Malayan Banking Berhad (Maybank) is principally engaged in all aspects of commercial banking and related financial services. The subsidiaries are principally engaged in the businesses of banking and finance, Islamic banking, investment banking including stock broking, underwriting of general and life insurance, general and family takaful, trustee and nominee services, asset management and venture capital. The Group's business segments comprise of Community Financial Services, Global Banking, International Banking, Insurance and Takaful, and Islamic Banking. Community Financial Services is the retail banking arm of the Bank, serving individual, Retail SME and Business Banking customers. The Global Banking segment includes Corporate Banking, Investment Banking, Transaction Banking (with four lines of business: Cash Management, Trade & Supply Chain Financing, Financial Institutions and Securities Services i.e. trustee and nominee services), Global Markets (providing treasury services including Foreign Exchange, Money Market, Fixed Income Markets, Derivatives and structured products) and Asset Management. International Banking includes commercial banking business operations in 19 countries including all 9 ASEAN countries outside Malaysia (Singapore and Indonesia being the largest markets) and the rest in strategic markets including Greater China, the Middle East, the United Kingdom and the United States. Insurance and Takaful segment provides all classes of general and life insurance, general takaful and family takaful, and offshore investment life insurance. Islamic Banking leverages on the Group’s infrastructure and network to offer end-to-end Shariah compliant financial solutions.
n00bPelabur LOL today even their new website hang and crash. How come their stock price increase maa?
KC Loh"Several important lessons have emerged from this recent global financial crisis. The first relates to the exponential expansion of the financial system which did not commensurate with the expansion in economic activities.
"This has resulted in a significant disconnect between the financial sector and its role in serving the economy. A number of factors contributed to the weakening of the link between financial intermediation and productive economic activities," she said.
n00bPelabur Maybank is non syariah stock. Only 2 counter in finance index are syariah : Bank Islam (BIMB) and Takaful.
KAHFIEHLAIBut majority of the customers base are syariah...so how???
n00bPelabur Majority of customers base are shariah are placed in Maybank Islamic Subsidiaries. The real issues are the type of loan maybank provide whether is Riba' based system or Ujrah based system. Large of income from loan such as Net Interest Income (NIM) which we can see on financial statement also consist of loan from Riba' based system which in syariah is prohibited. Then there are also Maybank Investment bank which provide trading securities and interest based income which did not comply with syariah. I did not remember the detail about screening methodology of securities but from what I remember only 2 stock in finance index are syariah compliant: BIMB and Takaful. Even CIMB not compliant. Why these are important? The big money/fund manager that handle Unit trust, Insurance or takaful that syariah compliant MUST invest in syariah compliance stock. No other choice. Even if SEC suddenly change the view of the stock about the syariah compliance, the fund manager have 6 month to clear the portfolio from the non syariah stock. All gain must be donated in charity.