Etiqa Insurance Singapore, the insurance arm of Maybank, has launched Invest future, Singapore’s first Takaful offering in more than ten years. This new Shariah-compliant investment-linked plan (ILP) is designed to meet the growing demand for ethical financial solutions in the region. Maybank Singapore will serve as the exclusive distributor of this product, which aims to support sustainable wealth accumulation through Shariah-compliant investing.
The introduction of Invest future is a significant step in Maybank’s Islamic Wealth Management (IWM) strategy, which focuses on providing values-based financial solutions. Alvin Lee, Maybank Singapore’s Country CEO, highlighted the importance of such offerings, stating, “Values-based financial solutions such as Etiqa’s Takaful ILP are integral to our IWM offerings, aligning with Shariah principles.”
Raymond Ong, CEO of Etiqa Insurance Singapore, expressed enthusiasm for the launch, noting the increasing interest in ethical investing among Singaporeans. “Our Takaful ILP promotes Shariah values of mutual cooperation and purposeful investing,” Ong said. “We aim to provide ethically crafted solutions that all customers can trust.”
Invest future offers several benefits, including investment bonuses, access to Shariah-compliant funds, and comprehensive coverage options. It also allows policyholders to make legacy gifts or charitable endowments, known as wakaf, to loved ones or organisations.
This launch underscores Etiqa’s commitment to providing insurance solutions that align with customers’ ethical and social values, offering a transparent and community-focused approach to financial protection.
