KUALA LUMPUR: BIMB Investment Management Berhad (BIMB Investment), a wholly-owned subsidiary of Bank Islam Malaysia Berhad was awarded ESG Asset Manager of the Year 2019 by The Asset Triple A Islamic Finance Awards 2019, an award in recognition of its significant contributions and achievements in ESG, sustainability and asset management in Asia.
The Asset Triple A Islamic Finance Awards are the industry’s most prestigious awards, in what has become one of the fastest growing and most promising niches of global finance. The Asset picks the best Islamic financial institutions, as well as the deals that best defined the industry during 2018.
BIMB Investment manages more than RM1 billion of Shariah-ESG assets, making it the largest Shariah-ESG asset manager in Malaysia with the broadest range of Shariah-ESG funds for comprehensive Shariah-ESG Investing solutions to retail and institutional investors in Malaysia and Singapore. Investors would be able to build their investment portfolio by investing in varieties of ESG fund selections which include global Shariah-ESG equities, Asia Pacific Shariah-ESG equities, Malaysia Shariah-ESG equities and global ESG Sukuk.
BIMB Investment partnered with a UK based global asset manager, Arabesque Asset Management Ltd on ESG and sustainability investing capabilities that use machine learning and big data technology.
BIMB Investment launched the World’s first Global ESG Sukuk Fund in 2018 and has raised more than RM110 million in fund size. Its Global Shariah-ESG equity fund is now the largest global equity fund in Malaysia, with a fund size of more than RM900 million and also ranked the World’s third largest global equity Shariah-ESG fund. The fund also ranks number one and best performing global equity Shariah fund for three years cumulative return as of 31 December 2018.
BIMB Investment Chief Executive Officer, Najmuddin Mohd Lutfi said, “We are honoured and humbled to receive this award which was made possible with the continuous support and trust from our investors and business partners. Our journey in ESG and sustainable investing started in 2015. With more than three years of proven track record, offering the widest range of Shariah-ESG investment solutions, we look forward to contributing more in developing a robust and dynamic ESG investing ecosystem in Malaysia and the region. Our wide range of Shariah-ESG Funds can be easily subscribed, as low as RM500 and additional investment as low as RM100, and available at most major banks in Malaysia including more than 145 Bank Islam branches nationwide, an online investing portal like Fundsupermart and through BIMB Investment consultants. BIMB Investment also offers a mobile app called “BEST” that investors can download from Apple Store and Google Play that allows its existing investors to view investment portfolio anytime and anywhere”.
“We hope our contributions towards Shariah-ESG investing will complement Malaysia as the world’s leading Islamic Finance market place, an initiative of the Malaysia International Islamic Financial Centre (MIFC)” added Najmuddin.
“The Asset has institutionalized ESG initiatives in The Triple A Awards to inspire and drive sustainability in businesses in Asia and BIMB Investment, through its various Shariah-ESG funds, exemplifies such a commitment.” added The Asset.
For more information, please contact 1-800-88-1196 or visit www.bimbinvestment.com.my