Standard Chartered Partners With PPZ-MAIWP To Offer Online Zakat Collection Services
Author Avatar

stanchart ppz-maiwp zakat 1

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.

standard chartered saadiq

(Image: The Sun Daily)

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.

You can access the zakat collection services offered by Standard Chartered via the bank’s mobile banking app or website.

(Source: Standard Chartered Saadiq)

0 0 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Bank News Articles
Post Image
Malaysian Banks And Local Institutions Offer Financial Assistance For Customers Affected By Covid-19
Alex Cheong Pui Yin
- 1st April 2020
(Last update: 1 April 2020, 3.40pm to include FAQs by banks.) With Malaysia going into an extended period […]
Post Image
CIMB: Touch ‘n Go eWallet Sees Healthy Volumes For Essential Services And Online Transactions
Alex Cheong Pui Yin
- 13th April 2020
CIMB Group Holdings Bhd, which owns Touch’n Go Sdn Bhd (TNGSB), has reported a continuation of healthy volumes […]
Post Image
Operating Hours For CIMB Branches Are Now Back To Normal
Alex Cheong Pui Yin
- 7th January 2021
CIMB has announced that the banking hours for its branches and Preferred Centres across the country have now […]
Post Image
Loan Repayment Assistance Under PEMERKASA+ Is Available For Everyone
- 15th June 2021
The latest spike in Covid-19 cases has led to the declaration of a third movement control order and […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image