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Chief executive officer Datuk Mohamed Rafique Merican said MAIA will be able to meet the needs of investors who are seeking syariah investment options which aim to preserve capital while generating stable and relatively higher returnsMericanMaybank Mohamed Rafique
PETALING JAYA: Maybank Islamic Bhd has launched a new closed-ended investment account, Multi-Asset Investment Account-i (MAIA), which seeks to offer higher and stable returns of 4.25% per annum for a three-year placement.
In a statement, the bank said MAIA aimed to maximise investment returns by investing equally in its diversified portfolio of stable financing assets and Islamic marketable securities.
Maybank Islamic said the investment account was the first-of-its-kind to be offered by a bank in Malaysia and is targeted to reach RM250mil in investments.