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April 2008

RHB Islamic Launches AZ Zahra, Malaysia First Privilege Ladies Banking

Kuala Lumpur, 30 April 2008: RHB Islamic Bank, the Islamic banking entity of the RHB Banking Group, successfully launched the nation’s first privilege banking targeted towards high net worth ladies in Malaysia.

The Az Zahra Privilege Ladies Banking concept was mooted on the basis that women, in general are now more involved in the development of the nation’s economy. Such a positive development creates vast opportunities for RHB Islamic to develop a customised set of Shariah based products and services for the Ladies.

“As we note that women make half of Malaysian population and universities are churning out more women graduates than men into various working sectors, their needs and requirements for ladies based products and services are on the rise.” Dato’ Haji Faisal @ Ibrahim Siraj, Chairman, RHB ISLAMIC Bank said.

Az Zahra is being positioned as an exclusive banking service to cater for high net worth women. Through Az Zahra, the customers will enjoy personalised service with the highest level of confidentiality, access to RHB Islamic’s dedicated Privilege Ladies Banking lounge at our Main Branch located at UOA Centre, Jalan Pinang and products with preferential rates and discounts.

Az Zahra membership is open for discerning and privileged ladies for example those having the following banking criteria:

  • Minimum home financing of RM250,000 or
  • Minimum auto financing of RM150,000 or
  • Minimum total combined deposits of RM50,000

As an Az Zahra customer, all minimum placement, deposits or financing for the above will be waived by RHB Islamic. An existing RHB Islamic’s customer with an aggregate deposit of at least RM50,000 will become Az Zahra customer automatically.

“The introduction of Az Zahra Privilege Ladies Banking sets a new milestone for the local banking industry and through Az Zahra, the Bank is enthusiastically looking at enhancing its wealth management offerings to cater for this highly potential and untapped market” Puan Jamelah Jamaluddin, Managing Director, RHB ISLAMIC Bank said.

For utmost convenient of Az Zahra customers, Privilege Ladies Banking section in the newly relocated RHB Islamic main branch at UOA Centre, Jalan Pinang is fully equipped with the following facilities:

  • Dedicated open counter concept
  • Dedicated ladies relationship executive
  • Internet kiosk
  • Bloomberg channel
  • Magazines, journal and newspaper
  • Free flow coffee and tea

Az Zahra Privilege Ladies Banking section is currently available at the RHB Islamic main branch only with immediate plans to offer the same service at other selected branches nationwide in the near future.

Az Zahra Privilege Ladies Banking is open to all Malaysians and RHB Islamic is poised to achieve at least 20% of the total financing and deposits during the first year of operation.

Issued by: Group Corporate Communications Division, RHB Capital Berhad for RHB ISLAMIC Bank Berhad. For further information, please call: Akmal Baqi Ariff at 012-6658704 or Adeline Ong / Kala Sukumar at 012-8833345 / 012-7100324

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