Wednesday, October 10, 2007

Plus One eCash Prepaid Card From RHB Bank

Style & Convenience



Introducing RHB Bank’s latest product, the PlusOne eCash Prepaid card, a stored-value card for anyone above 12 years old, with a spending limit based upon the amount loaded into the card.

Although the usage of this card is similar to a credit card, the difference lies in:

No credit checks:
Anyone can apply*
Only IC/MyKad or passport required


Having a lower age limit:
To budget your child’s monthly spending
As a financial education tool
For transferring cash to students overseas



Having to reload cash prior to spending:
Enabling budget control
Debt free
Less fraud


As the PlusOne eCash Prepaid card is another collaborative effort between RHB Bank and Senheng Electric, Malaysia’s largest electrical retail chain, it comes packed with benefits at Senheng/senQ such as:

Earning 1% PlusOne Ringgit for all purchases
Enjoying an additional 1 year warranty for all products
On the spot redemption of any product
And many more!


Eligibility :
Anyone 12 years and above.

Documents Required
Front copy of your IC/MyKad or Passport.

Starter packs only available at Senheng/senQ, so grab one from your nearest outlet today! For more information, call 03 9206 8118 for Peninsular Malaysia, 082 276 118 (Sabah & Sarawak)

*Registration form to be completed.

Get the eCash starter pack from SengHeng or SenQ outlets

Hong Kong aims to become Islamic finance hub

HONG KONG (AFP) - Hong Kong's chief executive said Wednesday the city would look to emulate Malaysia and Singapore as a centre for Islamic finance, in an effort to grab a slice of the thriving market.

In his annual policy address, Donald Tsang said providing financial products that comply with Islamic law "offers huge potential for development."

"To further consolidate Hong Kong's position as a global financial centre, we should actively leverage on this new trend by developing an Islamic financial platform in Hong Kong," Tsang told legislators.

"Apart from stepping up our efforts to promote Hong Kong's financial services to major Islamic countries and regions, we will focus on developing an Islamic bond market."

Tsang said the city's Monetary Authority was now working with the financial sector to develop products that complied with Islamic finance's strict rules, where interest payments and profits earned from alcohol, pornography, pork or gambling are all banned.


Since Muslim-dominated Malaysia's first issuance of sovereign global Islamic bonds in 2002, there has been a series of other issuances by countries such as a United Arab Emirates, Qatar, Bahrain and Pakistan.

Malaysia retains the world's largest Islamic bond market, accounting for about 47 billion US dollars or two-thirds of total Islamic bonds outstanding worldwide.

Singapore has also pushed to establish itself as an Islamic banking centre.

Hong Kong could also face competition from former colonial power Britain, where Lloyds TSB became the country's first high-street bank to provide services compatible with Islamic Sharia law, following the establishment of the Islamic Bank of Britain (IBB).

Maybank2u.com - Interbank Fund Transfer limit increased to RM5000 daily

Funds Transfer

There is no need to write a cheque each time you want to transfer funds. With Maybank2u.com, you can transfer up to maximum RM5,000 online per day to savings and current accounts in Maybank as well as to 17 other banks and financial institutions.