LECTURER : PUAN NORLINI BINTI ROSLI
GROUP MEMBERS : NUR FAKHIRA BINTI MOHAMAD FUZI
14DAT11F1030
: HAJAR ASHIKIN BINTI MOHAMAD ZUKI
14DAT11F1032
: NORSHAZREEN FATIA BINTI IBRAHIM
14DAT11F1033
: NUR ATHIRAH BINTI ZAKARIA
14DAT11F1035
: NORSHAHIRA BINTI MOHD NASIR
14DAT11F1065
PA305AKPK'S PERSONAL FINANCIAL MANAGEMENT
Bank islam malaysia berhad (BimB)
A shariah-based Islamic bank first in malaysia Established on March 1, 1983 Start a business as a commercial bank in July
1983 Has opened 125 branches across the country Islamic Bank has been awarded the Platinum
Award for being the Reader's Digest Trusted
Brands Have been recognised as Malaysia’s fourth
strongest bank Occupying the 53rd position on the list of Asia
Pacific strongest banks in 2011
BACKGROUND OF BIMB
1) CURRENT DEPOSIT ACCOUNTS Current deposits accepted under the law
al-wadiah savers are given a checkbook and related
services to the current account deposit can only be issued by check at
anytime The bank may request permission from
savers to use the funds in the account, but all the profit gained is owned bank
Current Account-i
TYPES OF ACCOUNT
2) Savings Accounts Accept deposits in deposit accounts in
accordance with the law of al-wadiah Depositors can withdraw deposits through
deposit books at anytime Deposit in a savings account can be used
by the bank The result of the utilization of profit will be
owned by the bank Bank can provide some benefit to savers Mudharabah Savings Account-i, Basic
Savings account-I, Wadiah Savings Account-i
3) Investment Deposit Account a partnership under the laws of al-mudarabah Deposits not included can be issued at
anytime Issued in accordance with the agreed term If there is a loss in investment, only depositors
will suffer losses Sakinah Investment Account-i, general
Investment Account-i
Financing Deposit Rates
FINANCING RATES Baiti
For latest financing rates on Baiti Home Financing-i, kindly contact your nearest Bank Islam branch.
WahdahFor latest financing rates on Wahdah Home Financing-i, kindly contact your nearest Bank Islam branch.
Vehicle For latest financial rates, kindly contact our nearest Automobile Financing Center.
Personal Financing
SAVING RATE OF BIMB
Profit Margin
Personal Financing - Non Package
1 - 5 years 6.8% p.a.
6 - 7 years 7.0% p.a.
Base Financing Rate (BFR)
Base Financing Rate (BFR) - Effective 16 May 2011 6.60% p.a.
Deposit Product PSR
Customer : Bank Rate % p.a
Al-Awfar Savings Account* 2 : 98 0:05
DEPOSIT RATES Profit Rates from 16 September 2012 to 15 October 2012
There have some types of investments held in Bank Islam :
1. GENERAL INVESTMENT ACCOUNT -i
Bank Islam offers the General Investment Account-i to gain
profit through investment.
Based on Mudharabah contract, you as the provider of
capital and the Bank as the entrepreneur.
Profit gained investment will be shared between both parties
according to previously determined ratio.
INVESTMENT
CHARACTERISTIC OF GENERAL INVESTMENT
Minimum Investment
RM500 for 3 months and above tenure
RM1,000 for 1 month tenure
Types of general investment
Individual Acount
Trust Account
Joint Account
Partnership Account
Private Company Account
2. CORPORATE INVESTMENT BANKING
Bank Islam’s Corporate Investment Banking Division (CIB) is the provision and development of total
Islamic financial solutions for our corporate clientele.
Bank Islam is able to offer client Shariah-based corporate and investment banking products and
services tailored to their specific needs.
Corporate investment banking Services
CIB offers a wide range of corporate advisory and fund raising services through its Corporate
Finance, Debt Capital Markets and Corporate Banking departments which cover the equity capital
market, debt capital market and bank market respectively.
These services include:-
1. Islamic Securities
2. Corporate Financing
3. Syndicated Financing
4. Project Advisory and Financing
5. Debt Restructuring
6. Takeovers, Mergers, Acquisitions and Divestments
7. General Corporate Advisory
8. Secondary Offerings
3. SAKINAH INVESTMENT ACCOUNT-I
Specially for retirees and those who have some “reserves” to invest. Provides an opportunity to enjoy higher profit sharing ratio as well as hassle-free
Bank Islam Card and Consumer Financing Package at an attractive rate.
Characteristic & Benefits:-
1. Minimum investment RM50,000
2. Tenure 12-60 months, renewable
3. Profit is distributed based on profit-sharing ratio as determined by the Bank.
4. The reviewed profit sharing ratio will not affect the existing deposits.
5. Monthly profit directly credited into your current/savings account
6. Specially for retirees
7. Zakat is paid by the Bank
8. Special arrangement can be made for the customer to apply for our consumer financing products, i.e. Personal, Housing, Vehicle and Bank Islam card on a one-to-one basis.
Types of Financing:-
1. House & Fixed Asset Financing
2. Vehicle Financing
3. Personal Financing
Subject Charges Rate / Amount
All types of property/ land financing
Late Payment Charge +1% Per year for installments in arrearsNote:Overdue accounts are based on money market rate
House & Fixed Asset Financing
Redemption Statement
Photocopy of Bank's Document
Confirmation letter (with or without document) for withdrawal from the Employees' Provident Fund (EPF)
RM50.00
RM50.00 per request
RM20.00
Subject for Charges Rate / Amount
Vehicle Financing
Stamp Duty
Road Tax Renewal Charges
Services charge for performing settlement on used car financing
Transfer of name and ownership (with Statutory Declaration from Commissioner of Oath)
Transfer of name and ownership (with Statutory Declaration prepared by dealer)
PUSPAKOM inspection
Ownership endorsement (Refinancing)
RM20.00 (without guarantor) RM30.00 (with guarantor)
RM10.00
RM30.00
RM140.00 (East Malaysia)RM270.00 (Peninsular Malaysia)
RM140.00 (East Malaysia)RM250.00 (Peninsular Malaysia)
RM100.00 (East MalaysiaRM130.00 (Peninsular Malaysia)
RM50.00 (East Malaysia)RM100.00 (Peninsular Malaysia)
Subject Charges Rate / Amount
Cashline-i
Personal Financing-i
Share Financing-i
Late Payment Charge
At +1% per year for installment in arrearsNote:Overdue accounts are based on money market rate
Subject Charges Rate / Amount
Personal Financing-i
Share Financing-i
Early Settlement
Tawarruq Wakalah Agency Fee
Handling Charge
Advance Profit
At Bank Islam's discretion
RM50.00
0.2% of selling price
1 month in advance at 8.50% p.a. for settlement within Grace period
Auto-Teller Machine & Cash Deposit Machine Services For Tabung Haji Customers
OTHER SERVICES IN BIMB
Service Offered Charges
Cash Deposit RM1.00 per transaction
Cash Withdrawal RM1.00 per transaction
Balance Inquiry No Charges
Strategic Partnership Bank Islam - Lembaga Tabung Haji (TH);
Uniteller Service
Uniteller is Bank Islam’s counter service which enables TH customers to
perform cash transactions such as deposit (cash and non-cash),
withdrawal and fund transfer as well as non-cash transactions such as
account opening, passbook maintenance and Hajj registration at Bank
Islam branches.
Transactions can be done at all Bank Islam 104 branches nationwide and
780 self-service terminals nationwide.
Uniteller
No. Transaction
1. Account Opening• Adult Account• Children Account
2. Counter Services• Deposit Transaction Through Counter• Withdrawal Transaction Through Counter
3. Passbook Maintenance• Passbook replacement• Passbook update• Printing of new account number
4. Funds Transfer between TH account
5. Hajj Registration
Property Auctions
Corporate / Commercial
Consumer
• Residential • Commercial/Industrial • Agricultural
-The end -
Thank you