Maybank Singapore Islamic Banking has committed S$36,000 (RM111,654) to subsidise the transport needs of underprivileged students from six madrasahs this year.
Since its inception in March 2012, the Maybank Get-to-School Transport Grant collaboration between Maybank Singapore and Central Singapore Community Development Council has disbursed a total of S$23,400 to 65 students from five secondary schools.
This year, the grant will also be extended to another 100 students from six madrasahs, with each student receiving S$360 in transport subsidy.
The schools are namely, Madrasah Al-Irsyad Al-Islamiah, Madrasah Al-Arabiah Al-Islamiah, Madrasah Aljunied Al-Islamiah, Madrasah Al-Maarif Al-Islamiah, Madrasah Wak Tanjong Al-Islamiah and Madrasah Alsagoff Al-Arabiah.
In his address at the grant presentation ceremony here Friday, Mohd Ismail Hussein, Head of Maybank Singapore Islamic Banking, said his bank found the programme initiated by Maybank Singapore last year useful and practical for needy students, and that was why Maybank Singapore Islamic Banking decided to join in the effort.
"Extending the transport grant to include madrasah students is a sign of our commitment to help Muslim families who are in financial need," he said.
(The Malay Mail / 23 Feb 2013)
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Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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