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Maybank opens Islamic banking unit in Zamboanga
The Philippine Star
|August 25, 2024
Maybank Philippines Inc., a member of the Maybank Group, has inaugurated its first Islamic banking unit in Zamboanga, marking a significant step in expanding the bank’s portfolio of inclusive financial solutions.
The new Islamic banking unit is dedicated in offering Shariah-compliant products that align with Islamic principles, as an alternative banking opportunity particularly in areas where such services are not yet available.
Maybank Philippines is the first private commercial bank to foray into this growth area.
According to Maybank Islamic Berhad deputy CEO Nor Shahrizan Sulaiman, the Maybank Group had set a goal to become a global leader in Islamic finance.
“The expansion of the offering of Islamic banking products here, in a country (that is) not Muslim dominated is another progress for us to mark our presence regionally,” he said in his opening remarks last Aug. 14.
This story is from the August 25, 2024 edition of The Philippine Star.
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