BANK ISLAM MALAYSIA BERHAD AND PMB INVESTMENT BERHAD FORGE STRATEGIC ALLIANCE TO EXPAND SHARIAH-COMPLIANT INVESTMENT OPPORTUNITIES NATIONWIDE

Kuala Lumpur, 12 November 2024 – Bank Islam Malaysia Berhad (Bank Islam) and PMB Investment Berhad (PMB Investment), an Islamic Fund Management Company under Pelaburan MARA Berhad, announced a strategic collaboration today, appointing Bank Islam as an Institutional Unit Trust Adviser (IUTA) to promote and distribute PMB Investment’s unit trust funds across Malaysia.

The collaboration was formalized in a meeting held today at Kuala Lumpur Golf & Country Club led by Datin Zaharah Muttalib, Director, Wealth Management Division of Bank Islam, and Hang Tuah Amin Tajudin, Acting Chief Investment Officer, PMB Investment Berhad. Also present were Encik Mizan Masram, Bank Islam Group Chief Business Officer, Group Retail Banking, Datuk Mohd Idzwan Izuddin Ab Rahman, Chairman of PMB Investment, Dato’ Mohamad Razali Mohamad Rahim, Chairman of Pelaburan MARA, and Mahdzir Othman, Group Chief Executive Officer of Pelaburan MARA Berhad.

As the eighth IUTA in PMB Investment’s distribution network, Bank Islam will leverage its extensive branch network to market and distribute five PMB Investment unit trust funds: PMB Dana Al-Aiman, PMB Dana Bestari, PMB Shariah Index Fund, PMB Shariah Equity Fund, and PMB Shariah Cash Management Fund.

Datuk Mohd Idzwan expressed PMB Investment’s excitement over the collaboration, emphasizing that "PMB Investment is pleased to partner with Bank Islam, allowing both entities to enhance the reach of Shariah-compliant investment products. Through Bank Islam's wide distribution network, PMB Investment will access new opportunities and expand its investor base across Malaysia via BIMB’s established channels. Under this new collaboration, BIMB is expected to significantly contribute to PMB Investment’s AUM target of RM2.0 billion by 2025.

Meanwhile, Mizan commented, “We are pleased to partner with PMB Investment, one of the pioneers in Malaysia’s Islamic fund management industry, to expand our suite of Shariah-compliant investment solutions. This strategic alliance allows us to offer a diverse range of products tailored to meet our clients' diverse needs and objectives, including those interested in growth, index and income funds.”

“Through this collaboration, we aim to provide our clients a wide array of accessible, diversified investment options that align with their financial goals while adhering to Islamic principles. This diversity represents a significant step in strengthening our commitment to financial inclusion and empowering clients with investment choices that support long-term growth.”

Investors can start investing through Bank Islam’s branches, the Employees Provident Fund (EPF) online portal or by using the EZForm available on PMB Investment’s website, www.pmbinvestment.com.my, with convenient FPX fund transfer options.

For additional information on the fund offerings, including applicable fees and risk considerations, please visit www.pmbinvestment.com.my or contact us at 03-4145 3900.
 

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Corporate Info:

About Bank Islam Malaysia Berhad (Registration No [198301002944(98127-X)])
 
Bank Islam is the first Islamic bank publicly listed on the Main Market of Bursa Malaysia. Established in July 1983, the bank has 135 branches and over 900 self-service terminals across Malaysia. As a pure-play Islamic bank, Bank Islam provides retail banking and corporate financial solutions that strictly adhere to Shariah rules and principles. The bank is committed to sustainable prosperity and ESG values and is an official UN Global Compact Malaysia and Brunei participant. Bank Islam’s core subsidiaries, BIMB Investment and BIMB Securities, offer various Islamic financial services, including investment and stockbroking. For more information on the Group's products and services, please visit www.bankislam.com.

About PMB Investment Berhad

PMB Investment Berhad (256439-D), as a corporate entity under the Pelaburan MARA Group and under the auspices of MARA Corporation Sdn Bhd, operates as an Islamic Fund Management Company (IFMC).

It manages 19-unit trust funds including wholesale funds, and several investment portfolios in equity and sukuk asset classes. For more information, visit www.pmbinvestment.com.my.


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