AmBank Islamic, AmanahRaya offer legacy planning solutions

By TMR

AMBANK Islamic Bhd, a subsidiary of AMMB Holdings Bhd and AmanahRaya Bhd signed an agreement to collaborate in offering legacy planning solutions.

The collaboration will enable AmBank Group customers to conduct their legacy planning at AmBank Group branches, including AmBank Signature Priority Banking centres nationwide. This is in line with AmBank Islamic’s strategy to offer a complete suite of wealth management products and services, including wealth distribution and legacy preservation.

“We are pleased to collaborate with AmanahRaya, an organisation with over 90 years of experience in the legacy planning industry via its range of will, trust and estate management services. We are indeed honoured to partner AmanahRaya in order to offer legacy planning solutions to our customers,” said AmBank Group CEO Datuk Sulaiman Mohd Tahir (picture) in a statement yesterday.

Meanwhile, AmanahRaya chairman Datuk Mohd Nasir Ali said this collaboration will provide leverage for both parties to combine their expertise and networking infrastructure to promote legacy planning services.

As of Oct 31, 2019, Amanah- Raya has registered over one million wills and with this collaboration, it is anticipated to increase significantly further. As a one-stop centre for legacy planning, AmanahRaya will certainly complement AmBank Islamic in ensuring individuals wealth and liabilities are properly managed,” Mohd Nasir said.

According to both parties, it is expected that customers will benefit through this partnership while opening up more opportunities for both agencies to further diversify its customers’ reach and provide value-added services.