RHB Islamic Bank Bhd (RHB Islamic) last week signed an agreement with Sedania Media Group and E-Pay for the introduction of telecommunication air time in its tawarruq offerings.
Signing the agreement were (seated from left) Sedania group CEO Azrin Mohd Noor, RHB Islamic MD Jamelah Jamaluddin and E-Pay CFO Yap Chih Ming. Witnessing the event were RHB Islamic chairman Datuk Faisal Siraj (2nd from left), Sedania chairman Tan Sri Halim Ali (3rd from left) and Deputy Minister of International Trade and Industry Datuk Mukhiz Mahathir (2nd from right). Tawarruq is an Islamic-based product which allows for users to raise funds. (The Malaysian Reserve, Aug 17, 2009, p32)
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