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Professor Dato’ Sri Dr Zaleha Kamaruddin, Rector, IIUM (right), Dato’ Sulaiman Mohd Tahir, Group CEO, AmBank Group (centre) and Eqhwan Mokhzanee, CEO, AmBank Islamic (left) at the launch.
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Under this programme, AmBank Islamic cardholders can convert their AmBonus Points into cash contribution towards the IIUM Endowment Fund (IEF) from a minimum of 3,000 AmBonus Points. The IEF financially supports IIUM students who are academically excellent but having financial difficulties.
AmBank Islamic and IIUM also teamed up with JomPAY to provide added convenience, accessibility and flexibility to the public and corporate sector contribute to the IEF. IIUM’s participation in JomPAY is powered by AmBank Group’s Transaction Banking, which provides a one-stop wholesale banking solution in cash management, trade finance and remittances. JomPAY electronic payment enables payments via Internet banking, mobile banking and the ATMs of banks in Malaysia.
“The AmBank Islamic-IIUM credit card is our first credit card launched in collaboration with a higher learning institution in Malaysia. With this collaboration, we are hoping to support the growth in the educational sector, in line with our value-based intermediation aspirations,” said Eqhwan Mokhzanee, CEO, AmBank Islamic.
“With this collaboration with IIUM and JomPAY, we are pleased to embark on another initiative to offer more products to our customers whilst concurrently help to raise funds for the IEF, which will be used to assist needy IIUM students in their studies,” said Dato’ Sulaiman Mohd Tahir, Group CEO, AmBank Group.
In 2016, IEF has disbursed RM10.5 million in the form of scholarships and financial assistance to 4,323 recipients. Some programmes were initiated since its establishment in 1999 including receiving donations and zakat payment from individuals and organisations, both locally and from abroad.