LANGKAWI: Bank Muamalat Malaysia Bhd has introduced its i-mualamalat mobile application in its bid to move towards mobile banking.
Bank Muamalat chief executive officer Dato Mohd Redza Shah Abdul Wahid said the mobile application would benefit some 500,000 account holders with the bank.
He said the application will allow users check their account balance, transfer funds, make bill payments and top-up their mobile data credit.
Mohd Redza added that non-account holders may also use the app to check on prayers’ time and even to locate the nearest Bank Muamalat branches.
He said the application is equipped with a high security system, which meets the security standard set by the Malaysian banking industry.
“Nowadays more people prefer to do their banking transactions digitally, compared to traveling all the way to bank branches.
“This is one of our innovative effort to increase the digital channel for our customers and at the same time improve the current online banking system,” he said, when met today.
The i-muamalat mobile app was launched by Prime Minister Datuk Seri Najib Razak during the Langkawi Digital Initiative at Mahsuri International Exhibition Centre here today.
Bank Muamalat, which was founded on Oct 1, 1999, currently has 62 branches with e-muamalat banking facilities including automated teller machine, cash deposit machine and cheque deposit terminal at 240 locations nationwide.
During the event, Bank Muamalat also launched the MyDebit system for more than 20,000 teachers and students in Langkawi.
As a start, two schools – SMK Mahsuri and Maktab Mahmud Langkawi – have been chosen to take part in a pioneer project before the system is expanded to other schools in the island.
According to Mohd Redza, Bank Muamalat spent about RM2 million to develop both the i-muamalat mobile app and MyDebit system.
The application is available from both the Google Play Store and Apple App Store from today.