KUALA LUMPUR (March 19): The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and 19 of its members so far have offered financial help to businesses and individuals who are affected by the Covid-19 outbreak. These range broadly from loan restructuring and rescheduling, to deferents on payments of instalments, to special financing. Below is a list of the banks, what assistance they are offering and how you can get in touch.
| No | Financial Institutions | News Released Date | Bank’s Response |
| 1 | Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) | 6 February 2020 |
AIBIM represents its 26 Member Banks encourage customer to connect with their respective banks to seek advice regarding to banking issues that have arisen as a result of the outbreak.
|
| 2 | Affin Islamic Bank Berhad | 19 February 2020 |
The bank offers temporary relief on financial commitments to customers affected by the Covid-19 outbreak. Applicable to all financing facilities for individuals as well as business customers.
|
| 3 | Agrobank | 19 March 2020 |
The bank offers the relief measures which include restructuring and rescheduling of financing, as well as moratorium on financing repayments for up to six months for the customer who are affected by the Covid-19.
|
| 4 | Alliance Islamic Bank Berhad | 13 February 2020 |
The bank is extends assistance to the affected customers by deferment of financing servicing, and financing restructuring and rescheduling for up to six months, as well as waiver of late charges for financing.
|
| 5 | AmBank Islamic Berhad | 10 February 2020 |
The bank offers temporary deferment or restructuring of instalment repayments for its individual and SME customers to ease the burden of its customers affected by the outbreak.
|
| 6 | Bank Islam Malaysia Berhad |
11 February 2020 |
The bank offers up to six (6) months temporary moratorium for the monthly instalment payments of financing for affected individual or business customers.
|
| 7 | Bank Muamalat Malaysia Berhad | 10 February 2020 |
The bank offers a temporary moratorium up to six (6) months for monthly instalment payments for affected customers and staff, and applicable to all financing facilities for individuals and businesses.
|
| 8 | Bank Rakyat | 10 February 2020 |
The bank offers up to six (6) months temporary moratorium for monthly instalment payments of financing or affected individuals or business customers.
|
| 9 | Bank Pembangunan Malaysia Berhad | 10 February 2020 |
The bank will provide assistance and support those affected, taking into consideration the specific circumstances its clients are facing.
|
| 10 | Bank Simpanan Nasional | 9 February 2020 |
The bank announced that their customers can apply for temporary deferment to pay their financing to ensure their business continuity.
|
| 11 | CIMB Islamic Bank Berhad | 18 March 2020 |
The bank financial relief includes a moratorium on financing payment for up to six months for the impacted customer by the Covid-19 outbreak. This is in addition to the standard restructuring and rescheduling financing programmes offered to all affected individual and business customers.
|
| 12 | Hong Leong Islamic Bank Berhad | 11 February 2020 |
The bank would assist the affected customers by considering the provision of temporary relief from payment for up to six (6) months of their monthly financing payments.
|
| 13 | HSBC Amanah Malaysia Berhad | 18 March 2020 |
The Bank is extending a helping hand in the form of liquidity relief to individuals and businesses who are going through challenging time due to Covid-19. The bank’s affected customers may apply for payment moratoriums.
|
| 14 | Maybank Islamic Berhad | 11 February 2020 |
The bank offering financial relief up to six (6) month to the affected customer. This is including restructuring and rescheduling of financing payment.
|
| 15 | MBSB Bank | 19 March 2020 |
The bank offers financial relief to its retail, corporate and Small Medium Business (SME) clients affected by the COVID-19.
|
| 16 | Public Islamic Bank Berhad | 19 March 2020 |
The bank offers moratorium of up to six months for the monthly instalment payments of financing for affected individual and business customers.
|
| 17 | OCBC Al Amin Bank Berhad | 13 February 2020 |
The bank offers assistance to businesses and individual customers who are financially affected by Corona Virus.
|
| 18 | RHB Islamic Bank Berhad | 11 February 2020 |
The bank offers a moratorium of up to six months for monthly instalment payments of financing to the affected customers. The affected customers may also request to restructure or reschedule their financing arrangements. Each request will be reviewed on a case-by-case basis.
|
| 19 | SME Bank | 16 March 2020 |
The bank offers temporary financial relief to the affected SME customers.
|
| 20 | Standard Chartered Saadiq | 13 February 2020 |
The bank offers profit-only payment up to six months moratorium to their affected retail and Small and Medium Enterprise (SME) clients.
|
Note:
• AIBIM and 19 Members has made public statement on the measures/support offered to their impacted customers.
• Customers are urged to contact with their respective banks to check on the available support in relation to Coronavirus outbreak.
• The list is based on the statement published by the individual banks as per the news released date.