Malaysia’s Fund Management Industry Gets New Investment Dimension Via BIMB’s Waqf Unit Trust Fund

BIMB Investment Management (BIMB Investment) launched the Makmur myWakaf Fund (MWF) on the 3rd of March 2021 as a tool for investors to direct a part of their investment returns towards Waqf purposes, in support of underprivileged communities in Malaysia. The fund generates income through a diversified portfolio of Shariah-compliant investments that are dispersed across different asset classes both locally and globally. All securities will go through sustainability as well as environmental, social and governance (ESG) screening. The fund is offered in MYR, USD and AUD, comes with an initial offer price of 25 sen/cent per unit and a minimum initial investment of MYR 200, USD 200 and AUD 200.

Why it matters?

BIMB Investment is the firs...