A Trust is a legal arrangement in which an asset ownership is transferred from the person who sets up the Trust (Client, also known as Settlor) to another person/corporation (Trustee) for the benefit of one or more person/people (Beneficiaries).
Islamic Private Trust
From conception, implementation, management to distribution, Shariah principles are embedded in this trust solution specifically designed to meet your needs
How does an Islamic Private Trust work?
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| Step 1: Trust Creation with Maybank Trustees Berhad (MTB) | Step 2: Asset transfer from Settlor to MTB | Step 3: Asset preservation and distribution to Settlor’s beneficiaries |
Why is it important to have an Islamic Private Trust?
- Provide a legal structure to protect your assets from potential risks, creditors or other financial challenges.
- Offers a higher level of privacy with the details of the assets, beneficiaries, and instructions remain confidential.
- Establish a safety net for your family, protecting them from potential delays in the Probate process.
- Protect vulnerable beneficiaries, such as minors, individuals with disabilities, and those facing financial hardships, ensuring their interests are shielded from potential exploitation, unfair treatment, or mishandling of inheritance.
- Secure the continuous flow of charitable contributions even beyond your lifetime.
Have an inquiry?
📞 03-2177 5960
✉ mtb.bd@maybank.com
at the nearest branch