Maybank Islamic Berhad today launched EzyWasiat — an innovative and efficient will writing service for Muslims in Malaysia.
This new digital service allows customers to plan and prepare their will more efficiently and orderly, in line with Shariah and Faraid law.
The EzyWasiat platform is developed according to a unique assistance model where clients will be assisted directly by a Shariah-compliant wealth management advisor or relationship manager who will incorporate Faraid algorithms to facilitate the process of writing a will.
Customers only need to provide the correct documents and with a fee as low as RM600 and the writing of their will can be completed in just 30 minutes.
The main purpose of EzyWasiat is to provide peace of mind in property management and ensure that the property is properly managed after the individual’s departure.
It aims to provide peace of mind when it comes to estate planning and ensure the estate is administered accordingly upon one’s demise.
It is targeted but not limited to Muslims who have long harboured intentions to prepare a will but have been held back due to the perceived complexities, the cost involved, and the lack of convenience.
Undistributed Assets Problem
Estate and inheritance planning is a matter that should be given priority. There are many media reports that mention property or assets worth more than RM70 billion that have not yet been distributed. This is due to the lack of awareness about the importance of planning property distribution before death.
To create this convenience for customers, Maybank Islamic collaborated with fintech platform provider, CreateWills Sdn Bhd, combined with the advisory support of Maybank Islamic’s dedicated customer relationship personnel.
Chief Executive Officer of Maybank Islamic, Datuk Mohamed Rafique Merican said the launch of EzyWasiat is in line with Maybank’s aspiration to develop new and innovative solutions that can have a positive impact on the community at large.
We remain committed to leading Shariah-compliant banking not only in this region but worldwide. Armed with a network of smart partnerships, we are strategically positioned to pave the way for the next phase of Islamic finance growth. In addition to fulfilling our promise to the sustainability of Islamic finance, we also strive to digitize our products in offering solutions to customers, hence the collaboration with CreateWills.
Chief Executive Officer of Maybank Islamic, Datuk Mohamed Rafique Merican
He added that the collaboration between Maybank Islamic and CreateWills marks an important achievement in the field of will writing services for Muslims, especially in terms of Shariah-compliant estate planning.
It also reinforces Maybank Islamic’s commitment to make this service easily accessible to all Muslims in Malaysia.
From Intention to Will
Maybank Islamic’s Head of Wealth Management and Shariah Compliant Business Development, Ahmad Shareza Abdul Rahman at the same time also said, “With EzyWasiat, Muslims can benefit from a will writing service specifically for those who emphasize the requirements of Shariah and future planning for the sake of their loved ones. In other words, we help you to realize estate planning from Intention to Will.”
Maybank Islamic’s Head of Wealth Management and Shariah Compliant Business Development, Ahmad Shareza Abdul Rahman
He added that Maybank’s mission is to empower customers to plan their future efficiently, while also ensuring that their intention to comply with Islamic requirements can be fulfilled easily.
With a will-writing process that can be completed within 30 minutes and an affordable pricing structure, we want to ensure that no one is left out of high-quality estate planning legal assistance. In fact, EzyWasiat which is based on digital technology is easy to modify over time if the reality of life changes and the dynamic passage of time is taken into account.
Maybank Islamic’s Head of Wealth Management and Shariah Compliant Business Development, Ahmad Shareza Abdul Rahman
EzyWill By Maybank Islamic
EzyWasiat is one of the new offerings under Maybank Islamic’s holistic Shariah-compliant wealth management solution and includes all 5 cores of wealth management – generation, accumulation, protection, purification and distribution.
Recently, under the core of wealth purification, Maybank Islamic has launched an online service called EzQurban to facilitate the practice of Qurban in conjunction with the celebration of Aidiladha among its customers. This also allows customers to plan financially to fulfill their Qurban obligations in the future.
To learn more about EzyWasiat, including the integration of Faraid into the planning, visit Maybank.my/EzyWasiat or contact Maybank Islamic at wealthdistribution@maybank.com.
