Bank Muamalat Malaysia Berhad, an Islamic banking institution, has been selected by the Malaysian Empowerment and Economic Transformation Organisation (PPTEM) as the first official bank to collaborate in the development of Muslim entrepreneurs in Malaysia. This partnership aims to offer comprehensive financial services and collaborative opportunities to entrepreneurs across the country.
As part of PPTEM’s Muslim Entrepreneurship Program ‘Sandbox: The Entrepreneur Kick Start 2024’, Bank Muamalat will act as both a mentor and the primary bank. The bank will assist local entrepreneurs in maintaining resilient and thriving businesses by providing services such as opening business accounts for daily operations, business financing, iTEKAD, and cash management solutions.
In addition to this, Bank Muamalat and PPTEM are organizing informational briefings for entrepreneurs from various sectors about the benefits of the Sandbox program. A recent event, the ‘Sembang Santai Usahawan Program in conjunction with the Muslim Entrepreneurship Sandbox Program’, was held at Bank Muamalat’s headquarters, Menara Bumiputra, specifically for creative industry entrepreneurs.
Khairul Kamarudin, President and Chief Executive Officer of Bank Muamalat, expressed the bank’s commitment to the program, aiming to train 30,000 Muslim entrepreneurs this year. He emphasized that as a fully Islamic banking institution, Bank Muamalat is dedicated to supporting entrepreneurs through collaborations and offering the best products and services.
Furthermore, Bank Muamalat and PPTEM plan to explore the needs to support Muslim entrepreneurs in other industries, aiming to foster the growth of more competitive entrepreneurs in the future. Khairul highlighted that Bank Muamalat’s efforts align with the third core goal of the Malaysia Madani vision: creativity and innovation. The bank is committed to supporting government efforts to create an environment and infrastructure that stimulates creativity and encourages the development of advanced systems, products, ideas, and processes for entrepreneurs.
