Standard Chartered Saadiq Malaysia has partnered with Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZ-MAIWP) to provide zakat collection services via the bank’s digital banking platform.
The digital service, which is immediately available to the bank’s Muslim customers around the world, aims to provide convenience as the global community practises minimal physical engagement and travel restrictions amidst the Covid-19 pandemic. At the same time, it also enables Muslims who are working overseas to channel their zakat contributions back to Malaysia.
“Standard Chartered Saadiq is the only international Islamic bank which has physical presence in multiple markets – namely Malaysia, UAE, Saudi Arabia, Bahrain, Pakistan, Bangladesh, and Kenya – and our extensive network allows clients who are working overseas to easily, at the click of a button, channel their zakat back to Malaysia,” said the chief executive officer of Standard Chartered Saadiq Malaysia, Mohd Suhaimi Abdul Hamid.
Mohd Suhaimi also stressed that Standard Chartered has always emphasised on improving its digital adoption even before the pandemic, citing that close to 45% of the bank’s retail clients use digital banking, of which 95% of transactions are performed digitally. “We plan to strengthen our digital offerings and to further position Standard Chartered Saadiq as the best Islamic digital bank in Malaysia – a recognition we have received from Global Finance for three consecutive years,” he added.
Meanwhile, the chief executive officer of PPZ-MAIWP, Tuan Haji Ahmad Shukri Yusoff, said that the organisation continually seeks collaboration with various partners and channels, especially digital ones, to help Malaysian Muslims fulfil their zakat obligations conveniently. “We have seen a huge jump in the number of contributors who made payment for zakat fitrah via online channels this year due to Covid-19, and we believe that the number will increase even after the pandemic,” he said.
(Source: Standard Chartered Saadiq)