HLISB first bank to offer salary deduction as mode of deposit
KUALA LUMPUR, 5 September 2012 - Hong Leong Islamic Bank ("HLISB") today announced its appointment by Lembaga Tabung Haji ("TH") as a deposits collection agent. The collection of the deposits is offered via two modes - salary deduction and standing instruction (SI).
"We are proud to announce that HLISB is the first bank in Malaysia to provide the convenience of TH deposits via salary deduction to our payroll customers for their own TH deposit accounts. The deposits will form part of the deductions automatically made from the employees' salary," said Raja Teh Maimunah, Chief Executive Officer of HLISB.
She added that HLISB's Muslim customers can also make periodic deposits to their TH accounts by executing a hassle-free standing instruction with only one form submission required.
"Customers can also make these deposits for their family members. All these services are offered at a minimal fee as we wish to make it convenient for customers to fulfill their religious obligations, in line with our mission to be a community-centred bank," Raja Teh Maimunah said.
With the SI, customers are given the flexibility to choose their preferred date and frequency for the deposits including weekly, monthly, quarterly, semi-annually and annually.
TH, an established Islamic organisation in the country, cited the expansion of service channels and access is crucial and one of its strategic business expansion plans. TH further emphasised that this strategic collaboration widens public accessibility hence improves TH services whilst ensuring the convenience and security of transactions.
Currently, there are more than 2,300 employers who enjoy the convenience of payroll services offered by Hong Leong Islamic Bank and Hong Leong Bank - via Hong Leong Online Business, an efficient and secure e-banking service for businesses that allows customers to perform transactions and keep track of finances even on the go.
For more information on the new TH deposits service, visit any HLISB or HLB branch nationwide, call 03-7950 1113 or log on to www.hlisb.com.my.*Terms & conditions apply.
Press Release - 03/09/2012