(From left) OCBC Bank (Malaysia) Bhd emerging business marketing head Amanda Gan, OCBC Al-Amin Bank Bhd chief executive officer Syed Abdull Aziz Syed Kechik, and its Islamic Product and Business Development head Mohd Kamal Abdul Karim at the launching of OCBC eBiz Account-i.
KUALA LUMPUR: As part of its digital banking thrust, OCBC Al-Amin Bank Bhd (OCBC Al-Amin) has introduced OCBC eBiz Account-i to enable small and medium enterprises (SMEs) to open a Shariah-compliant business account entirely online.
OCBC eBiz Account-i, designed for SMEs looking for a simple, fast, and convenient business account, mirrors OCBC Bank (Malaysia) Bhd’s highly successful and fully online OCBC eBiz Account.
Both the conventional and Shariah-compliant accounts are open to SMEs that are wholly owned by Malaysians with up to two directors or partners.
OCBC Al-Amin Bank Bhd chief executive officer (CEO) Syed Abdull Aziz Syed Kechik said there is strong demand among SMEs for Shariah-compliant business accounts that can be opened entirely remotely, and the bank is ready to meet the demand.
“Convenience and security are key to meeting the growing customer appetite for digital banking products and services.
“So, OCBC eBiz Account-i offers the convenience without compromising on security and we have ensured that this is possible with robust systems in place and through our own dedicated OCBC eKYC platform which is supported by CTOS Data Systems Sdn Bhd (CTOS).
“We are confident that SMEs seeking Shariah-compliant options will thrive on this all-encompassing business account from the get-go,” he said.
The Shariah-compliant business account features a relatively low initial deposit of RM500, complimentary business internet banking services through award-winning online business banking service OCBC Velocity, and specialised business finance management tools to help SMEs thrive in the fast-paced digital arena.
To apply, a company must be wholly owned by a Malaysian and registered under the Companies Commission of Malaysia (SSM), and its business must satisfy Shariah compliance criteria. Alongside this, there may also be additional eligibility criteria.
To sign up, SMEs may visit: www.ocbc.com.my/ebiz-i
