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Maybank cited Islamic banking a milestone

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Maybank Philippines, a unit of Malaysia’s Maybank Group, opened its first Islamic Banking Unit, housed in its Maybank Zamboanga branch that marks a significant step in expanding the bank’s portfolio of inclusive financial solutions that are aligned with its customers’ life priorities, values and aspirations.

This new Islamic Banking Unit is dedicated to offering Shariah-compliant products that align with Islamic principles, as an alternative banking opportunity particularly in areas where such services are not yet available.

The inauguration ceremony was held at the Maybank branch attended by key dignitaries including Ambassador of Malaysia Dato Abdul Malik Melvin Castelino; Nor Shahrizan Sulaiman, Deputy CEO, Maybank Islamic Berhad; Sitti Djalia Turabin-Hataman, Mayor of Isabela, Basilan; Abigail Tina M. Del Rosario, country director and President and CEO, Maybank Philippines; Judith E. Sungsai, managing director, Financial Supervision Sub-Sector 1, Bangko Sentral ng Pilipinas (BSP); Al-Zamir Lipae, Regional Director for Region 9, Department of Trade and Industry; and Simoun Ung, director, Maybank Philippines Board.—Daily Tribune

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