Game changer for Maybank Islamic

Muzaffar: ‘We have a customer base of about 4.5 million, of which 50 comprises non-Muslims’.

KUALA LUMPUR: Malaysia’s biggest Islamic lender, Maybank Islamic Bhd, says the investment account (IA) business is set to be a game changer for the group in its effort to boost earnings growth amid the subdued banking landscape.

The Islamic lender, which has total assets worth close to RM147bil, will focus on its new mudarabah (profit-sharing) investment fund launched in July last year in view of the Islamic Financial Services Act (IFSA) 2013.