Islamic Banking received greater attention as a banking option in the international financial scene in the 1970s. However, its introduction is not new as its philosophies and principles were outlined in the Holy Quran and the Sunnah of Prophet Muhammad more than 1,400 years ago.

In Malaysia, the enactment of the Islamic Banking Act that came into effect on 7 April 1983 marked its official introduction into the banking arena. On 1 July 2002, Takaful business was launched by Etiqa Takaful Berhad (formerly known as Mayban Takaful Berhad), which is licensed under the Takaful Act 1984.

Maybank Group is proud to play an important role in the development and promotion of Islamic Banking & Takaful in Malaysia and beyond.

Note:
With effect from 8 January 2003, the generic names of all Islamic Banking (IB) Products have been standardised industry-wide in line with Bank Negara Malaysia's requirement. The new generic names include a hyphenated "i" to distinguish them from similar conventional products.