As part of its digital banking thrust, OCBC Al-Amin Bank Berhad (OCBC Al-Amin) has introduced OCBC eBiz Account-i to enable SMEs to open a Shariah-compliant business account entirely online.

(L-R): Launching OCBC eBiz Account-i – Ms Amanda Gan, Head of Marketing of Emerging Business, OCBC Bank (Malaysia) Berhad; Tuan Syed Abdull Aziz Syed Kechik, CEO of OCBC Al-Amin Bank Berhad; En Mohd Kamal Bin Abdul Karim, Head of Islamic Product & Business Development of OCBC Al-Amin Bank Berhad

OCBC eBiz Account-i, designed for SMEs looking for a simple, fast, and convenient business account, mirrors OCBC Bank (Malaysia) Berhad’s highly successful and fully online OCBC eBiz Account.

Both the conventional and Shariah-compliant accounts are open to SMEs that are wholly owned by Malaysians with up to two directors or partners.

According to OCBC Al-Amin CEO Tuan Syed Abdull Aziz Syed Kechik there is strong demand among SMEs for Shariah-compliant business accounts that can be opened entirely remotely, and the Bank is ready to meet the demand.

“Convenience and security are key to meeting the growing customer appetite for digital banking products and services. So, OCBC eBiz Account-i offers the convenience without compromising on security and we have ensured that this is possible with robust systems in place and through our own dedicated OCBC eKYC platform which is supported by CTOS Data Systems Sdn Bhd (CTOS). We are confident that SMEs seeking Shariah-compliant options will thrive on this all-encompassing business account from the get-go,” he said.

The Shariah-compliant business account features a relatively low initial deposit of RM500, complimentary business internet banking services through award-winning online business banking service OCBC Velocity, and specialised business finance management tools to help SMEs thrive in the fast-paced digital arena.

To apply, a company must be wholly owned by a Malaysian and registered under Suruhanjaya Syarikat Malaysia, and its business must satisfy Shariah compliance criteria.  Alongside this, there may also be additional eligibility criteria.

To sign up, SMEs may visit: www.ocbc.com.my/ebiz-i