Etiqa Insurance Singapore, the insurance arm of Maybank, has unveiled Invest Future, marking the launch of Singapore’s first Takaful investment-linked product (ILP) in more than ten years.
In partnership with Maybank Singapore, which serves as the exclusive distributor, the new Shariah-compliant offering aims to meet the increasing demand for ethical, values-based insurance solutions. The product strengthens Maybank Group’s Islamic Wealth Management (IWM) capabilities in Singapore, according to a press release issued on Monday.
“Values-based financial solutions, like Etiqa’s Takaful ILP, are an essential part of Islamic Wealth Management. As the regional offshore IWM hub for Maybank Group, we are proud to be the first bank in Singapore to offer a complete suite of values-driven financial solutions,” said Alvin Lee, Country CEO of Maybank Singapore.
A Milestone in Islamic Financial Solutions
As the exclusive distributor of Invest Future, Maybank has reached a significant milestone in expanding its Islamic Wealth Management offerings. The Takaful plan reflects the core principle of mutual assistance under Shariah law, providing protection through community-based support.
Lee emphasized the importance of this development: “We are pleased to offer another key solution in our suite of IWM services, addressing the diverse needs of customers at different stages of their lives.”
Meeting the Growing Demand for Ethical Investments
The Invest Future product is tailored to cater to the increasing interest in Shariah-compliant financial products in Singapore. Designed to promote sustainable wealth accumulation, it offers both investment flexibility and protection, appealing to customers who seek ethical investment options grounded in Islamic principles.
As the demand for Islamic finance grows, Invest Future positions Maybank at the forefront of providing comprehensive, ethical financial solutions in Singapore.
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