Berita Harian Malaysia

Tag: #investment

  • For its Global Shariah-ESG Equity Fund, BIMB Investment announced a 6.02% income distribution yield.

    The following income distribution has been issued for BIMB-ARABESQUE i Global Dividend Fund 1 (BiGDF1) or (the Fund) for its financial year ending 31 March 2024 by BIMB Investment Management Berhad (BIMB Investment), a fully owned subsidiary of Bank Islam Malaysia Berhad (Bank Islam):

    Fund Name  Asset Class  Yield (%)  Sen/cent per unit
    BIMB-ARABESQUE i Global Dividend Fund 1 RM  6.02%  2.90
    USD  6.12%  2.90
    RM Hedged  6.19%  2.80
    SGD  6.10%  2.60

    BIMB Investment’s Chief Executive Officer, Azdini Nor Azman, said, ‘‘We would like to thank our  unitholders for their unwavering support and trust in our BiGDF1. Their confidence has translated  into a strong performance, resulting in income distributions of 2.90 sen/cent per unit for the RM  Class and USD Class, 2.80 sen/cent per unit for the RM Hedged Class, and 2.60 sen/cent per  unit for the SGD Class. The income distribution yield of the Fund is 6.02% for the RM Class,  6.12% for the USD Class, 6.19% for the RM Hedged Class, and 6.10% for the SGD Class.” 

    She adds, “With BiGDF1, the landscape of fund management is evolving through the financial  technology solution that constructs investment portfolios focusing on capital growth while effectively managing market volatility, conducting data analysis, and making intuition-free  decisions. BiGDF1 seamlessly incorporates Shariah values and environmental, social and  governance (ESG) principles, harnessing the power of Artificial Intelligence (AI) technology to  provide consistent, sustainable performance. Our dedication remains firmly rooted in delivering  value and sustainable performance with risk management at the forefront of our commitment to  investors.” 

    BiGDF1, first introduced in November 2015 and relaunched in 2019 for retail investors, is one of  the largest Shariah global equity funds in Malaysia, with more than RM200 million in fund size as  of 31 August 2023, according to the Refinitiv Lipper IM rank. The Fund was awarded Best ESG  Equity Fund 2020 by The Asset Islamic Finance Awards 2020. The Fund seeks long-term capital  appreciation and provides investors access to investments in Shariah-compliant global equities. 

    It suits investors seeking exposure to Shariah-compliant global developed markets equity, with  moderate to high-risk tolerance and a 5-year or more investment horizon. The Fund invests a  minimum of 90% of the Fund’s net asset value (NAV) into the Target Fund and a maximum of  10% of the Fund’s NAV into Islamic fixed deposits, Islamic money market instruments, and/or  Islamic liquid markets. The Fund rebalances its portfolio daily between equity and cash for  sustainable risk-adjusted investment returns and to reduce risks and drawdowns during failing  markets. The minimum initial investment amount is RM500 for the RM Class and the RM Hedged  Class, SGD500 for the SGD Class, and USD500 for the USD Class. 

    Bank Islam’s Group Chief Executive Officer, Mohd Muazzam Mohamed, said, “The Bank Islam  Group remains committed to incorporating Shariah principles within the Group and considering  ESG factors. This commitment aims to enhance resilience and foster financial inclusion for  everyone. We believe ESG-focused investments are poised to become the prevailing trend, and  companies that prioritise ESG considerations will excel and demonstrate greater long-term  resilience.” 

  • THE NEW CHIEF EXECUTIVE OFFICER AND NON INDEPENDENT EXECUTIVE DIRECTOR OF BIMB INVESTMENT IS WELCOME BY BANK ISLAM As on 1 August 2023, Azdini Nor Azman will serve as the group’s investment management arm

    Azdini Nor Azman has been appointed as the CEO and Non-Independent Executive Director of Bank Islam Malaysia Berhad’s (Bank Islam), fully owned subsidiary, BIMB Investment Management Berhad (BIMB Investment), with effect from 1 August 2023.

    Azdini joined BIMB Investment as the Acting CEO on 1 March 2023 and assumed the CEO position after receiving official approval from the Securities Commission Malaysia (SC). 

    Azdini has 26 years of extensive experience in the industry across various organisations such as  Asian Islamic Investment Management Sdn Bhd, Bank Muamalat Malaysia Berhad, CFC  Seymour Limited, Bank Islam Malaysia Berhad, MIDF Amanah Investment Bank Berhad and  Amanah Short Deposits Berhad. Before joining BIMB Investment, she served as the Head of  Wholesale Banking at Hong Leong Islamic Bank Berhad (Hong Leong Islamic Bank), where she  managed all aspects of the wholesale business, encompassing Islamic Global Markets and  Islamic Business and Corporate Banking.  

    During her tenure at Hong Leong Islamic Bank, she was a member of various committees and  working groups, including the Investment Committee for Hong Leong Asset Management Berhad,  Association of Islamic Banking Institutions Malaysia (AIBIM), and a member of sub-committees  for initiatives and developments for the Islamic industry in Malaysia. 

    She is currently a member of Bank Negara Malaysia (BNM)’s Islamic Financial Market  Subcommittee for 2022 – 2023. 

    Azdini holds a Bachelor of Commerce (Major in Finance) from the University of Otago, New  Zealand. She is also a holder of the Chartered Professional in Islamic Finance (CPIF) from the  Chartered Institute of Islamic Finance Professionals (CIIF), alongside the Persatuan Pasaran  Kewangan Malaysia (PPKM) Dealers’ License, as well as the Capital Markets Services  Representative’s Licence (CMSRL). 

    Notably recognised for her accomplishments, Azdini was prominently ranked within the top 100  of WOMANi’s Most Influential Women in Islamic Business and Finance 2020 Report. Her recent  distinction in WOMANi’s Significancica category underscores her remarkable contributions and  achievements in Islamic Banking and Finance. The WOMANi report features distinguished  women leaders across diverse industries, such as banking, asset management, academia, and  other related sectors, who have made their mark in Islamic business. 

    Bank Islam’s Group Chief Business Officer – Group Institutional Banking and BIMB Investment’s  Non-Executive Non-Independent Director, Sharifah Sarah Syed Mohamed Tahir, said, “On behalf  of the Group, I extend my heartfelt congratulations and welcome Azdini on her new leadership at  BIMB Investment.” 

    “Her excellent track record is a testament to her stature and enthusiasm for fostering innovation  in Islamic finance. We are confident Azdini will steer BIMB Investment to tackle the challenges of  the ever-evolving financial landscape and capitalise on emerging opportunities, bringing the firm  to new heights and creating long-term value for all stakeholders,” Sharifah Sarah adds.