Bank Islam Malaysia Offers Financial Relief Measures for Flood-Affected Businesses and Individuals

Bank Islam Malaysia Bhd has launched a series of financial relief measures to support micro, small, and medium enterprises (MSMEs) and individual customers affected by the recent floods nationwide. The bank's disaster relief facility financing programme provides financing to eligible MSMEs to repair or replace damaged business assets, while a moratorium of up to six months is available to existing MSME customers in flood-prone areas. Additionally, the bank is offering a 'Prihatin Programme for Flood' for individual financing customers, which includes a deferment of monthly instalments for up to six months and free replacements for damaged or lost credit and debit cards.

Key Takeaways:

• The bank's disaster relief facility financing programme will provide financing to eligible MSMEs to repair or replace damaged business assets, such as manufacturing plants and machinery, as well as for essential working capital.
• A moratorium of up to six months is available to Bank Islam's existing MSME customers in National Disaster Management Agency (NADMA)-designated flood disaster areas.
• The 'Prihatin Programme for Flood' for individual financing customers will offer a deferment of monthly instalments for up to six months, subject to applicable terms and conditions.
• Bank Islam is also providing free replacements for damaged or lost credit and debit cards, as well as cheque books.
• Applications for financial relief can be submitted at the nearest operating Bank Islam branches within three months of the incident.
• Bank Islam's group chief operating officer and group chief sustainability officer, Mohamed Iran Moriff Mohd Shariff, stated that the bank has been closely monitoring the situation and is taking proactive actions to ensure simple documentation and approval processes for customers.

Statistics:

• Up to six months' deferment of monthly instalments available to individual financing customers affected by the disaster.
• Moratorium available to existing MSME customers, covering all credit facilities with scheduled or contractually due payments.
• Loan financing available to eligible MSMEs to repair or replace damaged business assets and for essential working capital.
• Three months' timeframe for submitting financial relief applications at the nearest operating Bank Islam branches.
• The bank has launched the disaster relief facility financing programme, targeting MSMEs in NADMA-designated flood disaster areas.

Sources:

• BERNAMA News Agency, 18 Sep 2025.