Bank Islam, AKPK sign MoU to expand financial management education for individuals, SMEs

Joan S. Reed

KUALA LUMPUR, April 4 (Bernama) — Bank Islam Malaysia Bhd (Bank Islam) and the Credit Counselling and Debt Management Agency (AKPK) have signed a memorandum of understanding (MOU) to expand financial management education for individuals as well as small and medium enterprises (SMEs).

Bank Islam said the programme is for the benefit of its SME customers and will be conducted by AKPK representatives from modules developed by Bank Islam and AKPK.

“These holistic and practical modules will strengthen the knowledge of participants and help them make appropriate financial assessments,” the bank said in a statement.

The signing ceremony was officiated by Bank Islam chief executive officer (CEO) Mohd Muazzam Mohamed and AKPK CEO Azaddin Ngah Tasir last Friday.

Mohd Muazzam said Bank Islam also aims to provide value-added services such as negotiating and financial planning services.

“This will make the modules more holistic and practical and help individuals and SMEs enhance their financial management knowledge,” he said, adding that such knowledge will help them make better financial decisions.

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