Maybank Group launched its Islamic Wealth Management regional offshore hub for solutions via Maybank Singapore, where it can now offer IWM service beyond Malaysia and Indonesia.
Maybank Islamic Berhad is the 5th largest Islamic bank by assets globally at more than USD67 billion in 2022. With the latest introduction, Maybank Singapore is now the first bank in Singapore to offer end-to-end Islamic wealth solutions. The group said the solutions are aligned to the five IWM pillars Wealth Creation, Accumulation, Preservation, Purification and Distribution.
In Singapore, Maybank has the largest offering of Shariah-compliant unit trust funds, at 13 funds, and has been identified as the Group’s IWM regional offshore hub as it is an established financial hub for wealth management.
As IWM solutions are values-based and sustainable at its core, an increasing demand in alternative and purpose driven investments such as sustainable investments and Islamic wealth make these offerings attractive to customers of all backgrounds.
Maybank Group President & CEO, Dato’ Khairussaleh Ramli said “This IWM regional hub launch is a key milestone for Maybank as we make our mark as a global IWM leader. Maybank Singapore is well positioned to leverage these strengths to grow the IWM business, while being supported by our highly experienced expertise from Malaysia built over the years.
