BANK MUAMALAT EXPANDING AR-RAHNU ISLAMIC PAWNBROKING SERVICE TO ALL BRANCHES

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BESUT, Oct 31 (Bernama) -- Bank Muamalat Malaysia Bhd (Bank Muamalat) is

expanding the Ar-Rahnu Islamic pawnbroking service to all its branches in line

with the bank''s plan to improve customer services next year.

Its chairman Tan Sri Dr Munir Majid said currently the Ar-Rahnu service has

been introduced in 10 out of 56 branches nationwide.

He said the move was to help customers, particularly Muslims, and was also

the way forward for the bank as the Islamic finance industry was increasingly

gaining momentum among the people.

Since the bank was established in 1999, it has grown as among the leading

commercial banks in the country, he said.

"We''ve 56 branches, including nine in east coast states -- four in Kelantan,

three in Pahang and two in Terengganu," he told reporters after opening the 56th

branch at Taman D''Lahar, Gong Kepas, Kampung Raja, here today.

In efforts to improve services offered, Dr Munir said Bank Muamalat would

open more branches country-wide, including upgrading old branches, to provide a

modern image.

"Besides upgrading, old branches will be relocated to strategic, comfortable

and safe areas for customers," he said.

He said the bank management had identified two new branches to be opened in

Terengganu -- Kemaman and the location of the other branch is still being

negotiated.

Dr Munir said he was confident that measures taken by Bank Muamalat

management would yield higher profit this year than last year''s RM203 million

pre-tax profit.

-- BERNAMA

ND SHI TOM

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