to empower clients to grow and preserve their wealth with confidence, grounded in prudent investment strategies and the principles of ethical finance,' Mizan said in a statement. Effective July 15, Bank Islam has become a new distribution partner for OpusAM's investment products, including the Opus Shariah Cash Extra Fund, Opus Shariah Income Fund, and Opus SRI Sukuk Fund (Class B). These products are now available through the bank's nationwide network of more than 100 branches. 'With the rise of fraudulent investment schemes promising unrealistic returns, many individuals have fallen victim to scams. At OpusAM, we are committed to promoting fixed income investments as a reliable and stable savings option, ensuring greater capital preservation for investors in times of global economic uncertainties,' OpusAM group managing director Siaw Wei Tang said. 'Through this partnership, we aim to provide Bank Islam's clients with broader access to our Shariah-compliant fixed income products, catering to both short-term and long-term investment horizons,' he added.
New Straits Times
11-07-2025
- 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.
