Maybank Islamic has firmly positioned itself as Malaysia’s best Islamic bank, leading the charge in revolutionising Islamic financing both locally and across the ASEAN region.
Its dominance is reflected through a commanding market share in Malaysia, boasting 30.8% in Islamic financing and 27.9% in deposits and investment accounts. The bank manages assets exceeding RM351.7 billion ($81.9 billion), marking a robust year-on-year growth of 10.1%. Globally, it stands among the top five Islamic banks, attesting to its international status and extensive influence.
Central to Maybank Islamic’s success is its expansive and innovative product suite, designed to meet the nuanced needs of various customer segments. This includes Shariah-compliant solutions such as HouzKEY, a rent-to-own scheme which has enabled thousands of Malaysians to attain homeownership, and the myimpact range that spans across credit cards to SME supports.
Another noteworthy product, the Shariah-compliant mutually beneficial alternate renting tool (SMART) and the Gold Account-i, which remarkably has attracted more than 300,000 new accounts since its 2021 inception, underscore the bank’s commitment to providing inclusive financial products.
The digital innovation front at the bank is equally impressive, featuring the Digital Supplier Financing Programme-i that ensures expedited Shariah-compliant finance solutions, and the Zest-i account, which saw significant traction with more than 700,000 accounts by 2024.
In alignment with global priorities, Maybank Islamic is a pioneering force in ESG initiatives
Additionally, the Salaam Market platform exemplifies Maybank Islamic’s pivotal role in enhancing digital marketplaces geared towards halal products, exemplifying a commitment to technological advancements while strengthening community ties.
In alignment with global priorities, Maybank Islamic is a pioneering force in environmental, social, and governance (ESG) initiatives. It championed the world’s first sustainability-linked sukuk issuance from the plantation sector and actively mobilised RM26.12 billion in sustainable finance.
The bank’s extensive contributions to social responsibility are evident through its impactful zakat flagship programmes and the myImpact Ride Above initiative, demonstrating a steadfast dedication to community engagement and empowerment.
Its intensive focus on talent development and continuous learning – illustrated through numerous postgraduate sponsorships and knowledge-sharing initiatives – establishes Maybank Islamic not only as a financial institution of choice but also as an empowering hub fostering leaders and innovation in Islamic finance.
