From L to R: Anurag Mathur, Head of Group Islamic Wealth Management, Maybank; Dr John Lee,Country CEO & CEO, Maybank Singapore; Dato' John Chong, Group Chief Executive Officer, Community Financial Services, Maybank; Dr Muhd Ramadhan Fitri, Director, Islamic Finance Strategic Programme, Maybank; and Alvin Lee, Head of Group Wealth Management & Community Financial Services, Maybank.

Maybank opens Islamic wealth management hub in Singapore

It will offer end-to-end Islamic wealth solutions.

Maybank Group has unveiled an Islamic Wealth Management (IWM) regional offshore hub in Singapore.

This makes Maybank the first bank in the Lion City to offer end-to-end Islamic wealth solutions. 

Services offered are aligned with the bank’s five IWM pillars: wealth creation, accumulation, preservation, purification, and distribution.

Even before the launch of the offshore hub, Maybank already offers the largest number of Shariah-compliant unit trust funds in Singapore, at 13 funds. 

Maybank Group President & CEO Dato’ Khairussaleh Ramli said that the new IWM regional hub launch is a key milestone for Maybank in its bid to become a global IWM leader. 

ALSO READ: Maybank eases cross-border fund transfers between SG, Malaysia

“Maybank Singapore is well positioned to leverage these strengths to grow the IWM business, while being supported by our highly experienced expertise from Malaysia built over the years,” Ramli said.

Maybank Head of Group Islamic Wealth Management, Anurag Mathur noted that the new hub puts Maybank in a strong position to serve customers and take advantage of the growing demand for Islamic banking services.

“The Asia Pacific region accounts for 30% of global high net worth individuals’ wealth, and roughly a quarter of all Islamic finance assets are concentrated in Southeast Asia. Affluent individuals in the region are seeking more sophisticated wealth solutions including Islamic investments, protection and financing,” Mathur noted, adding that these individuals are also subscribing to Islamic wealth solutions such as ethical investing, philanthropy and succession planning in line with their values. 

“With Singapore as the IWM hub for the Maybank Group, we are in a strong position to serve our onshore and offshore customers with our complete suite of Islamic wealth solutions in the market,” Mathur added.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.