The launch is positioned in line with Maybank Group’s M25+ Strategy to achieve global leadership in Islamic finance, and especially in IWM. Maybank Group’s Islamic banking arm, Maybank Islamic Berhad, is the fifth-largest Islamic bank by assets globally with more than US$67 billion ($89.8 billion) in 2022.
Maybank Group has launched its Islamic Wealth Management (IWM) regional offshore hub for solutions via Maybank Singapore on Nov 20, extending its IWM position beyond Malaysia and Indonesia.
Maybank Singapore is now the first bank in Singapore to offer end-to-end Islamic wealth solutions for customers through their different life stages, including planning for wealth transfer for the next generation. These solutions are aligned with the five IWM pillars – wealth creation, accumulation, preservation, purification and distribution.
