Page 79 - Full Book_24.4.2021

In Retrospect

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The Will to Suceed

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Relief and Boost for SMEs

In addition to automatic deferment of all financing
repayments for six months for Small and Medium Achieving a Leading Repute
Enterprises (“SMEs”), the Bank introduced SME
Special Relief Facility (“SSRF”) to help alleviate
the short-term cash flow predicament faced by SMEs |
that encompass proposed offerings under PENJANA
Tourism Financing (“PTF”) initiative and Targeted Relief
and Recovery Facility (“TRRF”) by BNM. Funds under
these programmes have been made available from
1 December 2020 until 31 December 2021 or until fully Paving the Way for a Sustainable Future
utilised.

The year saw the launch of SME i-Gain transactional
current investment account offering commendable
returns to SMEs to help preserve and sustain economic REAL
empowerment and wealth of valued customers. It gives
up to 2% return to SME customers, and was made ECONOMY 75
available until June 2020. As of June 2020, the SME
i-Gain take up rate was about 10%.

SME Training Programmes
Responding to Marketplace Needs
A host of training seminars and webinars were
implemented during the year to help build small Towards rejuvenating the country’s economy and following the Adhering to the Best Governance Practices
businesses and enhance positive impact on the real rising demand of healthcare related products and services, Bank
economy. Islam embarked on MoU signings with six professional healthcare

During the pandemic, an SME Webinar series featuring associations for strategic collaboration in providing total banking
the Bank’s chief economist, SME adviser and chief solutions, complementing the needs of its members. This |
executive officer (“CEO”) was released to provide partnership creates a bigger room for exploration and a better
updates on economic outlook, the path to recovery and understanding of their financial needs enabling capitalisation of
important tips on how businesses can survive the period expertise to benefit each other mutually. The associations involved
of uncertainty. are the Malaysian Medical Association (“MMA”), Ibnu Sina’s Laying the Foundation for Financial Growth
Medical Charity Organisation of Malaysia (“PAPISMA”), Malaysian
The Bank also continued its collaboration with Pharmaceutical Society (“MPS”), Association of Malaysian
MAIWP and SME Corp to carry out the Entrepreneur Optometrists (“AMO”), Malaysian Private Dental Practitioners’
Development Training Programme for iTekad Association (“MPDPA”) and Veterinary Association Malaysia
Microfinancing participants. Training for this programme (“VAM”). Through this collaboration, Bank Islam is offering total |
is on-going through 2021.
financing solutions via its Personal Financing-i product valued up
to RM300,000 and maximum of 10 years’ tenure at a competitive
rate. Other solutions provided include financing and refinancing
of fixed assets, mainly on commercial lots, and cash management Additional Information & Disclosure Summary
solutions. Besides that, Bank Islam also offers Small and Medium
Enterprises (“SME”) banking products and services for customer
with the potential to open their private practice, such as specialist
centres, medical clinics, veterinary clinics, optometry centres and
pharmacies, to facilitate them when a higher amount of financing |
24 th AGM Information
is required.