BIMB Investment launches Bank Islam Premier Fund with target of 5% annual income

BIMB Investment Management Berhad (BIMB Investment), a wholly-owned subsidiary of Bank Islam Malaysia Berhad has launched its Bank Islam Premier Fund (BIPF).

BIPF is a Shariah-mixed assets fund with investments in Collective Investment Scheme (CIS), Bank Islam’s investment account, Islamic deposits, and money market instruments. The dynamic asset allocation of the fund aims to generate potential capital appreciation and annual income distribution. 

Sophisticated investors can now explore new investment opportunities with BIPF that provides a potential average return of five percent per annum for five years with medium to high-risk investment. It is equipped with flexible investment solutions with no lock-in period and no withdrawal charges. 

The fund is available with an initial investment amount of RM30,000 and a minimum additional investment of RM15,000 starting November 17 at all Bank Islam branches nationwide. The initial offer price for BIPF is RM1.00 per unit during its initial offer period of 45 days, starting from November 17 until January 1, 2021. 

“We are pleased with the launch of Bank Islam Premier Fund that offers innovative investment opportunities to sophisticated investors. Bank Islam Group continues to offer holistic and comprehensive funds and wealth management solutions throughout its 148 branches nationwide. 

Bank Islam Premier Fund further adds the depth and breadth of Bank Islam wealth management solutions for the affluent and high net worth client segments,” BIMB Investment Chairman, Mohamed Ridza Mohamed Abdulla said.

BIMB Investment Chief Executive Officer, Najmuddin Mohd Lutfi, said, “We remain resilient amid the coronavirus-related market upheavals and will continue to remain innovative in the Shariah and ESG investment field. 

The launch of Bank Islam Premier Fund is timely as it offers sophisticated investors a diversified investment portfolio that aims to provide medium to long-term return through capital appreciation and income distribution. Since the 12 months deposit rate is currently around 1.80 percent due to OPR cuts, this fund offers sophisticated investors an alternative to potentially grow future income.” 

Notably, BIMB Investment is the first bank-backed Islamic Asset Manager in the region to be a signatory of the United Nations-Supported Principles for Responsible Investment (UNPRI).

Previous announces partnership with Turkish Airlines as it readies for the return of international travel
Next articleMAN Trucks Service Center Gets Closer To Port Klang Customers


Please enter your comment!
Please enter your name here