RHB Islamic Bank (RHB) signed a strategic partnership with Brainy Bunch International Montessori (Brainy Bunch) to inculcate the habit of saving money in children, and it will be Islamic accounts under the Commodity Murabah (cost plus profit) concept.
The partnership between RHB and Brainy Bunch will see a three month long Current Account Savings Account (CASA) campaign promotion for students as well as parents and staff of Brainy Bunch through the RHB Children Account-i and RHB Smart Account-i.
These accounts can be opened online with a minimum of RM20.00 and RM1,000.00 respectively, said the company in a media release.
Datuk Adissadikin Ali, Managing Director for RHB Islamic Bank Berhad said: “RHB is a bank that focuses on
driving financial literacy in our pursuit to nurture our future generation, therefore, the collaboration with
Brainy Bunch is an effort to inculcate the habit of savings among children, a step that would help them
better manage their finances in the future.”
“RHB Islamic aims to obtain 3,100 more new accounts for the RHB Children Account-i and RHB Smart
Account-i throughout the campaign period. With the RHB Children Account-i that was recently introduced,
parents can assist their children in opening an account with minimal deposit”.
Mohd Fadzil Hashim, Founder and Chief Executive Officer, Brainy Bunch Sdn Bhd said the strategic partnership with RHB augurs well with our massive expansion nationwide. Access to dedicated banking services and financing will assist us to be more efficient and help us to maintain and upgrade our services to parents and our students. Parents need to open a bank account for their children in order to receive this offer. The coin box will motivate our students to learn the importance of savings and ‘Sadaqah’.