Maybank Islamic’s new Dubai branch sets out to attract Gulf investors to Southeast Asia
KUALA LUMPUR - Maybank Islamic’s move into branch banking in the Middle East aims to give investors there a first taste of investment in the ten member countries of the Association of Southeast Asian Nations (ASEAN).
The Malaysian bank opened its first overseas branch at Dubai International Financial Centre (DIFC) in February with a portfolio of services including wholesale banking, sukuk, syndicated financing and trade finance.
“In a normal market situation, not what we are seeing at the moment, some people in the Gulf are looking to diversify their investor base,” country manager Nik Joharris Nik Ahmad told Salaam Gateway.
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