KUALA LUMPUR (Dec 12): Maybank Islamic aims to issue over 100,000 new credit cards in 2023 that are eco-friendly and feature sustainable elements.

In a statement on Monday (Dec 12), the bank said new credit cards will be available for its Amex, Mastercard and Visa Ikhwan lines and in a three-month campaign commencing from Dec 12 in conjunction with the unveiling of these new cards.

Maybank Islamic said it will reward cardholders with 5x TreatsPoints for every RM1 spent with specified eco-friendly merchants and sustainable businesses.

It said more than 30 such merchants and businesses have been selected to be a part of the campaign based on their commitment to environmentally friendly and sustainable practices.

The list of merchants, which currently covers various categories including grocery shopping, retail, clothing, transportation, hotels and solar-power providers, is expected to expand in the near future.

Maybank Islamic chief executive officer Datuk Mohamed Rafique Merican said the introduction of these cards are timely and bodes well given the rise in customer’s awareness for a more eco-friendly, green and sustainable solution.

“As a responsible financial institution, Maybank Islamic is committed to ensuring good ESG practices within its business whilst creating awareness and educating customers on adopting sustainable practices.

“We understand and recognise the journey ahead, hence, we are committed to looking for new ways and solutions to reduce our collective carbon footprint through the introduction of this new bio-sourced credit card,” he said.

Maybank Islamic said the new credit card comprises of 84% bio-sourced and renewable materials, which are plant based and bio-degradable in nature.

The use of polyvinyl chloride (PVC), petroleum-based plastic and fossil-based plastic will be reduced by 82%, it said.