PMB Investment Aims to Achieve MYR 10-15 Million in Funding for Shariah Global Equity Fund

PMB Investment, a Malaysia-based Islamic fund management company, is hoping to achieve MYR 10 – 15 million in funding by year-end for its newly-launched PMB Shariah Global Equity Fund (PMBSGEF).

Why it Matters?

PMBSGEF is PMB Investment’s maiden global equity fund, catering to investors looking for medium to long term capital growth. According to Mahani Ibrahim, Chief Executive Officer of PMB Investment, the fund would provide investors in Malaysia access to a diversified portfolio of global Shariah-compliant securities. Meanwhile Datuk Seri Mahdzir Khalid, Rural Development Minister stated that PMB Investment provided easy access to global markets at an affordable entry point amid the COVID-19 pandemic. According to Mahani, the fund would...