EONCAP Islamic Bank Makes Paying Zakat Convenient Through Revolutionary Combi Debit Mastercard

Kuala Lumpur, Tuesday 5 May 2009 – EONCAP Islamic Bank Berhad, a member of the EON Bank Group, announced today its strategic alliance with Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZMAIWP) to allow consumers to pay their zakat more conveniently using its EONCAP Islamic Combi Debit MasterCard. The zakat payment service is also extended to the Conventional Combi Debit MasterCard. “The fulfillment of Zakat is a major tenet of Islam. However, some Muslims may find it difficult to make their Zakat payments due to their busy urban lifestyles. So, even as Zakat payment counters have been set up at various public locations, we want to make things

even more convenient.

This is why we have formed today’s strategic alliance – to help our Muslims customers honour their religious obligations in an easier and more flexible way,” explained Pn. Fozia Amanulla, CEO of EONCAP Islamic Bank, during the launch event today.

EONCAP Islamic Combi Debit MasterCard can opt to make their Zakat payments in a lump sum, in two payments or even twelve payments. Since the funds will be taken directly from their savings account, cardholders no longer need to worry about the hassle in keeping track of their Zakat payments. Additionally, cardholders can also enjoy peace of mind with the security involved in the cutting-edge electronic banking technology that supports EONCAP Islamic Combi Debit MasterCard.

“In fact, paying one’s Zakat through the EONCAP Islamic Combi Debit MasterCard or the Conventional Combi Debit MasterCard is significant in the way it brings the fulfillment of timeless religious beliefs into the current modern banking system,” explains Pn. Fozia Amanulla.

The EONCAP Islamic Combi Debit MasterCard is the world’s first Islamic Debit MasterCard equipped with the MasterCard® PayPass™ contactless payment capabilities, representing a new payment system that encompasses debit, contactless, EMV and ATM functionalities. As the epitome of simplicity, convenience and value, the revolutionary card blends Islamic principles of finance with modern, cutting-edge technology. Zakat payment may also be conveniently made with EON Bank Group’s conventional award-winning Combi-Debit MasterCard.