Latest news with #SyedAhmadTaufikAlbar
The Star
3 days ago
- Automotive
- The Star
Perodua, Maybank Islamic unveil agility financing
Perodua president and chief executive officer Datuk Seri Zainal Abidin Ahmad. — Bernama KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and Maybank Islamic Bhd have partnered to provide the country's first syariah-compliant agility financing plan, the Perodua flexiplan, powered by Maybank Islamic myimpact drive financing-i. The plan allows customers to enjoy a highly competitive murabahah vehicle term financing deal which leads to a more affordable monthly payment over an initial five-year term. 'Perodua will buy back the customer's vehicle at a competitive price compared with market value for the purchase of a new Perodua model, subject to terms and conditions,' it said in a joint statement yesterday. Additionally, there is flexibility in ownership where customers may trade-in freely for a new model or keep the current vehicle with a revised payment plan. Customers may choose between four models under the Perodua flexiplan, namely the Myvi, Axia (excluding Axia E), Ativa, and Aruz. 'In the fifth year of the plan, customers have the option to trade-in their current Perodua vehicle for a new one. The secured residual value can be used to offset the down payment, effectively renewing the five-year term,' it said. Alternatively, customers may choose to keep their current vehicle by settling the outstanding balance or extending the financing for up to four additional years under a revised payment plan. 'Perodua and Maybank Islamic are breaking new ground as we join forces to offer the best possible financing package – one that ensures a win for everyone,' said Perodua president and chief executive officer (CEO) Datuk Seri Zainal Abidin Ahmad. According to Maybank community and financial services group CEO Syed Ahmad Taufik Albar, the group is committed to empowering its customers with flexible, transparent, inclusive, and sustainable financial solutions, and the Maybank Islamic myimpact drive financing-i reflects its values-based approach to banking. —Bernama
The Star
05-05-2025
- Business
- The Star
Maybank pioneers first pilot single family office in Forest City
Maybank group chief executive officer of community financial services Syed Ahmad Taufik Albar KUALA LUMPUR: Malayan Banking Bhd (Maybank), together with its client ONE KL Management Sdn Bhd (ONE KL), has secured the first pilot single family office establishment under the Malaysian Single Family Office scheme in the Forest City Special Financial Zone (FCSFZ). ONE KL is the family office of Tan Sri Chua Ma Yu's CMY Capital. Maybank said the collaboration signals the group's commitment to support the development of the Johor-Singapore Special Economic Zone (JS-SEZ), of which the FCSFZ is a key pillar. Maybank group chief executive officer for community financial services, Syed Ahmad Taufik Albar, said the JS-SEZ and the FCSFZ are emerging as a compelling destination for regional wealth solutions, and it is cost-effective, well-regulated and strategically located. "As the JS-SEZ develops, we anticipate a rise in cross-border flows, and Maybank is committed to being the strategic banking partner of clients operating in the JS-SEZ. To support this, Maybank has established a dedicated JS-SEZ Desk offering end-to-end banking and value-added services as well as connecting clients with the relevant authorities,' he said in a statement. The banking group said family offices have gained significant traction in Malaysia and Singapore, fuelled by the rapid growth of the region's ultra-high-net-worth population. Meanwhile, CMY Capital's Chua said the bank's deep expertise, regional network, and understanding of their unique needs gave them the confidence to be part of this pioneering initiative. "Their commitment to supporting long-term growth of the zone also makes them a strong partner,' he added. - Bernama
