Etiqa, Maybank launch Singapore's first Takaful in 10 years

The plan combines ethical investment options with flexible wealth accumulation.

Maybank’s insurance subsidiary, Etiqa Insurance Singapore, has partnered with Maybank Singapore to introduce Invest Future.

The press release said this is Singapore’s first Takaful insurance offering in over a decade. 

This investment-linked plan (ILP) is exclusively distributed by Maybank Singapore and aims to address the rising demand for Shariah-compliant financial solutions. 

The plan combines ethical investment options with flexible wealth accumulation and protection features, targeting customers seeking values-based financial products.

Alvin Lee, Maybank Singapore Country CEO, highlighted the initiative as part of the bank’s broader Islamic Wealth Management (IWM) offerings. 

Raymond Ong, CEO of Etiqa Insurance Singapore, described Invest Future as a milestone for the company.