Public Islamic Bank To Open First Full-Fledged Islamic Branch

KUALA LUMPUR, Aug 6 (Bernama) — Public Bank Islamic, a wholly-owned subsidiary of Public Bank Bhd, will open its first full-fledged Islamic branch at Plaza RAH, Kampung Baru, on Aug 9, 2010.

The branch would provide a wide range of Shariah compliant products deposit products and investment instruments such as Wadiah Savings Account-i, Basic Wadiah Savings Account-i and General Investment Account-i.

Public Islamic Bank To Open First Full-Fledged Islamic Branch

“In addition, financial products such as ABBA Asset Financing-i, Cash Line Facility-i and AITAB Hire Purchase-i will also be offered by the branch,” the bank said in a statement on Wednesday.

Public Islamic Bank’s products and services will also continue to be available throughout the Public Bank’s wide range of delivery channels which include 248 Public Bank branches nationwide, more than 1,300 ATMs and self-service machines, Internet banking and mobile channel.

http://www.bernama.com/bernama/v5/newsbusiness.php?id=519324

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