Fully Digital Islamic Savings Account Launched by CIMB in Malaysia

CIMB Bank and CIMB Islamic Bank (CIMB) have launched the bank’s first all-digital Islamic account, CIMB OctoSavers Savings Account-i, as well as the CIMB Octo Debit Mastercard.

Why it Matters?

This new account is especially for the convenience of new customers, as the onboarding process is entirely self-executed on the digital platform. The card is delivered to customers via post to ensure that the whole process is branchless. Samir Gupta, Chief Executive Officer of CIMB Bank Group Consumer Banking, noted that COVID-19 had fast-tracked the bank’s digitalisation efforts.

Details

Existing customers who have a savings or current account as well as a Malaysian address may apply for the OctoSavers Account-i v...