The BIMB ESG Sukuk Fund by BIMB Investment Management Berhad is the world’s first ESG Sukuk fund. It is also the first Shariah Sukuk Fund in Malaysia approved under the Sustainable Responsible Investing (SRI) guidelines introduced in December 2017.
The fund combines both Shariah principles and Environmental, Social and Governance (ESG) principles in its domestic and foreign sukuk issuance selection criteria. The fund applies Arabesque S-Ray in its ESG screening which systematically combines over 200 ESG metrics with news and data signals from over 50,000 sources across 15 languages. The ESG analysis provides insights and understanding of a company’s management quality and its positioning for long-term financial success.
Najmuddin Mohd Lutfi, BIMB Investment CEO says, “The fund offers corporate and retail investors a potential stable annual income stream and an opportunity for capital appreciation over the medium to long term by investing in local and global sukuk. This fund provides easy access to high investment grade sukuk through several currency options such as US Dollars and Singapore Dollars.”
The fund is offered for subscription in the Malaysian Ringgit, US Dollars and Singapore Dollars at 0.25cents per unit for 21 calendar days during the initial offer period from August 1st, 2018 till August 21st, 2018.