Kuala Lumpur, 15 October 2020 – Maybank Group, through Maybank Islamic Bhd, has introduced a Social Impact Deposit, a campaign under its Islamic Fixed Deposit account (IFD-i).
The initiative allows customers to place a fixed deposit and simultaneously help to extend financial relief to those whose incomes are affected by the COVID-19 pandemic.
In a statement today, Maybank said the public can participate in this social cause by making a minimum placement of RM1,000 into an IFD-i account for six months.
“While customers will receive the prevailing board rate for their deposits, Maybank Islamic will separately contribute 0.3 per cent per annum to a special account – Social Impact Assistance Account for every deposit made during the offer period.
“This special account is designated to provide support to beneficiaries comprising Maybank Islamic customers identified and assessed by the bank to be in dire need of financial assistance due to a loss of income or employment due to the pandemic,” it said.
Chief executive officer Datuk Mohamed Rafique Merican said that the initiative is in line with Maybank’s ongoing efforts to provide assistance to its customers who are impacted by the COVID-19 pandemic.
“The impact of the virus has been devastating for so many, and we believe that we are in a unique position to assist those who are still rebuilding their lives at this time.
“The Social Impact Deposit is very much aligned with the Maybank Group’s sustainability agenda and commitment to embedding good environmental, social and governance practices within its operations and deliver meaningful solutions to the community,” he said.
The Social Impact Deposit campaign starts today, and ends on Dec 31, 2020.
Customers can make their placements via Maybank2u or at any Maybank / Maybank Islamic branches in Malaysia.