Get StartedBIMB INVESTMENT LAUNCHES BIMB MYR SUKUK INCOME FUND (BMSIF)
A Sukuk fund designed to deliver a steady income potentially over the medium to long-term
KUALA LUMPUR, Tuesday, [30 July 2024]: BIMB Investment Management Berhad (BIMB Investment or the Company), a wholly-owned subsidiary of Bank Islam Malaysia Berhad (Bank Islam), today announced the launch of BIMB MYR Sukuk Income Fund (BMSIF or the Fund).
Celebrating its 30th anniversary, BIMB Investment, a trusted name in the industry, continues to offer innovative Shariah-compliant investment opportunities. BMSIF, a strategic addition to the Company’s fund offerings, invests a minimum of 70% of its Net Asset Value (NAV) into Ringgit Malaysia (RM) denominated Sukuk issued and/or offered in Malaysia and/or the Islamic Collective Investment Scheme (CIS). A maximum of 30% of its NAV will be invested into Islamic liquid assets.
BIMB Investment Chief Executive Officer Azdini Nor Azman said, ‘‘We are excited to launch BMSIF, as we continue our commitment to enhance our investment offerings and adapt to evolving market conditions. Our goal is to provide a comprehensive solution by optimising client portfolios and addressing their investment needs, with additional funds set to be introduced.’’
"BMSIF is structured to potentially offer stability in returns, making it an ideal choice for investors who aim for a steady income stream over a medium to long-term period," she added.
The Fund is being offered in RM class, with an initial investment amount as low as RM500 and additional investments starting at a minimum of RM100. Income distribution, subject to the availability of income, shall be on a quarterly basis after the first anniversary of the Fund’s commencement date.
Bank Islam Group Chief Business Officer and BIMB Investment Non-Executive Non-Independent Director, Sharifah Sarah Syed Mohamed Tahir, said, ‘‘We are actively seeking opportunities to broaden our portfolio with diverse services and offerings tailored to meet the varied needs of our clients. Through the collaborative support of Bank Islam's Group Institutional Banking (GIB) with subsidiaries, we have achieved significant transformations, setting a solid foundation for continued growth and stability in 2024 and the years to come. These underscore the Group’s steadfast dedication to client-centricity, innovation, and sustainability.’’
To date, aside from private mandates, BIMB Investment manages 16 investment funds, consisting of seven (7) Shariah-SRI (Sustainable and Responsible Investment) funds. The Company won six (6) awards at The Edge ESG Awards 2023 namely ‘‘Best in E, S & G (Gold)’’ and ‘‘Best Fund Based on Asset Class (Allocation) (Silver)’’ for its Makmur myWakaf Fund (MWF), ‘‘Best Overall Winner (Silver)’’ and ‘‘Best Fund Based on Asset Class (Silver)’’ for its BIMB-Arabesque Global Shariah-ESG AI Technology Fund (BGSEAIT). Its Global Sukuk fund, BIMB ESG Sukuk Fund (BSF), was named ‘‘Most Innovative Shariah-ESG Sukuk Fund’’ in 2020 at the Global Business Outlook Finance Awards.
Investments can be made directly by contacting BIMB Investment at 1800-88-1196 or email marketing.bimbinvest@bankislam.com.my. Investors may also visit and contact any of BIMB Investment’s authorised unit trust consultants, distributors and/or any Bank Islam branches. The daily Fund price and further information about the Fund can be referred to on BIMB Investment’s website at www.bimbinvestment.com.my
Disclaimer: Investors are advised to read and understand the contents of the Prospectus of BIMB MYR Sukuk Income Fund (‘’BMSIF’’ or ''the Fund'') dated 24 July 2024 or its supplemental (if any) and the Product Highlights Sheet (PHS) before investing, which have been lodged with the Securities Commission Malaysia (SC) who takes no responsibility for its contents. PHS is available, and investors have the right to request it. A copy of the Prospectus, its supplemental (if any), and PHS can be obtained from the Head Office of BIMB Investment, www.bimbinvestment.com.my, any of our authorised unit trust consultants, distributors and/or any Bank Islam branches. The PHS and any other product disclosure document should be read and understood before making any investment decision. The SC’s authorisation or the lodgement of the Prospectus or its supplemental (if any) and PHS should not be taken to indicate that the SC has recommended the Fund. There are fees and charges involved, and investors are advised to compare and consider the fees, charges and costs involved before investing in the Fund. Investments in the Fund are exposed to risk; please refer to the Prospectus or its supplemental (if any) and PHS for detailed information. Investors are advised to consider the risks in the Fund and should make their own risk assessment and seek professional advice, where necessary, before investing. Investors should also note that the price of units and distribution payables, if any, may fluctuate, and the Fund's past performance should not be taken as indicative of its future performance. Any issue of units to which the Prospectus or its supplemental (if any) and PHS relates will only be made upon receipt of the completed application form referred to in and accompanying the Prospectus or its supplemental (if any) and PHS, subject to the terms and conditions therein. Investors are also advised that, where distribution is declared, and following the issue of distribution, the NAV per unit will be reduced from cum distribution to ex-distribution NAV. The award grantors mentioned are independent third parties unrelated to the Company. SC has not reviewed this media release.
About Bank Islam Malaysia Berhad (Registration No [198301002944(98127-X)])
Bank Islam is Malaysia's first publicly listed Islamic Bank on the Main Market of Bursa Malaysia. Established in July 1983 as Malaysia's first Islamic Bank, Bank Islam has 135 branches and over 900 self-service terminals nationwide. As a full-fledged and pure-play Islamic bank, Bank Islam provides banking and financial solutions that strictly adhere to the Shariah rules and principles and are committed to the ideals of sustainable prosperity and ESG values. The core subsidiaries of the Bank Islam Group are pioneers in various Islamic financial services, including investment and stockbroking, namely BIMB Investment Management Berhad and BIMB Securities Sdn Bhd. For more information on the Group's products and services, visit www.bankislam.com.
For further information, please email Bank Islam Group's Media Relations team at media@bankislam.com.my
About BIMB Investment Management Berhad (Registration No [199301021508(276246-X)])
BIMB Investment Management Berhad (‘‘BIMB Investment’’) is an Islamic fund management company in Malaysia, licensed and registered with the Securities Commission Malaysia (‘‘SC’’). A wholly-owned subsidiary of Bank Islam Malaysia Berhad, BIMB Investment was incorporated on 14 September 1993 and commenced its operations on 20 June 1994. BIMB Investment is the region's first bank-backed Islamic asset manager to be a signatory and an official member of the United Nations Principles for Responsible Investment (‘‘UNPRI’’). Since 2015, BIMB Investment has pioneered sustainable investment, utilising Big Data and Artificial Intelligence (‘‘AI’’) technology in its investment processes, potentially offering investors better risk-adjusted returns.
For further information, please visit www.bimbinvestment.com.my or email marketing.bimbinvest@bankislam.com.my