Maybank Al-Idrus branch, Kuching is also Maybank’s 10th Islamic branch

Maybank today opened its first full-fledged Islamic banking branch in Sarawak that offers a full range of Maybank Group’s Islamic banking products and services. The Al-Idrus Islamic branch in Kuching is also Maybank’s 10th Islamic branch nationwide.

Encik Agil Natt, Deputy President in a statement said that the Al-Idrus branch will focus on offering exclusively the Group’s Islamic products and services. These include Islamic savings and current account, the 3-in-1 Premier Account, Syariah-compliant investment funds namely general investment account, unit trusts, takaful protection plans, mortgage and financing facilities.

Maybank has 17 branches in Sarawak that offer both conventional as well as Islamic banking products. Maybank also provides Islamic financial services for business customers which include working capital financing, purchase of fixed assets and trade facilities. These Islamic financial services are available through a network of Business Centres nationwide while in Sarawak, the centres are located in Kuching, Miri and Sibu.

"The opening of the Islamic branch will meet the growing needs for Islamic banking products and services among the customers in Sarawak in general and Kuching in particular. It will act to supplement our other branches as well as enhance our commitment to serve our customers better by providing them with products and services that meet their requirements. Our staff at Al-Idrus are specialists in Islamic banking products and services and customers will benefit from our expertise and experience in Islamic Banking based on our leadership in Islamic banking over the years," said Encik Agil.

Maybank is the biggest provider of Islamic banking with total financing exceeding RM17 billion or about one-third of the market. It is the leader in providing Islamic financing including trade financing, cash line facilities (Overdrafts) and financing for purchase of residential properties.

Encik Agil also said that Maybank will continue to be receptive to the needs of customers and the community where it has its presence with regard to Islamic banking products and services.

"Given the recent creation of new Islamic banks, there are ample opportunities to grow Islamic banking in Malaysia. Maybank will continue to promote the growth of Islamic banking and expand it to more areas. We will open one more Islamic branch in Johor Bahru in the near future to meet this need," added Encik Agil.

Customers who wish to obtain more information of the Al-Idrus Islamic branch can visit the branch located at No. 194, Ground Floor, Al-Idrus Commercial Centre, Jalan Satok, Kuching or call telephone number 082-259 999.

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