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BIMB Investment launches Makmur myWakaf Fund

BIMB Investment chairman Mohamed Ridza Mohamed Abdulla said the Makmur myWakaf Fund is unique as it combines Shariah-based principles in mobilising funds for the betterment of society.
KUALA LUMPUR: BIMB Investment Management Bhd launched the Makmur myWakaf Fund (MWF) on Wednesday which is for investors who wish to channel a part of their investment returns for wakaf purposes to underprivileged communities in Malaysia.
BIMB Investment is the first fund management company to structure and design a wakaf unit trust fund, hence, introducing a new investment dimension into the fund management industry in Malaysia.
In a statement, BIMB Investment, a unit of Bank Islam Malaysia Bhd, said this is the first Wakaf featured unit trust fund under the Securities Commission Waqf-Featured Fund Framework that was introduced on Nov 12,2020.

Australia , Kuala-lumpur , Malaysia , Australian , Malaysians , Mohamed-ridza-abdulla , Najmuddin-mohd-lutfi , Mohd-muazzam-mohamed , Mohd-muazzam , Wakaf-fund , Strategic-relations-division , Malaysia-international-islamic-financial-centre