Bank Muamalat Facilitates Payment of Indonesian Hajj Dam

Jakarta, September 6, 2018 - PT Bank Muamalat Indonesia Tbk. ("Bank Muamalat") cooperates with Al-Rajhi Bank Malaysia (ARBM) in terms of remittance from and to Saudi Arabia. One feature is a damm payment for Indonesian pilgrims.

Dam is a fine that must be paid by pilgrims. The reason for the pilgrims to pay for the damm is one of them because of performing Umrah first or known as Hajj Tamattu '. During this time damm payments were made directly in Saudi Arabia.

Bank Muamalat Chief Executive Officer (CEO) Achmad K. Permana said, through this collaboration pilgrims could pay the damm before leaving for the Holy Land through the facilities provided by Bank Muamalat. For the initial stage, this facility can be used by special pilgrims through the intermediaries of special Hajj organizers or special Hajj travels.

"Bank Muamalat is the first bank to facilitate damm payment for Indonesian asala pilgrims before arriving in the Holy Land. We hope that this service will make it easier for pilgrims to be more solemn in worship, "he said.

The signing of the memorandum of understanding "Saudi Arabia Riyal (SAR) Remittance and Hajj & Umrah Payment Solutions" between Bank Muamalat and Al-Rajhi Bank Malaysia was held on Wednesday, 5 September 2018 in Kuala Lumpur Malaysia. Al-Rajhi Bank Malaysia is the correspondent of Al-Rajhi Saudi Arabia.

CEO of PT Bank Muamalat Indonesia Tbk Mr. Achmad K. Permana Visited the Kuala Lumpur Branch Office

Al-Rajhi provides a payment channel in collaboration with ADAHI as the manager and distributor of sacrificial meat from damm payment. ADAHI has been managed by the Islamic Development Bank Group (IDB) since 1983 and cooperates with Saudi authorities.

Bank Muamalat has collaborated with more than 4 associations and 157 Special Hajj / Travel Organizers as a target market in this damm payment. For remittances from Al-Rajhi Malaysia to Al-Rajhi Saudi Arabia, use the Amanah Gateway platform. Outside the Hajj season, Amanah Gateway can be used to deliver business to business riyals from Indonesia to Saudi Arabia.

For information, Al Rajhi Bank is the largest Islamic bank in the world that was founded by Sulaiman Al-Rajhi in 1958. Forbes magazine once named Sulaiman Al-Rajhi as the 120th richest person in the world. In total Al Rajhi Bank provides more than 3,600 ATM machines and has 130 remittance centers throughout the Saudi Arabia region.

Bank Muamalat continues to develop services that facilitate customers in running Hajj and Umrah. Aside from being a Bank that receives Hajj Fee Providers (BPS-BPIH), Bank Muamalat has also launched a 1hram card as a card that facilitates all transactions of pilgrims in the Holy Land, starting from Indonesian-language ATMs, free cash withdrawals up to three times in all ATMs with logo VISA / Plus with a maximum transaction of 250 riyals, as well as spending subsidies of 15% to 250 thousand in stores and merchants with the VISA / Plus logo in Saudi Arabia.

Bank Muamalat Facilitates Payment of Indonesian Hajj Dam

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