CJMY
Maybank Islamic Berhad has unveiled EzyWasiat, an innovative and efficient Wasiat writing service aimed at the Muslim community in Malaysia.
This new digital platform, in compliance with Shariah and Faraid (Islamic inheritance) principles, simplifies the process of estate planning and offers customers peace of mind.
Maybank Islamic’s wealth management advisors utilize a unique assisted model and a built-in Faraid algorithm to assist customers in planning and preparing their Wasiat quickly and effectively.
EzyWasiat: A revolutionary digital service
Maybank Islamic’s EzyWasiat revolutionizes the traditional approach to estate planning by providing an easy-to-use digital platform.
By collaborating with fintech platform provider CreateWills Sdn Bhd, along with the advisory support of Maybank Islamic’s dedicated customer relationship personnel, the bank ensures a seamless and accessible experience for its customers.
EzyWasiat addresses the long-standing barriers of complexity, cost, and convenience that have hindered many Muslims from preparing their Wasiat.
The platform’s assisted model allows customers to receive direct assistance from Maybank Islamic’s wealth management advisors or relationship managers. These professionals utilize the Faraid algorithm integrated into the platform, simplifying the entire wasiat writing process.
Customers need to have their necessary documents ready, and with fees starting from as low as RM600, they can complete their wasiat writing within just 30 minutes. This user-friendly and efficient approach aims to encourage more individuals to engage in proper estate planning.
Promoting awareness and importance of estate planning
EzyWasiat plays a vital role in creating awareness about the significance of estate planning and ensuring the proper distribution of assets after an individual’s demise.
Reports indicate that Muslim properties and assets worth over RM70 billion are pending distribution due to a lack of awareness regarding the importance of asset distribution planning before one’s passing.
Maybank Islamic CEO, Dato’ Mohamed Rafique Merican, emphasized the bank’s commitment to developing innovative solutions that cater to the needs of the wider community.
The partnership with CreateWills enables Maybank Islamic to deliver on its promise of sustainability through Islamic finance while also digitizing product offerings. EzyWasiat is a testament to Maybank Islamic’s dedication to making its services accessible to all members of the Muslim community.
EzyWasiat represents Maybank Islamic’s latest addition to its Islamic Wealth Management Shariah-backed holistic solutions. By covering all five pillars of wealth management – wealth creation, accumulation, protection, purification, and distribution – Maybank Islamic empowers customers to plan for the future efficiently.
EzyWasiat not only simplifies the process of Wasiat writing but also ensures that the intentions of individuals to abide by Islamic beliefs are easily fulfilled. EzyWasiat is poised to provide high-quality legal assistance in estate planning to all, further strengthening the Islamic Estate Planning space in Malaysia.
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