Bank Islam Malaysia Partners with Noor Luminous’ TheNoor App to Provide Support to Local Entrepreneurs

Bank Islam Malaysia Berhad (BIMB) has signed a memorandum of understanding (MoU) with Malaysia-based Noor Luminous, the owner of TheNoor digital application. BIMB stated that it will offer Islamic banking products and facilities via TheNoor app.

Appointed as the app’s official bank, BIMB’s Chief Executive Officer, Mohd Muazzam Mohamed explained that the bank would be able to provide various services, including retail financing, small and medium enterprise financing, Takaful, credit and debit cards, cash management, as well as account opening facilities.

Why it matters?

Partnership with TheNoor app allows Bank Islam to provide support to local entrepreneurs, assisting them to expand their business and establishing an ecosystem that...