Analyze The Performance Of Maybank Group Finance Essay

3.1 INTRODUCTION

In this stipulation, the inquiryer earn face at the narrative of Maybank cluster as a undiminished as-well-behaved that, the inquiryer earn as-well-behaved retrospect and excite the act of Maybank cluster and as-well-behaved Islamic emanation that been offered by Maybank Islamic Berhad.

COMPANY HISTORY

3.2.1 Maybank

Maybank was incorporated on 31 May 1960 and began operations on 12 September in the identical year, mound from the distillation of Independence to dispose the way for dynamic alter in the province’s banking and financial anticipation. Our founders were fabulous in their covet to see Maybank develop to excel twain in the domiciliary traffic and in the province.

Over the years, Maybank has led an aggressive expedite to swell-behaved network and maximize gain. The Cluster has obeyably set new benchmarks in emanation and advantage donation by achieving multifarious primitives in the diligence such as rustic confidence contrivance, cards advantages, oppidan and bombardment banking, ductile banking advantages, internet banking and Islamic banking.

Maybank operates thbristly an extensive network of redress 1,700 employments in 14 countries including 7 in South East Asia. The Cluster is represented in the superior financial centres of London, New York, Hong Kong and Singapore.

3.2.2 Maybank Islamic

Maybank Islamic Berhad, a wholly-owned adjuvant and the Islamic banking arm of the Maybank Group, is the largest Islamic bank in Malaysia. It launched its moderebuke operations subscription Islamic financial advantages thbristly a window concept in 1993 and forthcoming converged to generous-fledged Islamic banking operations on 1 January 2008. Forthcoming a conjuncture a fluctuation of advance than 17 years proof in the Islamic banking and finance, Maybank Islamic has been guarded as the innate Islamic bank in the Asia Pacific province and ranks shapeless the world’s top 15 Islamic financial establishments.

Today, Maybank Islamic proudly stands redresshead its peers in the residence traffic forthcoming a conjuncture Shariah-apt possessions of advance than USD12 billion powerful forcible traffic divide in financing and safetys of redress 24% and 21% respectively. Maybank Islamic believes that serving the deficiencys of customers is a control and as such it is committed to yield a broad deck of Shariah-apt financial emanations and advantages to subserve its customers’ chooseence and choices.

Amultiply from retail banking offered by Maybank Islamic, Maybank Group’s Islamic bombardment banking and consummate traffic vocation are offered thbristly Maybank Bombardment Bank and disconnected redressseas employments in superior financial centres of Bahrain, London, Singapore and the interpolitical offshore financial centre of Labuan. As an diligence icon, Maybank Islamic is committed to scaling new heights as reflected in the way the Bank operates its vocation, the way its liberebuke emanations and advantages to customers and in the way the Bank engages advance than 25,000 Maybankers redress its residence province as well-behaved-behaved-behaved as its vocation multiplyners and stakeholders globally

3.3 OBJECTIVE OF ESTABLISHMENT

The objectives of the organization of Maybank Islamic Berhad are as follows:

1. To continues as a ‘Market Leader’ in Islamic banking scene in the view of emanations and advantages.

2. Introduced the financial emanation that is domiciled on MM concept as a an resource to exoteric the BBA emanation

3. Introduced the financial emanation that is domiciled on Ijarah Mutahiah Bittamlek

4. Introduced the superintendence of bombardment in an Islamic way

5. Implicated in asset superintendence in an openly way

6. Introduced Islamic card confidence

7. Actively implicated in Murabahah stock emanation

BOARD OF DIRECTORS

Dato’ Seri Ismail Shahudin

Dato’ Seri Ismail Shahudin was appointed as a Guide and Chairman of Maybank Islamic on 23 January 2010. He was Chairman of Bank Muamalat Malaysia Berhad from 2004 until his privacy in July 2008. He has held superior compositions in Citibank, serving twain in Malaysia and New York, United Asian Bank and Maybank where he was appointed Executive Guide in 1997. He left Maybank in 2002 to affect the comcomcomsituation of Cluster Chief Executive Officer of MMC Corporation Berhad preceding to his assignment to the Board of Bank Muamalat Malaysia Berhad. His exoteric guideships in companies forthcoming a conjuncturein the Maybank Cluster conceive as Guide of Maybank Berhad. He serves as Chairman of the Nomination and Remuneration Committee and as a constituent of the Confidence Review, Risk Management, and Employee Divide Option Contrivance Committees of Maybank Berhad.

Tan Sri Datuk Dr Hadenan bin A. Jalil

Tan Sri Datuk Dr Hadenan bin A. Jalil was appointed as a Guide of Maybank Islamic on 23 January 2010. Tan Sri Datuk Dr Hadenan bin A. Jalil was Auditor Open from 2000 to 2006. He served forthcoming a conjuncture the Government for 36 years in multitudinous capacities in the Treasury, the Ministry of Interpolitical Trade and Diligence and the Ministry of Works preceding to his assignment as Auditor General. His exoteric guideships in companies forthcoming a conjuncturein the Maybank Cluster conceive as Guide of Maybank Berhad. He serves as Chairman of the Audit Committee and as a constituent of the Confidence Review, Nomination and Remuneration, and Employee Divide Option Contrivance Committees of Maybank Berhad.

Zainal Abidin Jamal

Zainal Abidin Jamal was appointed as a Guide of Maybank Islamic on 23 January 2010. He is a practicing oppidan and retail counsellor and systematic his immovable, Zainal Abidin & Co, in 1987, where he is a Superior Partner. He was enrolled as an Advocate & Solicitor of the Proud Court of Malaya in 1986. Betwixt 1983 and 1986, he served as the Congregation Secretary of Harrisons Malaysian Plantations Berhad. Preceding to that, he had skilled in Singapore where he was enrolled in 1980 as an Advocate and Solicitor of the Supreme Court of Singapore and had as-well-behaved served as a Primitive Class Magistrebuke in Brunei Darussalam. His exoteric guideships in companies forthcoming a conjuncturein the Maybank Cluster conceive as Chairman of Mayban Trustees Berhad and Guide of Maybank Berhad, a Guide of Etiqa Protection Berhad, Etiqa Takaful Berhad, Maybank Interpolitical (L) Limited, and Mayban Interpolitical Charge (L) Ltd.

Datuk Dr. Syed Othman bin Syed Hussin Alhabshi

Datuk Dr. Syed Othman bin Syed Hussin Alhabshi was appointed as a Guide of Maybank Islamic on 30 January 2008. Datuk Dr. Syed Othamn has colossal proof as an academician. He held multitudinous academic start and inquiry support at Interpolitical Islamic University of Malaysia, University Utara Malaysia, University Tun Abdul Razak and Institute of Islamic Understanding of Malaysia precedently he affectd obligation as the Professor of Islamic Economics, Chief Academic Officer and Head of Takaful at Interpolitical Centre for Education in Islamic Finance (“INCEIF”). Datuk Dr. Syed Othman is a guide of Etiqa Takaful Berhad. He is as-well-behaved a guide of Prima Prai Sdn Bhd, Epen Bina Sdn Bhd and Universiti Teknikal MARA Sdn Bhd.

PRODUCTS AND SERVICES IN MAYBANK ISLAMIC

Home Equity-i

HomeEquity-i is a shariah apt residence financing contemplation domiciled on the Musharakah Mutanaqisah or subordinate connection concept.

Maybank Islamic (“the bank”) and petitioner invade into a flexure ‘partnership’ forthcoming a conjuncture bank to discipline consummate for acquiring a peculiarity. Twain multiplyies grace flexure peculiarity owners forthcoming a conjuncture divides assignment domiciled on esort of consummate contributed. Maybank Islamic releases its divides to petitioner who ghostly acquires bank’s occupation of the peculiarity forthcoming a conjuncture monthly acquittals made redress an agreed promise date thereby subordinate the bank’s divide plow peculiarity is amply owned by petitioner.

Home Fianancing -i

BBA is defined as “protracted acquittal sale”. BBA involves the sale and alienation ariserences betwixt the bank and the customer. Inferior this concept, customers may retard entirety acquittal of asset which is the peculiarity in installments redress a local date of promise.

Fixed acquittal that shows precisely what customers deficiency to pay throughout the pursuit. advantageable for those instituted on a monthly budget.

MaxiHome-i

MaxiHome-i refers to Residence Financing inferior Variable Rebuke Financing (VRF). Maxiresidence Mortgage Packages contribute to the deficiencys of mass and little vocationes, including financing the alienation of new properties, sub-sales, refinancing, redraws and remortgages. This emanation is applied inferior the concepts of Bai Bithaman Ajil (BBA).

BBA is defined as “protracted acquittal sale”. BBA involves the sale & alienation ariserences betwixt the bank and the customer. Inferior this concept, customers may retard entirety acquittal of the peculiarity in installments redress a local date of promise.

ShophouseEquity-i

ShophouseEquity-i is a shariah apt residence financing contemplation domiciled on the Musharakah Mutanaqisah or subordinate connection concept.

Maybank Islamic and petitioner invade into a flexure ‘partnership’ forthcoming a conjuncture bank to discipline consummate for acquiring a peculiarity.Both multiplyies grace flexure peculiarity owners forthcoming a conjuncture divides assignment domiciled on esort of consummate contributed.

Maybank Islamic releases its divides to petitioner who ghostly acquires bank’s occupation of the peculiarity forthcoming a conjuncture monthly acquittals made redress an agreed promise date thereby subordinate the bank’s divide plow peculiarity is amply owned by petitioner.

Shop stock Financing-i

A agricultural rebuke financing for provision stocks exotericly being skilled inferior the concept of Bai Bithaman Ajil (BBA), Provision stock Financing-i is recommended in-particular for residencebuyers who choose a agricultural monthly budget where you apprehend precisely how ample to pay throughout the pursuit, whether by a indivisible multiply-liquidation sum or in-line forthcoming a conjuncture the multi-tiered rebukes.

MaxiShop-i

MaxiShop-i refers to Shopstock Financing-i inferior Variable Rebuke Financing (VRF). MaxiShop Mortgage Packages contributeing to the deficiencys of mass and little vocationes, including financing the alienation of new retail properties, sub-sales, refinancing, redraws and remortgages. The end of retail properties inferior MaxiShop conceives provision stocks, provision employments, retail lots in provisionping deep, employment lots, factories, industrial buildings. This emanation is applied inferior the concepts of Bai Bithaman Ajil (BBA).

BBA is defined as “protracted acquittal sale”. BBA involves the sale & alienation ariserences betwixt the bank and the customer. Inferior this concept, customers may retard entirety acquittal of the peculiarity in installments redress a local date of promise.

Variable Rebuke Financing (VRF) CASH LINE -i (OVERDRAFT)

Murabahah is another kind of sale and alienation abbreviate, forthcoming a conjuncture a retardred acquittal multiply. The abbreviate of sale may captivate fix when a buyer who wishes to alienation possessions, requests the Bank to alienation possessions at absorb (alienation value) and in restore the Bank earn impeach the buyer an agreed advantage latitude which is incorporated into the vending value. The vending value is atail payable on a retardred indivisible acquittal.

ExeCash-i Standard

ExeCash-i Standard lot is an Islamic Indivisible Promise Financing inferior the Shariah faculty of Bai’ ‘Inah (sale forthcoming a conjuncture next make-amends-for). Bai’ ‘Inah is a buy and vend abbreviate whereby Maybank Islamic (“the Bank”) would vend its possessions to the petitioner on retardred acquittal plea. Subsequently, Maybank Islamic (“the Bank”) would buy tail the identical asset from the petitioner at a inferior value on currency plea.

Under Bai’ ‘Inah concept, Maybank Islamic earn use its asset as an inferiorlying asset for the sale and alienation ariserences.

ExeCash-i Special

ExeCash-i Special lot is an Islamic Indivisible Promise Financing inferior the Syariah faculty of Bai’ ‘Inah (sale forthcoming a conjuncture next make-amends-for). Bai’ ‘Inah is a buy and vend abbreviate whereby Maybank Islamic (“the Bank”) would vend its possessions to the petitioner on retardred acquittal plea. Subsequently, Maybank Islamic (“the Bank”) would buy tail the identical asset from the petitioner at a inferior value on currency plea.

ExeCash-i for GLC

ExeCash-i for GLC is an Islamic Indivisible Promise Financing inferior the Shariah faculty of Bai’ ‘Inah (sale forthcoming a conjuncture next make-amends-for). Bai’ ‘Inah is a buy and vend abbreviate whereby Maybank Islamic (“the Bank”) would vend its possessions to the petitioner on retardred acquittal plea. Subsequently, Maybank Islamic (“the Bank”) would buy tail the identical asset from the petitioner at a inferior value on currency plea.

The ExeCash-i for Government Linked Companies (GLC) provides financing forthcoming a conjunctureout parallel to indivisiblee any of your indivisible deficiencys.

KOWAMAS

KOWAMAS is an Islamic Indivisible Promise Financing inferior the Syariah faculty of Bai’ ‘Inah (sale forthcoming a conjuncture next make-amends-for). Bai’ ‘Inah is a buy and vend abbreviate whereby Maybank Islamic (the Bank) would vend its possessions to the petitioner on retardred acquittal plea. Subsequently, Maybank Islamic (the Bank) would buy tail the identical asset from the petitioner at a inferior value on currency plea.The indivisible financing lot for Koperasi Wawasan Malaysia Berhad (KOWAMAS) provides financing forthcoming a conjunctureout parallel to indivisiblee any of your indivisible deficiency.

Hire Purchase-i

Hire Purchase-i is domiciled on the inferiorlying Shariah faculty of Al-Ijarah Thumma Al-Bai (AITAB). It media leasing and forthcoming alienation. It refers to 2 abbreviates inferiortaken multiplyially and consequentially i.e. Al-Ijarah abbreviate (leasing) and Al-Baiabbreviate (purchase). It is an extension of the faculty of Al-Ijarah whereby twain multiplyies advance agreed that at the end of the lease date, the customer earn alienation from the Bank the asset disturbed at an agreed value forthcoming a conjuncture all the lease rentals priorly remunerated constituting multiply of the value.

Operations of Commission Purchase-i are domiciled on Commission Alienation Act 1967 whereby all conditions that obey to Shariah capacity are conducive.

Maybankinvest-i

Maybankinvest-i is an resource Divide Trading / Financing lot from Maybank that is domiciled on the Shariah faculty of Murabahah. Inferior this abbreviate, Maybank agrees to finance your divide trading activities in public Shariah counters listed in Bursa Malaysia.

ASB Financing-i

ASB Financing-i is another conceive of promise financing to alienation ASB indivisible charge domiciled on Shariah facultys of Bai’ ‘Inah (sales forthcoming a conjuncture next make-amends-for)

3.6 PERFORMANCE ANALYSIS OF MAYBANK ISLAMIC BERHAD

The act of Maybank Islamic Berhad are excited from the notification that own been obtained from redressall act facts of Maybank Maybank Islamic proper been setup recently , thus the act earn be measured along forthcoming a conjuncture the creator congregation, all of the act respecting mortgage that had been published and other notification are hold from the act of Maybank. The barely being that is disconnected is entirety net allowance and operational allowance of a Maybank Islamic [1] .

The analyses that own been manufactured by the inquiryer are from the decomcomsituation of a Maybank itself. It conceives multitudinous notification of a bank act as a undiminished that gave a clearer draw encircling the relevant notification respecting entirety asset, entirety jurisdiction, entirety mortgage and multitudinous advance. As-well-behaved that, there is as-well-behaved decomcomsituation of a declaration of allowance that conceives the act of Maybank Islamic.

3.6.1 Entirety Assets [2] 

For the financial year ended 30 June 2010, ungathered possessions of the Cluster swelled by 8.4% or RM26.0 billion developmenting the entirety asset of cluster at RM 336,700 Pet conjuncture at the Bank plane, it extensiond 4.2% or RM10.1 billion to annals an esort of RM 248,392 Pet . For the prior year, the selfsame developth rebukes were 15.5% at Cluster plane and 8.7% at Bank plane. The bigness of the Group’s developth in possessions was partial from the dilution of net mortgages and advances which grew by RM19.8 billion or 10.6% and RM7.0 billion or 4.9% for the Cluster and the Bank respectively.

As at end of June 2010, net mortgages and advances represented 61.0% of entirety Cluster possessions, upper than the 59.8% as at the end of June 2009.

3.6.2 Securities alienationd inferior resale agreements [3] 

Securities alienationd inferior resale agreements are securities which the Cluster and the Bank had alienationd forthcoming a conjuncture a commitment to revend at coming dates. The commitments to revend the securities are reflected as possessions on the redress shuffle. Conversely, obligations on securities sold inferior realienation agreements are securities which the Cluster and the Bank had sold from its portfolio, forthcoming a conjuncture a commitment to realienation at coming dates. Such financing ariserences and selfsame obligations to alienation the securities are reflected as liabilities on the redress shuffle.

As at end June 2010, the Cluster held RM371.2 pet of securities alienationd inferior resale agreements.

3.6.3 Deposits and Placements forthcoming a conjuncture Financial Institutions [4] 

The Group’s safetys and fixments forthcoming a conjuncture financial establishments grew by RM2.6 billion to RM8.9 billion or 41.5% as Customer safetys developth outpaced the developth in mortgages and advances.

3.6.4 Life, Open Takaful and Family Takaful Stock Assets [5] 

After a developth of 7% or RM1.1 billion in the prior year, this redress shuffle indivisible grew by a resembling 7% to RM18.0 billion as at end of June 2010

3.6.5 Securities Portfolio [6] 

The bombardment securities portfolio of the Cluster lessend by RM3.6 billion or 6.2% chiefly due to a lessen of shorter aim Available-for-Sale avocation (RM5.2 billion) as cause rebukes were expected to stir in the primitive half of 2010.

Securities Held-for-Trading extensiond by RM1.2 billion which was multiplyially offset by the lessen in Available-for-Sale portfolio. Around 79% of the securities portfolio intervening of securities Available-for-Sale and advance 16.5% securities Held-to-Maturity conjuncture 4.9% of the securities portfolio is Held-for-Trading.

3.6.6 Loans, Advances and Financing [7] 

The Group’s net mortgages and financing for financial year of 2010 swelled by 10.6% or RM19.8 billion compared to 12.9% or RM21.2 billion the prior financial year. The Group’s animal mortgages grew 10.3% compared to 13.0% the prior year forthcoming a conjuncture domiciliary and redressseas mortgages developth of 11.0% and 8.8% respectively. The domiciliary operations developth of 11.0% was reform than the 6.5% annalsed in the prior year as consumer mortgages swelled by 15.0% on the tail of the RM3.3 billion or 28.6% developth in securities mortgages, chiefly for the alienation of relatively low-risk Amanah Saham Bumiputera indivisibles, and the RM2.6 billion or 13.2% extension in deportment mortgages. The Group’s redressall domiciliary mortgages traffic divide luminous at 17.6% compared to 17.8% the prior year. Mortgage mortgages grew by RM3.1 billion or 9.8% compared to 3.3% in the prior year forthcoming a conjuncture traffic divide at 13.4% compared to 13.9% the prior year. Confidence card receivables for the financial year rose RM0.6 billion or 16.0%, outperforming the diligence’s 11.3% developth innate to traffic divide mound to 12.8% from 12.7% the prior year. Autoductile financing for domiciliary operations annalsed a developth of 12.2% compared to 11.0% in the prior financial year and outperformed the diligence’s developth of 8.5%. Forthcoming a conjuncture developth exuberant the diligence, the traffic divide for financing of motor deportments rose to 17.4% from 16.8% in June 2009.

As at June 2010, the redressseas operations mortgage magnitude accounted for 32.3% of the Group’s mortgage dishonorable from 32.8% in the prior year. The animal mortgages magnitude for Singapore annalsed a developth of 3.4% or RM1.3 billion forthcoming registering a developth of 6.2% in 2009. Conjuncture for Indonesia, chiefly due to Bank Internasional Indonesia, animal mortgages grew 37.7% or RM4.7 billion to RM17.1 billion. In the other redressseas locations, entirety animal mortgages unprosperous 3.7% or RM0.4 billion chiefly due to the lessen in mortgage snare in the US and United Kingdom forthcoming the financial contingency. The Group’s Islamic animal financing and advances grew by 31.2% or RM8.2 billion during the year. Islamic banking constitutes a developing element of the Group’s banking vocation, accounting for 16.3% of animal mortgages and financing from 13.7% the prior year. Islamic animal financing accounted for 24.0% of domiciliary animal mortgages, mound from 20.3% annalsed in the prior year. Sustained efforts implemented to once reform asset sort own been cogent. The Group’s animal NPL harmony unprosperous to 2.9% from 3.5% the prior year. The Group’s net NPL harmony unprosperous to 1.2% from 1.6% the prior year. The Group’s net NPLs unprosperous by RM0.5 billion to RM2.3 billion as at June 2010. The Group’s NPL reservation credress (net of IIS) rose to a hale 124.5% compared to 112.9% the prior year.

3.7 Deposits from Customers [8] 

The Group’s customer safetys swelled by 11.4% or RM24.3 billion to RM236.9 billion conjuncture at the Bank plane it grew by RM7.3% or RM11.9 billion to RM175.4 billion. The Group’s impetuous immunity contributed to a developth of 9.1% for insist safetys and 9.9% for savings safetys. The Bank’s domiciliary operations remained the head in twain insist and savings safetys forthcoming a conjuncture traffic divides of 20.7% and 27.4% compared to 21.3% and 26.6% respectively in the prior year. Agricultural safetys grew by 10.0% compared to 12.3% in the prior year. The Group’s redressall safety stocking mix reformd contemptly as the Group’s ‘upper absorb’ agricultural safetys unprosperous to 55.1% of entirety customer safetys from 55.8% in June 2009

3.6.8 Deposits and Placements of Financial Institutions [9] 

This indivisible demolish by 19.2% or RM5.5 billion due to extension in safetys from customers (RM24 billion) which developmented in less sourcing of stocks from interbank traffic.

3.6.9 Shareholders Equity [10] 

The Group’s divideholders’ equity rose by 12.0% or RM3.0 billion to RM27.9 billion. The extension was chiefly due to extension in retained advantages for the year.

3.6.10 Net Cause Income [11] 

Net cause allowance of the Cluster extensiond by RM851.4 pet or 14.4%. The mediocre net cause latitude was 2.82% from 2.72% the prior year due to inferior cause expenses in the Malaysian operations, in-particular cause expenses from agricultural safetys, and inferior cause expenses in the Singapore operations as well-behaved-behaved-behaved as generous year offering from Bank Internasional Indonesia (BII) for financial year of 2010.

3.6.11 Islamic Banking [12] 

Net allowance from the Group’s Islamic banking operations extensiond by RM210.4 pet or 17.2% to RM1.4 billion. The extension was chiefly due to developth of possessions in Islamic vocation, localally commission alienation and residential mortgages.

3.6.12 Overhead Expenses [13] 

The Group’s redressheads expenses rose by RM852.9 pet or 15.3% redress that of the selfsame year as a development of an extension in personnel absorb, generous-year offering from BII and dilution of BII, upper organization absorbs, and confidence card connected expenses due to upper ariserence, bulk. The Group’s absorb to allowance harmony unprosperous to 49.8% from 52.8% priorly as net allowance developth outpaced the developth in expenses. Personnel absorbs extensiond by RM364 pet or 14.3% due to an extension in allowance, EPF, boon and luxuriance. Organization absorbs extensiond by RM66.2 pet as a development of upper absorb from backbiting and rental. On a resembling plea, the Group’s adjusted absorb to allowance harmony (extraneously protection claims and unrealised privation) would be 47.8% counter 49.1% for the prior financial year.

3.6.13 Mortgage and Financing Privation and Provisions [14] 

Loan privation and conditions of the Cluster equalityed to RM1.2 billion, which is RM510.8 pet or 30.1% inferior than that of the prior year. This lessen was chiefly due to proud open conditions made in the developed mercy of financial year end of 2009 developmenting from the diluted global economic place.

3.6.13 Taxation [15] 

The cogent tax rebuke of the Cluster is 26.1% which is upper than the statutory rebuke of 25% chiefly due to non-deductible expenses.

3.7 CONCLUSION

From the decomcomsituation it distinctly shows that the financial act of Maybank Islamic proofd a impetuous developth. The increasing of the mortgage emanation in-particular indivisible mortgage and as-well-behaved forthcoming a conjuncture the steadfast extension of entirety allowance forthcoming tax , in enumeration to that the reducing of non – performing mortgage portrayed the developth of Maybank Islamic in-particular their financial act .

According to a bristly symbol from the decomposition, it distinctly shows that Maybank Islamic can cope forthcoming a conjuncture other Islamic banking establishment.

Based on the entirety asset that is increasing per-annum and non – performing mortgages that are reducing, it portrayed that the entirety net asset of Maybank Islamic are going impetuouser. As-well-behaved that, the increasing of indivisible mortgage shows that this establishment gaining the charge of the commonwealth.

Although there is a contempt gravitate in Islamic safety, but it is chiefly owing of Islamic obligation and sukuk obligation that arise without of the province developmenting the absorb of stock to extension, and it is not owing of a admission of a mass encircling Islamic emanation offered by Maybank Islamic are not causeing abundance.

As a falsification, Maybank Islamic Berhad has a impetuous comcomcomsituation in their scene as their finance and asset comcomcomsituation are unquestionably good-tempered.

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We also use a secure encrypted connection and do not store your private data if we do not need it anymore. For more details about how we ensure your confidentiality, check our Privacy Policy, which completely complies with the GDPR.

We offer original model papers that can be used legally in a number of ways if properly referenced:

  • As a source of arguments or ideas for your own research
  • As a source of additional understanding of the subject
  • Direct citing

Nonetheless, check your college’s/university’s policies, including their definition of plagiarism and paraphrasing before using our services. Make conscious decisions in regards to your education.

How do I order a paper from writemyessay?

We take care not only of your academic success, but also of your experience with us. That’s why we have made the process of placing your order as easy and fast as possible—usually, it takes no more than 2-3 minutes.

Let’s have a closer look at the simple steps you need to go through for submitting your order:

Fill in the order form.

Be sure to include specific instructions regarding your paper and to upload any of the required materials. If you have any questions while specifying your paper’s information, just click on the info sign at the end of every field name and you will see a detailed tip on what exact information is required.

Proceed with the payment.

After you are through with the order form, you will need to make a payment via a preferable system. Right after that, you will be automatically provided with your personal order page where you can track your order’s progress, provide additional requirements, and send messages to your writer or support manager.

A personal writer is assigned to your order.

Our qualified staff will choose the most suitable writer whose skills and experience match your field of study and paper’s details. In case the writer must have any particular software or literature in order to get the assignment done, please do not forget to mention this in your initial instructions.

Your paper is completed and delivered to your personal order page.

When the writer finishes your paper, it is delivered to your personal order page as a PDF document, available for preview only. You will be able to download an editable MS Word version of the order right after you click the “Approve” button in the “Files” tab of your personal order page. If any changes are to be applied to the paper, you are always welcome to request a free revision with a new deadline for the writer (be sure to check more information about this in our revision policy).

You can check how easy the process is by going to the order page and submitting your paper details right now.

Is there a money-back guarantee? If yes, how can I receive a refund?

You can get more details about possible types and terms of refunds on our official money-back guarantee page.

How will I receive a completed paper?

You will get the first version of your paper in a non-editable PDF format within the deadline. You are welcome to check it and inform us if any changes are needed. If everything is okay, and no amendments are necessary, you can approve the order and download the .doc file. If there are any issues you want to change, you can apply for a free revision and the writer will amend the paper according to your instructions.

If there happen to be any problems with downloading your paper, please contact our support team.

What if I’m not satisfied with my order?

If your paper needs some changes, you can apply for a free revision that is available for 7 days after your paper is approved. To use this option, you have a “Revision” button on your personal page.

After the 7-day period, you cannot apply for a free revision, though you still can use a paid revision option. The price of such a revision will differ depending on the number of amendments needed to be done. Please contact our support team to find out how we can help you with the amendments to your paper.

If you think our writer didn’t manage to follow your instructions, and as a result, your paper is of poor quality, please contact us and we will do our best to solve the problem.

If the revisions didn’t give the desired result, you can apply for a refund. Our dispute department will process your inquiry to find out what kind of refund we can give you. To find out more, please visit our money-back guarantee page.

How do I request a refund?

You can’t apply for a refund on certain stages of your order, like when the order is not finished by the writer yet.

When the paper is delivered, the “Refund” button on your personal order page becomes clickable.

On the relevant tab of your personal order page, you will also be able to choose the type of refund you’re demanding and the reason why you applying for it. As soon as you do that, our dispute department will start working on your inquiry. All kinds of refunds concerning the quality or the lateness of your paper should be requested within 14 days from the time the paper was delivered, as in 14 days your paper, will be automatically approved.

Your inquiry should be submitted by clicking the “Refund” button on your personal order page only.