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Maybank Islamic Looks To Expand Shariah Banking To ASEAN
Last update: 05/09/2017

KUALA LUMPUR, Sept 5 (Bernama) -- Maybank Islamic Bhd is looking†to expand†the Islamic banking system to ASEAN countries, said Chief Executive Officer Datuk Mohamed Rafique Merican.

"Our focus is within†ASEAN†as†we also eye opportunities†to collaborate with other countries. We see†growth prospects for Islamic banking within the region and we†want to share our experience and journey," he said.

Mohamed Rafique†was speaking to reporters on the sidelines of the Islamic Banking and Finance Media Workshop 2.0†jointly-organised by the National Press Club and Maybank Islamic†here today.

He said Malaysia, Singapore and Indonesia were main contributors to†Islamic banking in the region.

Mohamed Rafique added that the bank, as for now, had†developed similar strategies for†Islamic finance to tackle other†South East Asian countries.



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US 4.1910/1940
S'pore 3.1095/1127
100 Yen 3.7564/7601
Sterling 5.6625/6669
Euro 5.0254/0303
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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