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Maybank launches Islamic Wealth Management hub in Singapore

Maybank Group launched its Islamic Wealth Management (IWM) regional offshore hub in Singapore, extending its IWM reach beyond Indonesia and Malaysia. The move aligns with its M25+ Strategy for global leadership in Islamic finance, particularly in wealth management. Maybank Islamic Berhad, part of the Group, is the 5th largest Islamic bank globally, with assets over USD67bn in 2022. Maybank Singapore becomes the first in the country to offer comprehensive Islamic wealth solutions, including wealth transfer planning. The hub positions Maybank to leverage Singapore's status as a financial centre, offering the largest variety of Shariah-compliant unit trust funds in the city-state. The initiative caters to a growing demand for sustainable, values-based investments.


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