Legitimate Shariah Compliant Products
Citadel Trustee Berhad (CTB) and Citadel Group of Companies are aware of the statements made against Citadel Trustee Berhad, among eight (8) other trust financial companies, on the legitimacy of our products.
CTB wishes to reassure all stakeholders that our operations and private trust activities abide by all the relevant governing legal requirements and the provisions under the Trustee Act 1949 and the Trust Companies Act 1949. The licensing matter had been clarified with the Securities Commission (SC) itself at the inception of CTB, and we have not had any further inquiries from them to date. CTB had also been appointed Salihin Shariah Advisor in 2021 to ensure that our products are not only legitimate but also Shariah compliant.
Should the need arise, CTB will cooperate fully with any requests from any of the regulators on this matter. In the meantime, we wish to again reassure all our stakeholders that CTB’s products, which are also Shariah compliant, are a legitimate and law-abiding venture.
We are confident that CTB will overcome this matter as we continuously move towards our goals of growing not only in Malaysia but in the ASEAN region.