Page 3 - Fund Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Friday, 07 May 2021 05:43 PM MYT PUTRAJAYA, May 7 — Maybank Asset Management Sdn Bhd (MAM) has launched its first shariah-compliant retail Islamic investment fund with Waqf feature, Maybank Mixed Assets-I Waqf Fund with an initial fund size target of RM50 million. Chief executive officer Ahmad Najib Nazlan said the fund aimed to generate annual income using Waqf allocation with Yayasan Waqaf Malaysia (YWM) appointed as the Waqf recipient and asset administrator. He said the fund provided an opportunity for investors to contribute part of their annual investment income for Waqf activities to...

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 ind...