RHB Islamic Bank Berhad stated today that it expects to attain RM6 billion in Islamic Wealth Management by the end of 2026, led by its RHB Multi Currency Visa Debit Card/i, Islamic unit trust products, estate planning and trustee propositions.
“Islamic Wealth Management is about investing with integrity – through transactions that avoid riba or interest, in businesses that do not harm individuals, communities or the environment, and by giving back to society to empower and advance the less fortunate. Essentially, Islamic Wealth Management is a gateway to a sustainable financial future rooted in integrity, ethics and the betterment of our society. This is why RHB Islamic truly believe in the value of Islamic Wealth Management – managing and growing wealth in a structured and ethical manner. Hence, our wealth management proposition comprising products and services covered under the Islamic concept as a whole is suitable for everyone regardless of religious background or where they are in their financial journey.”
Dato’ Adissadikin Ali, Managing Director and Chief Executive Officer of RHB Islamic
The Bank also unveiled its brand-new Islamic Wealth Management portal, a one-stop digital platform that gives customers easy access to one of the broadest selections of Islamic Wealth Management products and advisory services available in Malaysia. The Bank can now effectively serve new and existing customers who are more technologically adept or want to manage their banking remotely thanks to the new site, which complements the Bank’s conventional in-person wealth management model.
The portal is created to improve the user experience and customer journey as it is a comprehensive platform that includes the entire Bank’s Islamic Wealth Management approach to wealth generation and accumulation, wealth protection, wealth purification, and wealth distribution. Customers may connect with the Bank’s financially qualified Islamic Wealth Advisors through this extensive platform, and no matter where they are in their financial path, these professionals can provide tailored solutions to meet their needs. An interactive filter that assists new customers in building their investment portfolio based on specific criteria and needs is especially useful. Additionally, the portal has all the information that clients require to comprehend Islamic wealth management.
“To make it easier and more convenient for our customers to manage their wealth on the go, our new Digital Islamic Wealth Management Portal offers the full array of our products and solutions to suit all life stages and empowers our customers to manage their financials on the go. With the launch of our Islamic Wealth Management portal, we plan to bring to market more Shariah-compliant products in the next three years and we are confident that RHB Islamic will be able to achieve an additional RM3 billion in Islamic Wealth Management by 2026.”
Dato’ Adissadikin
At the MATTA Fair 2023, RHB Bank and RHB Islamic Bank unveiled their upgraded RHB Multi Currency Visa Debit Card/i, which supports 32 different currencies and offers a 0% conversion currency fee, including the US Dollar, Euro, Japanese Yen, Pound Sterling, and Singapore Dollar. During the three-day travel expo, it received close to 130 RHB Multi Currency Visa Debit Card-i applications.
RHB Islamic provides a variety of specialised Islamic wealth management options that are tailored to match clients’ changing demands when their circumstances change or they reach new financial milestones.
For more information on RHB Islamic Wealth Management proposition, head over to https://www.rhbgroup.com/overview/islamic/islamic-wealth-management/index.html
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Photos courtesy of RHB Islamic Bank