Green Packet in tie-up to apply for Islamic digital banking licence

ZHI managing director Chew Seng Kok (pic) said the group’s experience in syariah compliance and advisory would ensure there is no compromise on integrity as the bank introduces modern Islamic financial products and services.

KUALA LUMPUR: Green Packet Bhd, ZICO Holdings Inc (ZHI) and M24 Tawreeq Sdn Bhd have teamed up via a consortium to jointly submit an application for an Islamic digital banking licence to provide syariah-compliant digital micro services for the underserved segment.

In a joint statement, the consortium said its application is focused on forming an Islamic digital bank, which would include several other collaborators that would further complement its products and value-added services to strengthen the client servicing capabilities and expand its customer base.