AIBIM Member Banks Offer Financial Assistance to Provide COVID-19 Relief to Customers

With the number of COVID-19 cases on the rise, The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), together with 19 of its members, have come forward to provide relief to their most affected customers.

Among the banks offering support are CIMB Islamic Bank, Maybank Islamic, Alliance Islamic Bank, AmBank Islamic and Hong Leong Islamic Bank. These banks are offering customers’ installment deferment for up to six months as the COVID-19 outbreak has impacted the Malaysian economy.

In addition to the deferments, financial relief schemes introduced by these banks also include rescheduling and restructuring of financing, as well as refinancing facilities u...