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Maybank Islamic targets to grow 100,000 customers from its enhanced Mudarabah Investment Account Zest-i

KUALA LUMPUR, 25 November 2019: Maybank Islamic Berhad aims to grow its customer base by 100,000 new customers in the next 12 months from the recent launch of its Mudarabah Investment Account Zest-i. Zest-i was formerly known as net Account-i where the Bank has enhanced the product with new features to provide better value and unique proposition to its customers.

With Zest-i, customers can invest their money, get personal takaful protection, and stand to win a range of attractive prizes - the highlight of which will be a house valued at RM1 million.

“We at Maybank Islamic are always guided by our mission in Humanising Financial Services in both our thoughts and actions. This is also reflected in our product suite that we offer to our customers,” said Maybank Islamic CEO Dato’ Mohamed Rafique Merican in his speech.

The prize giving ceremony for the winners of September and October took place today where 2 winners went home with a Honda HRV each.

The prize draw are divided into two categories, namely yearly and monthly draws.

During the 5-month period (from September 1 2019 to January 31 2020), a total of 1,566 prizes will be given away comprising of 113 monthly prizes, and 1,001 grand prize and its consolation prizes.

Apart from the Grand Prize of a house worth RM 1million, other prizes include Honda HRV hybrid, holiday or Umrah packages , Samsung Galaxy S10 and Galaxy watch, Macbook Pro and RM1,000 worth of General Investment Account-i certificate.

Zest-i is an innovative low risk investment account product based on the Shariah contract of Mudarabah, where the funds are invested in a blended portfolio of Bank’s Retail and non-Retail assets to give stable returns payable on a monthly basis.

With this account, customers are provided a complimentary personal accident takaful coverage of up to RM50,000 when maintaining at least RM1,000 in the account.

With only an initial placement of RM50, Zest-i is currently eligible to all individuals above the age of 18 but effective January 2020, those below 18 years old will also be eligible.