BIMB Investment Management Berhad a wholly owned subsidiary of Bank Islam Malaysia Berhad has declared income distribution for BIMB-ARABESQUE i Global Dividend Fund 1 (BiGDF1) of 6.02% for 2024.
The newly appointed Chief Executive Officer, Azdini Nor Azman, said, ‘‘The income distributions will be 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.
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.
