Bank Islam Malaysia Berhad improved its signature investment account, Al-Awfar, by offering more including amazing prizes amounting to more than RM18 million and ten new categories for customers to win.
With the upgrade, the account holders are now entitled to win prizes in 15 categories, with three categories for the monthly and quarterly draw, five categories for the half- yearly draw and four categories for the yearly draw. In addition, winners of the Al- Awfar yearly bonus draw now stand a chance to bring home one kilogram of gold bar and two Harley Davidson motorbikes.
Bank Islam Group Chief Business Officer – Group Retail Banking, Mizan Masram, said, “Since its launch in 2009, Al-Awfar has grown from strength to strength. As of 30 June 2023, we have recorded growth of over RM5 billion in funds from 1.2 million accounts. As we celebrate the Bank’s 40th anniversary this year, it is time to enhance one of our signature products to give more winning opportunities to our customers. The upgrade also signifies our appreciation for customers’ solid and overwhelming support of Bank Islam and Al- Awfar over the years.”
On 25 March 2009, Bank Islam made history in the Islamic banking industry when it launched Al-Awfar, an innovative low-risk investment account product based on the Mudarabah concept. Al-Awfar funds are invested in the Bank’s existing House and Fixed Asset (HFA) Financing portfolios to ensure sustainable investment.