Claim your money / Shafinar Ismail … [et al.]

Ismail, Shafinar and Hashim, Nurhaslinda and Mohamed, Nor Aizan and Mohd Husin, Muhammad Nizar and Mohd Jefri, Muhammad Syukri and Shaharuddin, Fatin Nabila and Abdul Malek, Farissa Alyna (2017) Claim your money / Shafinar Ismail … [et al.]. In: Melaka International Intellectual Exposition (MIIEX 2007). Division of Research and Industry Linkages, Alor Gajah, Melaka.

Download

[thumbnail of 47833.pdf] Text
47833.pdf

Download (426kB)

Abstract

Unclaimed money is accounts in financial institutions or companies that have had no activity generated or contact with the owner for a year or longer and mainly made up of inactive bank accounts, unclaimed fixed deposits that have expired, insurance pay-outs and interests. It is being held in trust by the Registrar of Unclaimed Moneys in the Accountant-General’s Department. The unclaimed money problem in this country is getting out of hand and all that missing stuff is starting to pile up. A staggering RM 5.779 billion remains unclaimed by Malaysians, all the way from 1977 up to June 30, 2017 (New Straits Times, 2017). The total unaudited amount stands at RM 8.8 billion. So far, only RM 1.579 billion has been returned. (Deputy Finance Minister, Dato’ Othman Aziz, 2017). This will help to reduce the number of unsolved cases in unclaimed monies, avoid a lengthy and costly process of unclaimed monies, offers automated convenience checks for users, and allow users to manage your financial affairs by following specific written instructions. This application is created for self-managing unclaimed money that can be easily accessed by all. These unclaimed monies must be claimed in order to increase the value of ringgit in Malaysia. When citizens use the money to make day to day transactions, thus the purchasing power in Malaysia will also increase. This application is aimed to be sold to the Accountant General's Department o f Malaysia, collaborating with the financial Institutions and non-Bank Financial Institutions.

Metadata

Item Type: Book Section
Creators:
Creators
Email
Ismail, Shafinar
UNSPECIFIED
Hashim, Nurhaslinda
UNSPECIFIED
Mohamed, Nor Aizan
UNSPECIFIED
Mohd Husin, Muhammad Nizar
UNSPECIFIED
Mohd Jefri, Muhammad Syukri
UNSPECIFIED
Shaharuddin, Fatin Nabila
UNSPECIFIED
Abdul Malek, Farissa Alyna
UNSPECIFIED
Contributors:
Contribution
Name
Email / ID Num.
Patron
Mahat, Sabariah
UNSPECIFIED
Advisor
Othman, Rani Diana
UNSPECIFIED
Advisor
Harun, Norazman
UNSPECIFIED
Advisor
Ismail, Shafinar
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Banking > Bank accounts. Bank deposits. Deposit banking
H Social Sciences > HG Finance > General works. Financial institutions
Divisions: Universiti Teknologi MARA, Melaka > Bahagian Penyelidikan dan Jaringan Industri, UiTM Melaka
Item ID: 47833
Uncontrolled Keywords: Unclaimed money; Inactive bank accounts; Financial institution
URI: https://ir.uitm.edu.my/id/eprint/47833

ID Number

47833

Indexing


View in Google Scholar

Edit Item
Edit Item