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Influence? That’s a big word! With it comes responsibility. So let’s wield this power wisely and create meaningful social change to improve life for all Malaysians, together.

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Peraduan Misi Raya Ah Boi!

Campaign Period:

31 March – 14 April 2025

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Travel Club Lounge

Campaign Period:

31 August 2025

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Raya Bergaya

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1 – 30 April 2025

FAQs about Islamic Banking in Malaysia

Islamic banking is based on Shariah principles, which prohibit the charging of interest (riba) and investing in activities considered haram (unlawful). Conventional banking, on the other hand, operates on interest-based transactions and does not have religious constraints on the nature of investments

Yes, deposits in Bank Muamalat are insured by Perbadanan Insurans Deposit Malaysia (PIDM). PIDM ensures that depositors’ funds are protected up to RM250,000 per depositor per bank, in the event that a member bank becomes insolvent

There may be differences in pricing or rates between Islamic and conventional banking, as Islamic banks operate on profit-sharing or cost-plus-sale models, rather than interest. However, in terms of competitiveness, Bank Muamalat strives to offer rates that are comparable to or even more favorable than conventional banking products.

Islamic banking and finance, like any financial system, come with risks. However, Islamic banks are required to adhere to strict Shariah compliance and risk management practices. The unique nature of profit-sharing and partnership-based products may lead to different risks compared to interest-based conventional products, but Bank Muamalat strive to minimize these through strong governance.

Yes, non-Muslims can apply for our Islamic banking products. Islamic banking is open to everyone, regardless of faith, as long as the products remain Shariah-compliant.

Yes, Bank Muamalat offers Internet banking services for Islamic banking products through our online platform, i-Muamalat. This service allows you to manage your accounts, make payments, transfer funds, and access a wide range of banking services conveniently and securely.

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2025-04-04 08:32:55

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