DRB-HICOM University: Affordable loans now available

Bank Muamalat and DRB-HICOM University of Automotive (DRBHU) have joined forces to provide accessible and affordable financing options for students pursuing higher education at the university.

DRB-HICOM Uni: Expanding access to education

This collaboration strengthens the connection between Bank Muamalat and DRBHU, both members of the DRB-HICOM Berhad group.

The partnership aims to cultivate skilled professionals to meet the growing demands of Malaysia’s automotive industry.

Khairul Kamarudin, President and Chief Executive Officer of Bank Muamalat, emphasised the mutual benefits of the initiative.

“This collaboration offers significant advantages for all parties involved. DRBHU students, particularly those facing financial constraints, can now access affordable financing for their education through Bank Muamalat.”

Khairul further stated, “This financing solution has the potential to benefit other institutions of higher learning seeking to provide additional support to their student body.”

Opening doors for aspiring students

According to Professor Dato’ Sr. Dr. Omar Osman, Vice Chancellor of DRBHU, the collaboration with Bank Muamalat promotes greater inclusivity in educational opportunities.

“This partnership grants our current and prospective students convenient access to affordable financing options, starting as low as 2.93%, through Bank Muamalat’s Cash-i Muamalat Education Financing.

DRBHU students can apply for financing up to RM100,000, encompassing programs from Skills Certificate (SKM) and foundation levels to Doctoral degrees.”

“A critical barrier for many aspiring students is funding their education. This collaboration tackles that obstacle and fosters greater access to university education for students at all levels,” explained Omar.

By establishing this collaboration, Bank Muamalat and DRBHU contribute to the development of Malaysia’s future workforce within the automotive industry.

This initiative empowers students by facilitating access to higher education through affordable financing solutions.