Maybank Islamic rolls out Custody Services

Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, has introduced its latest offering – Maybank Islamic Custody Services, both domestic and abroad. Maybank Islamic will be targeting prospective clients such as the Government-linked Companies (GLCs) in Malaysia, fund management companies, institutional investors and sovereign wealth funds, which in total would have an estimated asset under management of about RM1.4 trillion. Maybank Islamic Custody Services also has the capability of monitoring non-syariah compliant securities should clients accidentally purchase them or should the syariah compliant securities subsequently deemed non-syariah compliant.