Bank Islam’s new Al-Awfar offers RM18mil in prizes in roadshow promo

PUTRAJAYA: Bank Islam Malaysia Bhd is expecting an increase in fund performance with a growth target of RM1bil and 400,000 new customers of the Al-Awfar investment account by year-end.

Bank Islam’s chief business officer for retail banking Mizan Masram said that after 15 years in the market, Al-Awfar recorded a fund size of more than RM5bil through 1.2 million accounts as of last month.