Maybank, Malaysia’s leading lender by assets, inaugurates an Islamic wealth management regional offshore hub in Singapore. This move aligns with Singapore’s attraction of substantial wealth inflows due to political stability, favourable tax conditions, and conducive policies for fund establishments. Maybank Islamic Bhd, Maybank’s Islamic banking arm, stands as the world’s fifth-largest Islamic bank with assets totalling $67 billion. The launch positions Maybank as the pioneer in Singapore to provide comprehensive “end-to-end Islamic wealth solutions,” addressing the escalating global demand for Shariah-compliant wealth products and services.
Read the original article here: https://www.msn.com/en-us/money/companies/malaysias-maybank-launches-islamic-wealth-management-hub-in-singapore/ar-AA1ke4Fq