Malayan Banking Berhad (Maybank) has launched a new Islamic asset management unit to provide Sharia-compliant investment products for investors.
According to Reuters, the new unit will leverage Maybank’s network of business lines which range from consumer banking to Islamic insurance, as well as its geographical presence across Asia.
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The publication quoted Nor Azamin Salleh, CEO of Maybank asset management, saying that the unit aims to launch Asian-themed investment funds using a bottom-up investment strategy, with products to be marketed primarily in Malaysia and Indonesia.
"We are looking at trying to bring an ASEAN plus North Asia product. Our approach is more on the ground, a bottom-up approach," Salleh added.
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