CIMB to introduce Islamic private banking in Malaysia
The new private banking service targets high-net-worth individuals who have more than RM1 million (US$ 289,735) in investable assets and require wealth management services, advisory and investment products that conform to sharia principles.
“The time is right to introduce such a service as there is an increasing interest among investors, both local and abroad, for Islamic wealth management products including sukuk, equity-linked notes and structured products to name a few,” says Yeoh Keat Seng
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