Maybank Islamic has rolled out an Islamic wealth management offering covering wealth creation, accumulation, purification and distribution, local reports have said.
Clients will be assigned an Islamic financial planner or a certified wealth adviser to find suitable products and services according to their needs under each Islamic pillar.
Clients will also have access to Sharia advice and receive expert views on Islamic wealth and legacy planning issues such as zakat, a charitable donation; wasiat, a person’s Will; and hibah, a gift.
“From Shariah-compliant accounts and fixed deposits services, investment products, takaful, zakat and waqf contributions to estate planning, all these will all be under one roof within the Maybank Group,” the firm said.
Datuk Mohamed Rafique Merican, Maybank Islamic chief executive, added: “The core of our offering is the assurance that our solution is approved by our Shariah committee comprising notable scholars and practitioners.
“This launch is specifically, 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.”
The solution is open to perspective and existing customers with a minimum MYR50,000 (£8,680, $12,000, €10,110) worth of investible assets with the bank.
