PUBLIC ISLAMIC BANK

Public Islamic Bank Berhad is a financial institution, not a factory or a trader. Its core business involves providing Shariah-compliant banking and financial services.

Company Profile:

Public Islamic Bank Berhad (PISB) is a wholly-owned subsidiary of Public Bank Berhad, one of Malaysia's leading financial services groups. Established in 2005, PISB operates as an Islamic bank, dedicated to offering a comprehensive suite of Shariah-compliant products and services. These services cater to a wide range of customers, including individuals, small and medium enterprises (SMEs), and corporations.

The bank's product offerings include various types of Islamic deposits, financing facilities such as home financing, auto financing, and personal financing structured according to Islamic principles like Murabahah, Ijarah, and Musyarakah. Additionally, PISB provides investment products and wealth management solutions, all meticulously designed to comply with Islamic ethical and moral guidelines, overseen by its Shariah Committee.

As a significant contributor to Malaysia's robust Islamic finance industry, Public Islamic Bank plays a crucial role in developing and advancing Shariah-compliant financial solutions. It aims to meet the diverse financial needs of its customers while upholding the fundamental Islamic values of fairness, transparency, and social responsibility. The bank benefits from the extensive network and strong brand reputation of its parent company, Public Bank Berhad, enabling it to effectively serve a broad customer base throughout Malaysia.

PUBLIC ISLAMIC BANK PRODUCTS AND SERVICES

Public Islamic Bank Berhad, a subsidiary of Public Bank Berhad in Malaysia, offers a comprehensive range of Shariah-compliant banking and financial products. The primary products and services are categorized below:

1. Personal Banking Deposits

Islamic Savings Account: Shariah-compliant savings accounts for individual daily banking needs.

Islamic Current Account: Transactional accounts that offer cheque book facilities.

Term Deposit-i: Fixed-term deposit accounts offering competitive returns based on the concept of Commodity Murabahah.

2. Personal Financing

Home Financing-i: Property financing solutions for purchasing residential properties.

AITAB Hire Purchase-i: Vehicle financing based on the Al-Ijarah Thumma Al-Bai concept.

Personal Financing-i: Unsecured personal financing for individual cash needs.

3. Cards

Islamic Credit Cards: Credit cards operating on Shariah principles, offering cashbacks, rewards, and no compounding interest.

Islamic Debit Cards: Debit cards linked to savings or current accounts for cashless transactions.

4. Business and Commercial Banking

Business Term Financing-i: Long-term financing for business expansion, asset acquisition, and capital expenditure.

Working Capital Financing-i: Shariah-compliant funding to meet short-term business operational requirements.

Trade Financing-i: Services including Letter of Credit-i, Trust Receipt-i, and Shipping Guarantee-i to facilitate domestic and international trade.

SME Financing-i: Tailored financing packages designed specifically for Small and Medium Enterprises.

5. Wealth Management and Protection

Family Takaful: Islamic life insurance products providing protection, savings, and education planning.

General Takaful: Islamic general insurance covering motor vehicles, home protection, and travel.

Islamic Unit Trust: Shariah-compliant investment funds managed by professional fund managers.