Page 104 - Bank-Muamalat-AR2020

102 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
About Us
ANNUAL REPORT FY2020

SOCIAL

As a whole, in FY2020
over RM292 million
for 2,768 accounts
was disbursed for the
purchase of affordable
homes through these
home financing products
and home ownership
schemes.

costs. During the year, the Bank also
introduced a new home financing
package, namely SMART Mortgage
Solution and SMART Home Package
towards the same objectives. As a
whole, in FY2020 over RM292 million
for 2,768 accounts was disbursed for
the purchase of affordable homes
through these home financing products
and home ownership schemes.
Other Retail Financing

On the personal financing front,
we provide accessible solutions for
low income groups with an added
focus on debt management, cash
flow improvements and prudent
investments. In FY2020, financing
FINANCIAL INCLUSION Affordable Home Financing amounting to over RM750 million was
disbursed to 10,133 individuals through
Bank Muamalat’s commitment to Supporting of Bank Negara Malaysia’s these personal financing products.
financial inclusion is aligned with the (“BNM”) initiatives to assist first time
national agenda of easing access to house buyers to own a home, we The Bank also created a Graduate
financial services for every segment of actively market Skim Rumah Pertamaku Scheme which enabled fresh graduates
the society to enhance their financial (“SRP”) and Skim Jaminan Kredit to own cars. This saw the disbursement
capability. This is in line with Bank Perumahan (“SJKP”), in providing of RM12.48 million for 267 accounts in
Negara Malaysia’s Policy on Lending/ home financing to low income FY2020.
Financing to the Priority Sector. We earners, self-employed individuals and
make affordable financing more operators of small business entities. The ASB Financing was also made accessible
accessible for customers to achieve life new scheme offers first time buyers to underserved low income community
goals such as owning homes, motor of houses (priced up to RM300,000 and new recruits in the Armed Forces,
vehicles and helping sustain their cash mortgages for SJKP and RM500,000 which resulted in RM63.02 million
flow; as well as help entrepreneurs mortgages for SRP) with attractive key financing for 1,275 accounts during the
build resilient businesses through features such as margin of financing year.
access to financial support. of up to 110% and waiver of ancillary