BIMB Investment Aims for MYR 50 Million in Assets Under Management with Makmur myWakaf Fund in 2021

BIMB Investment Management (BIMB Investment), a subsidiary of Bank Islam Malaysia, intends to reach MYR 50 million in assets under management (AUM) for its Makmur myWakaf fund in 2021.

Why it Matters?

Chairman of BIMB Investment, Mohamed Ridza Mohamed Abdulla, said that Waqf plays a key role in the economic development and welfare of a country, adding that that the fund enables investors to partake in the revenue prospects of the Malaysian, Asia Pacific and global markets through tactical asset allocation. Through the Mamkur myWakaf fund, corporate or individual investors can apportion a part of their investment returns for Waqf – to help those who are underprivileged, particularly with healthcare, education and community empowerment.

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