KUALA LUMPUR: Maybank Islamic Bhd expects the bulk of its Mudarabah deposit account holders to reclassify their accounts to Mudarabah Investment Account (IA), in compliance with Bank Negara Malaysia's requirement.
He anticipated some 70-80 per cent of customers to make the switch as the IA was a compliance requirement arising from the central bank's Islamic Financial Services Act 2013.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
