KUALA LUMPUR – Maybank Islamic Bhd has today launched its comprehensive Islamic wealth management (IWM) solution to help meet the growing demand for shariah-compliant investments and solutions in the country.
Chief executive officer Datuk Mohamed Rafique Merican Mohd Wahiduddin Merican said the solution covered all the five essential elements of IWM namely, wealth creation, accumulation, protection, purification and distribution.
“This launch is specifically for, but of course not limited to, our customers who, based on their faith and lifestyles, have a preference for a shariah-compliant offering and we want to fulfil their needs.
“Our intention is to provide the customer with a choice, should a conventional wealth management solution not fulfil their needs,” he said in a statement today.
Rafique said the IWM solution is unique in that the bank would provide a single touch point for its customers’ wealth management requirements as they progress through life.
From shariah-compliant accounts and fixed deposits services, investment products, takaful, zakat and waqf contributions to estate planning – these would all be under one roof within the Maybank Group, he said.
“The IWM clients will be assigned with an Islamic Financial Planner-certified wealth advisor, saving the clients’ time and resources in finding the suitable products and services for their respective needs under each pillar.
“In addition, they will have access to shariah advisory to obtain expert views relating to Islamic wealth and legacy planning such as zakat, wasiat and hibah,” he said, citing the solution is open to new and existing customers who maintain a minimum of RM50,000 worth of investable assets with the bank. – Bernama, July 21, 2021
