PETALING JAYA - AmBank Group has denied promoting or encouraging Lesbian, Gay, Bisexual and Transgender (LGBT) practices as it adheres to strict banking, insurance and takaful guidelines.
The group said it respects the country's Syariah laws, as well as the sensitivities of the various communities with different religious beliefs and practices.
"This is in line with our value proposition of being Malaysia's bank that understands the needs of the Malaysian community.
"AmBank Group is not involved in promoting or encouraging LGBT practices as reported in the media.
"AmBank Group, particularly AmMetLife Insurance Berhad and AmMetLife Takaful Berhad, operates and is governed independently under the laws of Malaysia and is not endorsing any practice that breaches any laws, including Syariah law," it said in a statement yesterday.
This is in response to a statement by Jaringan Melayu Malaysia (JMM) on Wednesday which urged a boycott of AmBank for its ties with US-based insurance firm MetLife, Inc.
JMM president Azwanddin Hamzah reportedly said AmBank was indirectly deceiving the Muslims in Malaysia as it contradicted the concept of takaful, which is a system that complies with Islamic law.
Youth and Sports Minister Khairy Jamaluddin criticised JMM, saying that such calls are "stupid".
"If that is the case, using an iPhone is also considered promoting LGBT because of Tim Cook.
"Clearly, stupidity has no boundaries," Khairy said on Twitter on Wednesday.
Cook is Apple's chief executive officer who recently announced he is gay.