INTERVIEW REPORT

PUBLIC BANK
Public Islamic Bank is a new Islamic Bank that just widely expanding so it does not
have variety of services compared to Bank Muamalat.However for Public Bank, there are
various of Islamic products for each financing.For the vehicle financing of Public bank, the
profit rate for new car is 2.84% p.a. to 3.31% p.a.and for used car is from 4.05% p.a. to 4.1%
p.a.Public Bank also offer International Trade services because Public Bank are mostly
established in overseas.Public bank is not only focused on consumer banking, but it is focused
on corporate banking as well.

Public Islamic Bank’s best product is the full-flexi Home Save-i package, which comes
with a linked current account. Keep extra funds such as savings in this current account to
reduce the interest payments on your home loan. Withdrawals can be made flexibly at no cost
or redrawal fee.

Personal Financing of Public Islamic Bank is catered for public sector employees and
government servants and also available for selected public sector.the profit rate is calculated
on a fixed and flat rate basis.

For the deposits in Saving Account, first, Qard Saving Account-i. This account is
based on the contract of Qard which means the customer deposit the money into the saving
accounts and can easily withdraw the money anytime. Second, BESTARI Saving Account-I.
This account is basically for the customer with below 18 years old with an initial deposit of
RM10.00. When the account holder turning 18 years old, the account will be automatically
convert to Qard Saving Account-i. Third, PB MySalary Savings Account-i. Public Bank
welcome to the customer to open and credit monthly salary into this account and customer can
enjoy additional benefits with minimum of initial deposit as low as RM20.00 to open this
account. Forth, BASIC Qard Savings Account-i. This account is made based on the contract
of Qard which is free safekeeping of customer money and allows the customer easy access
for withdrawals whenever needed.

For the deposits in Current Account, first, Qard Current Account-I. Qard Current
Account-i is an Islamic account that follows the Shariah principle of a contract to lend money
to a borrower (bank) by a lender (customer). To open one, the customer must prepare an initial
RM1,000 deposit and bring an introducer along with the customer. Second, PLUS Current
Account-i, the customer will need a minimum deposit of RM3,000. The customer will be issued
with an ATM card after a successful opening, which also functions as a debit card where you
can pay for your purchases. Third, PLUS CURRENT ACCOUNT-I Enterprise. This account is
open for non-individual such as partnerships, corporate entities, associations, clubs, societies
with minimal deposit RM5000.00 and bring introducer during the account opening. Forth,
Basic Current Account-I. This account is open for Malaysian and Permanent Residents aged
18 years old and above with minimum deposit of RM500. The customer needs an introducer
which should be either an individual or a corporation that has maintained a Public Bank Current
Account for at least 1 year with a clean record. Fifth, Foreign Currency Current Account-i,
is basically an account that the customer can easily deposit foreign currency through PBe
which is online banking.

BANK MUAMALAT

For home financing of Bank Muamalat, it is an originally Islamic Bank so they provide
many services. Bank Muamalat’s stategy is focused on the target market as compare to Bank
Islam Malaysia.Each of the financing offered,they provide different schemes for different types
of customer. Bank Muamalat has a ceiling rate of 10.5% so it will not go beyond this ceiling
rate.

Next,Bank Muamalat provide various types of vehicle financing for students,goverment

servant,armed forces and retiring government servants. Bank Muamalat also offer fixed term
deposit that based on concept of Tawarruq / Commodity Murabahah.

ASB financing with rate of 5.1% and can be cancel anytime.In addition,Bank Muamalat
will channel the late penalty charges from their customer into the charity box which is known
as Mawaddah. The money will be used for corporate social responsibilty (CSR) expenses who
need it.

Bank Muamalat Personal Financing offers both flat rate and floating rate. The interest
rates offered would depends on tenure, amount and credit score of loan applicants.