4 August
2025
KUALA
LUMPUR, Aug 4 (Bernama) -- Bank Muamalat Malaysia Bhd, in a strategic
collaboration with Syarikat Takaful Malaysia Am Bhd (Takaful Malaysia Am),
have introduced Malaysia’s first Cyber Takaful Protection available
from as low as RM14.80 per year.
The
protection is offered as an affordable option for all banking customers to
better navigate the growing challenges of digital security.
“This
high-impact initiative reflects the shared commitment of both institutions to
strengthen digital customer security and expand protection against increasingly
challenging cyber threats,” they said in a statement today.
Eligible
and consenting customers will receive 12 months of cyber protection, which
includes safeguards often excluded from traditional plans, such as counterfeit
products, confidence scams, and unauthorised electronic fund transfers. In
addition, the protection is also offered automatically to eligible new MSalary+
customers (a comprehensive salary package) as part of the retail product
onboarding process.
As
part of this strategic collaboration, Takaful Malaysia Am has been appointed to
manage the cyber protection plan under the bancatakaful partnership with Bank
Muamalat.
Available
across all Bank Muamalat branches, this initiative forms part of the bank’s
wider mission to champion safe, secure and inclusive digital banking
experiences.
Bank
Muamalat president and chief executive officer (PCEO) Khairul Kamarudin said
the initiative is part of the bank’s dedication to ensure that its
customers feel safe and confident every time they transact online. “By
integrating cyber protection into our offerings, we are not only shielding
customers from threats but also strengthening trust and resilience in today’s
banking landscape,” he added.
Takaful
Malaysia group chief executive officer Nor Azman Zainal said
the initiative reinforces its leadership in driving innovation and trust
across Malaysia’s digital financial ecosystem. “The unveiling of this
first-of-its-kind shariah-compliant protection plan in Malaysia marks a
significant milestone in our strategic bancatakaful partnership with Bank
Muamalat, reflecting our shared commitment to strengthening digital resilience
and addressing the rapidly evolving landscape of cyber threats,” he said.
This
initiative directly supports national aspirations under the Malaysia Cyber
Security Strategy 2020–2024 and Bank Negara Malaysia’s digital risk management
agenda. It also complements the government’s broader push toward inclusive,
secure and technology-driven financial services.
By
becoming the first Islamic bank in the country to offer such protection, Bank
Muamalat reaffirms its role as a digital banking innovator, a trusted financial
partner and a strong advocate of building customer trust grounded in
shariah-compliant values.
The
Cyber Theft Protection Coverage is available from August 2025 at all Bank
Muamalat branches nationwide.
https://www.bernamabiz.com/news.php?id=2452876