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Published by bmf1906045, 2021-04-22 22:19:48

the differences between islamic bank and conventional bank

BOP assignment

KOLEJ PROFESSIONAL MARA
BANDAR MELAKA

BANK OPERATION AND PRACTISES
MGT3663

Prepared by BMF1906045
Syarifah A’in Natasya jamalolail binti syed ikmal hashim BMF1906089
BMF1906101
Muhammad Arif bin Alias
Muhammad Wafiuddin bin mohd refi’e

Muhammad Hafiz Ikmal

SUBMISSION DATE:26th APRIL 2021

PREPARED FOR
NOOR AISYAH BINTI OTHMAN

ACKNOLEDGEMENT

We would like to extend our deepest gratitude to our dearest lecturer Puan Noor Aisyah
Binti Othman for assigning, briefing and guiding us to form this group work correctly. Not to
forget to all the group members that has given their most effort and gave the most information
to have put together this assignment. We also like to say thank you to all the people that has
indirectly guide us in doing the assignment for the best.

Table of content page
INTRODUCTION
Comparison in the term of current deposit account 1
Comparison in the term of Islamic credit card 2
Reference 3

INTRODUCTION

Based on the title written, this is a task that was assigned by our dear lecturer Puan
Noor Aisyah binti Othman on the differences between Islamic and conventional bank to see
what kind of elements that is contained and what is forbidden in the bank itself, and for this
task I’ll be using Maybank Islamic and conventional public bank to be compared in the term of
current deposit account in chapter 3 and inah personal financing in chapter 4.

THE DIFFERENCES BETWEEN ISLAMIC BANK AND
COVENTIONAL BANK

• IN THE TERMS OF CURRENT DEPOSIT ACCOUNT

MAYBANK ISLAMIC ASPECTS CONVENTIONAL PUBLIC BANK
18years old and above with REQUIRMENTS an account For both non and
minimum deposit of RM1,000 – Malaysian residential individuals
RM2,000 per individual or joint BENEFITS that is 18 and above with an initial
account with required documents deposit of RM1,000
to clarify Malaysian resident or
emigrant • the mid of every month,
Interest is calculated daily
• Facility check and payable on.
• Shariah concept of Qard
• balances above RM5,000,
(loan) Interest is payable.
• limitless withdrawals at
• For your convenience to
home branch keep on track of your
• frontier withdrawals of up expenses, they provide a
month statement
to RM10,000 for personal
account holders • Accessible through any
• limit of RM1,000 Public Bank branch, ATM or
withdrawal per day PBe.

PROHIBITED INTEREST ALLOWED

• IN THE TERM OF ISLAMIC CREDIT CARD

MAYBANK ISLAMIC ASPECT CONVENTINAL PUBLIC BANK
(MASTERCARD IKHWAN GOLD REQUIRMENTS (PB VISA GOLD CREDITCARD)

CARD) • Minimum Age Requirement:
• Malaysians with a Principal is 21, Additional is
18
minimum annual income of
• Minimum Annual Income
RM30,000 RM24,000

• Emigrants with a minimum
income of RM60,000

• Requirement age between 21 to
65 years old

• Additional cardholders: 18
years old to 65 years old

FREE LIFETIME ANNUAL FEE Principle wil pay only RM150
BENEFIT supplimetary will pay RM100
• petrol and groceries on Friday
and Saturday will be on 5% • Unlimited Cash MegaBonus
rebate, RM50.00 per customer of 0.1% on both Malaysian
per month is its maximum resident and emigrants
capped.

• The Bank will contribute 0.1%
for charity purposes With every
spending.

• Each Rm1 spend in Malaysia or
foreign country earn 1
Treatspoints except for Petrol &
Groceries on Friday & Saturday
and government bodies.

References

CreditCard. (n.d.). Retrieved April 22, 2021, from public bank:
https://www.pbebank.com/pdf/Cards/pds/pds_credit_pbb.aspx

current account. (n.d.). Retrieved April 20, 2021, from public bank: https://www.pbebank.com/Personal-
Banking/Banking/Deposit/Current-Accounts/ACE-Account.aspx

current account-i. (n.d.). Retrieved April 20, 2021, from MAYBANK:
https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/accounts/current/current
_account_i.page?

Islamic Credit Card. (n.d.). Retrieved April 22, 2021, from MAYBANK:
https://www.maybank2u.com.my/iwov-resources/pdf/personal/cards/credit_cards/MIB-
Ikhwan-Card_PDS.pdf


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