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Bank Muamalat announces six-month moratorium
Published on: Saturday, November 11, 2017

Kuala Lumpur: Bank Muamalat Malaysia Bhd has put into immediate effect a six-month moratorium relief, based on the merit of the case, on various financing and financing products, in an effort to assist customers and staff who have been affected by the floods in Penang and Kedah.

The six-month moratorium relief would be applicable to all secured banking facilities, including home financing and business premises financing for individual and enterprise/commercial customers.

Charges would also be waived for debit card replacement, statement request or replacement of mutilated passbook/bankers' cheques, and fixed term account-i certificates, said the bank.

"With this moratorium relief, we hope it will ease the burden of our customers and staff.

Our branches in these areas have remained open to enable customers to fulfill their banking needs," said Chief Executive Officer Datuk Mohd Redza Shah in a statement Thursday.

Customers are advised to call 1-300-88-8787 or visit the nearest branch for further information on their eligibility for the moratorium relief. – Bernama

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