Maybank introduces social impact deposit under Islamic fixed deposit

Chief executive officer Datuk Mohamed Rafique Merican said the initiative is in line with Maybank’s ongoing efforts to provide assistance to its customers who are impacted by the Covid-19 pandemic.

KUALA LUMPUR: Maybank Group, through Maybank Islamic Bhd, has introduced a Social Impact Deposit, a campaign under its Islamic Fixed Deposit account (IFD-i).

The initiative allows customers to place a fixed deposit and simultaneously help to extend financial relief to those whose incomes are affected by the COVID-19 pandemic.