VISION AND MISSION
Our Vision and Mission is to champion a more just and equitable socio-economic society in Malaysia through providing financial solutions based on Shariah principles that facilitate ethical economic activities. We believe in a balanced social and economic society where wealth and resources are shared more equitably through ethical and productive activities that contribute to a vibrant, transparent and healthy economy.
UMMI is well positioned to offer and provide digital financial products and services that are Shariah-compliant and of the highest quality and convenience to all Malaysians irrespective of creed, race and religion.
The rapid increase in the use of digital financial products and services amongst Malaysians, will allow us to build the speed and efficiency in reaching out to the underbanked and unbanked segments of Malaysians, thus achieving our objective of creating inclusivity and contributing positively to Malaysia’s economy and environment for the current and future generation but without compromising on financial returns.
UMMI FINANCIAL will strive to deliver positive and sustainable impact in both financial reach and socio-economic improvements
OUR CORE VALUES
Uplifting the Community
The best solutions are win-win for all – outcomes that would generate positive and sustainable impact to uplift the lives of others. We would leverage from this collective intent by providing the relevant financial solutions through digital channels.
Nurturing Innovation Culture
Uplifting the community requires significant change and continuously challenging the status quo. We achieve this through understanding customers’ needs, match the innovation that works and partnering with like-minded people with mutual goals. Through this strength, we aim to energise our cause and succeed together with others who believe in making an impact on the lives of others.
Inclusivity and Diversity in Outreach
We want customers of UMMI, regardless of background, financial circumstances and belief, to feel included and accepted. Everyone is welcomed and deserves an equal opportunity of banking with us.
Transparency and Thrusting Integrity
We understand transparency and integrity are determinants in building brand loyalty and customer satisfaction. UMMI commits to upholding these values in our operations to provide confidence and foster trust amongst our stakeholders and customers that their interests are protected.
Enhance Distribution of Wealth
UMMI would embrace Islamic Social Finance as a strategic approach not only in offering financial products and services but also channelling funds towards tackling poverty and improving the wellbeing of the poor and neglected people in our community. Part of the funds would devolve into sustainable humanitarian initiatives where the goal is to deliver social impact and economic returns that gradually lift these individuals out of a state of dependence, moving from un-bankable to become bankable.
OUR CONTRIBUTION TO THE ECONOMY
Malaysians expect that their continuously evolving financial needs to match the best there is in the market – with innovative products and services as well as utilising more efficient technologies and processes.
UMMI is ready to fulfil that needs and at the same time offering its capability in uplifting the community sustainably through socially responsible initiatives and financial support.
We believe individuals and businesses in Malaysia can be served better through the use of innovative technologies and product innovation in the financial sector, particularly in serving the underserved. We want to uplift the community sustainably through charitable initiatives and provide the necessary financial support which incumbent banks fall short of. Our team members have themselves been working or worked with and for MSMEs and understand first-hand the challenges MSMEs in Malaysia face every day. Through a fully digital financial platform, we can not only provide the support needed to nurture and grow MSMEs, but also bring benefits to MSME owners, their employees and family members, and the broader ecosystem around them. UMMI aspires to bring financial services and practical offerings to businesses and consumers and to address their unmet needs.
Most importantly, what sets UMMI apart from incumbent players is we want to be the entity that aggregates
Cash Waqf initiatives to build Waqf economy at scale. Currently untapped, Jabatan Wakaf, Zakat dan Haji approximates over RM 60 billion value of Waqf land value assets available for development that could benefit the community. While this latent potential does not come with financial and geographical challenges, the potentials are substantive. There are also public concerns about Cash Waqf funds that can be further improved. By collaborating with Waqf institutions and letting them entrust us with their funds, we can provide professional fund management service and governance, giving trust and confidence to the donors that we would manage and distribute the funds with transparency, credibility and accountability.
ADDRESSING THE GAP IN FINANCING AND TECHNOLOGY
55%
Of the Malaysian are under banked , 8% are unbanked.
38%
on average approval rate for SME financing.
50%
of the Malaysians earn less than RM2,000 per month.
76%
of the SMEs are micro enterprises.
MANAGEMENT TEAM
UMMI is well positioned to offer and provide digital financial products and services that are Shariah-compliant and of the highest quality and convenience to all Malaysians irrespective of creed, race and religion.
The rapid increase in the use of digital financial products and services amongst Malaysians, will allow us to build the speed and efficiency in reaching out to the underbanked and unbanked segments of Malaysians, thus achieving our objective of creating inclusivity and contributing positively to Malaysia’s economy and environment for the current and future generation but without compromising on financial returns.
UMMI FINANCIAL will strive to deliver positive and sustainable impact in both financial reach and socio-economic improvements