Bank Islam Malaysia has joined forces with Lembaga Tabung Haji (TH) and Visa to introduce a co-branded debit card that is biodegradable, reported Malaysian national news agency Bernama.
The Bank Islam Visa Tabung Haji Debit Card-i reportedly contains “high-quality polyethylene terephthalate” that can be reused. Another unique trait of the card is its durability towards chemical substances such as alkaline.
TH customers will be able to link their account with the card and make fund transfers to their Bank Islam account.
Commenting on the new proposition, TH group managing director and CEO Nik Mohd Hasyudeen Yusoff said: “With this new service, TH depositors will be able to make transactions more conveniently, thank you to the Bank Islam team towards the commitment that you have shown through this initiative.”
In Saudi Aradia, the card will reportedly refrain from charging any fee for withdrawing cash during the haj pilgrimage,
The news agency further noted that the debit card will provide discounts on TH Travel & Services packages along with special fares on KLIA Express Services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Bank Islam CEO Mohd Muazzam Mohamed said: “We strive to continuously provide products and services that are in line with the latest technological developments and customers’ preferences, without neglecting our social responsibilities and environmental sustainability.
“With this card, cardholders will have the opportunity to make payment transactions for purchases to over 60 million merchant locations and cash access at over 2.5 million self-service (ATM) terminals worldwide.”