16/06/2025

BANKING & INSURANCE 12 MONDAY | JUNE 16, 2025 PETALING JAYA: Allianz Life Insurance Malaysia Bhd and HSBC Bank Malaysia Bhd have streng thened their partnership to address legacy planning needs in Malaysia with the launch of HSBC’s EliteDiamond. HSBC’s EliteDiamond is an investment-linked plan which offers a balance of wealth growth, compre hensive life protection and legacy planning. The plan is tailored for indi viduals who are keen to secure their legacy for future generations. It offers a minimum sum assured of RM1 million and a limited premium payment term of either five, six or eight years. Allianz Life CEO Charles Ong said, “In today’s fast paced world, securing one’s legacy is more important than ever. With HSBC’s EliteDiamond, we empower indi viduals – from visionary business leaders to families shaping their future – to safeguard their hard earned wealth, and create a future where their values endure.” He added that their priority is to walk alongside their customers at every step of their journey, offering solutions that ensure their financial legacy grows over time, standing resilient through life’s uncertainties and protecting their families, so they can face the future with confidence. HSBC has been the exclusive

Allianz Life, HSBC offer wealth growth and life protection plan

o EliteDiamond tailored for individuals who are keen to secure their legacy for future generations

mier customers. “This bespoke offering empowers individuals to shape how their wealth is passed on to future genera tions, with the flexibility to customise plans that deliver en hanced value through higher sum assured options. It is a meaningful step in helping our clients secure their legacy, honour their aspirations and provide lasting support for their loved ones,” said Yip.

bancassurance for Allianz Life Insurance products in the areas of protection, education, retirement, wealth and legacy needs since 2012. HSBC Bank Malaysia international wealth and premier banking country head Linda Yip said, “As Malaysians grow increasingly focused on holistic financial well-being — from health care and wealth management to retirement planning – we are also seeing a rise in interest around legacy planning, particularly among our high net-worth clientele.” She added that in response to this growing demand, they are proud to introduce HSBC’s Elite Diamond, their latest legacy planning solution designed specifically for their pre distributor

The plan is built around five pillars – coverage, complementary investment, customisation capital growth, and continuity – ensuring that the customer’s wealth and legacy are well planned, preserved, protected and seamlessly passed down to future generations. Bank Muamalat rolls out Malaysia’s first Islamic digital-only bank

Yip (left) and Ong at the launch of HSBC’s EliteDiamond.

Affin taps US dollar bond market with US$300m issuance PETALING JAYA: Affin Group recently issued senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion Euro Medium Term Note (EMTN) programme, marking Affin’s debut in the US dollar bond market. This issuance follows the establishment of the EMTN programme and Affin’s recent inaugural international credit rating of A3 (Stable) from Moody’s Investor Services Inc. The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112% per annum. They are rated A3 (Stable) by Moody’s, affirming Affin’s robust credit profile and stable outlook. The issuance attracted strong global demand, with the final order book exceeding US$1 billion across 67 investor accounts, representing a 3.5 times oversubscription. Geographically, distributions comprised 87% to Asia, 11% to Europe, Middle East and Africa, and 2% to offshore US investors. The EMTN programme offers Affin a flexible and efficient platform to raise foreign currency funding, supporting the needs of its diversified client base. Affin Group president and CEO Datuk Wan Razly Abdullah said, “Affin’s debut in the USD bond market marks a significant progression in our capital markets strategy, drawing strong global investor demand. The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established. Guided by the Affin Axelerate 2028 Plan, the group remains committed to unlocking long-term value through ‘Unrivalled Customer Service, Digital Leadership’ and ‘Responsible Banking With Impact’.” The notes will be listed on Singapore Exchange. Affin Hwang Investment Bank Bhd, a wholly owned subsidiary of Affin Group, Hongkong and Shanghai Banking Corporation Ltd, MUFG Securities Asia Ltd Singapore branch and Standard Chartered Bank are the joint lead managers and joint bookrunners for the notes, while DBS Bank Ltd is the co-manager.

PETALING JAYA: Bank Muamalat Malaysia Bhd recently launched Atlas by Bank Muamalat, Malaysia’s first Islamic digital-only bank designed around faith and lifestyle alignment. Purpose-built to offer a seamless, syariah compliant banking experience, Atlas combines financial innovation with lifestyle features tailored for the faith-conscious and tech-savvy generation. The launch represents a transformative leap in Bank Muamalat’s journey to redefine Islamic banking, positioning it as a pioneer in Malaysia’s rapidly expanding digital banking landscape. It also serves as a strategic milestone under the bank’s five-year RISE26+ Strategy, which aims to transform the financial landscape through innovation, operational resilience and syariah leadership. Bank Muamalat president and CEO Khairul Kamarudin, said: “Atlas was built for people – to deliver not just financial solutions, but meaningful digital experiences that align with our customers’ values and daily needs. It represents the next evolution of Islamic banking: intuitive, inclusive and deeply personal.” He added that the platform plays a crucial role in expanding access to underserved and unbanked segments, especially among younger demographics, contributing to national financial inclusion and sustainable growth. Developed in collaboration with global technology leaders including Mambu, Google

Bank Muamalat’s Atlas is built to deliver a secure, scalable and user-centric digital banking experience. Cloud, Backbase, HyperQB and Kestrl, Bank Muamalat’s Atlas is built to deliver a secure, scalable and user-centric digital banking experience. These partnerships ensure the platform meets world-class standards in perfor mance, data privacy and user engagement. With a digital-first approach, Atlas enables users to activate their accounts and begin transacting within minutes through instant onboarding. The experience will soon be enhanced with the introduction of the virtual Atlas x Mastercard Debit Card-i, offering access to secure, syariah-compliant digital payments. As part of an upcoming launch campaign, Altas will introduce an exclusive 5% profit rate for early adopters, valid for the first three months, subject to terms and conditions. Atlas also features profit-generating savings solutions such as daily earnings accounts.

Boost Bank and TNB team up to reward customers PETALING JAYA: Boost Bank, Malaysia’s first home-grown digital lender, has partnered with Tenaga Nasional Bhd (TNB) to help customers save more and get rewarded when managing their electricity bills through daily high-interest savings and cashback. create a Boost Bank account and pay a minimum of RM50 on their TNB bill using the Boost Bank debit card or through the Boost Wallet app. To maintain the TNB Jar throughout the campaign, customers need to continue paying their TNB bill with a minimum of RM50 each month via the Boost Bank Debit Card or the Boost Wallet app.

July 31, customers need only pay a minimum of RM50 towards their TNB bill via the Boost Wallet app. The RM3 cashback will be credited into a dedicated Partner Wallet within the app and can be used to offset their next TNB bill (higher than RM50). Each customer is only entitled to two rewards throughout the campaign, and is limited to the first 5,000 customers on a first come, first-served basis.

From June 4 until Aug 31, new Boost Bank customers can unlock the exclusive TNB Jar, which offers 3.5% per annum daily interest on savings. To unlock the TNB Jar, customers simply need to

All Boost customers can also receive RM3 cashback with their TNB bill payments. Until

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