Bank commits to triple the amount raised via its SocioBiz channel.

Kuala Lumpur, 23 December 2021 - Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) has committed to triple the amount raised for its Flood Relief Fundraising campaign on its social crowdfunding platform, SocioBiz, to benefit families impacted by the floods.

The funds collected will be distributed in the form of cash, essential supplies and daily necessities such as food items. SocioBiz is Alliance Islamic Bank’s Shariah-compliant social crowdfunding platform that deploys social funds to help individuals and businesses in need.

“Due to the recent floods, many Malaysians face financial, physical and emotional impact. We want to do our part to help them recover from this disaster and would like to encourage the public to partner us in this campaign to rebuild lives,” said En. Rizal IL-Ehzan Fadil Azim, Chief Executive Officer of Alliance Islamic Bank.

The Flood Relief Fundraising campaign is an extension of the Bank’s Flood Relief Assistance programme announced recently to help ease the financial worries of individuals and businesses impacted by the flood.

Flood-affected customers can opt for loan/financing moratorium of up to six months and loan repayment modifications.
The Bank will also waive finance and fee charges for selected services such as the replacement of debit card and ATM card.

If you would like to contribute to the Bank’s Flood Aid Fundraising campaign, please scan the QR code or visit https://gsdq.co/alliancebank-floodrelief.