The strategic partnership would seek to tap into the growing demand for Shariah and sustainable solutions and deliver better investment outcomes.
AIIMAN Asset Management Sdn Bhd (“AIIMAN” or “the Company”) announced today that it has formed a strategic alliance with Bank Islam Malaysia Berhad (“Bank Islam”) to be its first distribution partner. Through this collaboration, AIIMAN’s suite of Shariah-investment funds will now be available through Bank Islam’s distribution channels.
Akmal Hassan, Managing Director of AIIMAN said, “By joining forces with Bank Islam, AIIMAN gains a trusted ally in expanding the reach of our wealth solutions to a broader investor base especially the retail segment. Bank Islam brings a breadth of experience in the Shariah financial industry as well as a strong distribution network, making them an ideal partner to distribute our funds especially as demand for Shariah-compliant and sustainable funds grow amongst investors.”
“With increasing discussions on the commonality between Shariah and Environmental, Social and Governance (ESG) principles, we see demand for values-based funds commanding a broader appeal as investors seek to align their investment objectives with that of their principles and beliefs. Hence, our strategic alliance would seek to complement this broader trend to deliver better investment outcomes and promote the growth of Shariah and sustainable investing in the industry.
“Today also marks a significant milestone for AIIMAN itself as we seal our first distribution partnership with an Islamic banking Institutional Unit Trust Advisers (IUTA). This augurs well for AIIMAN’s vision towards becoming a one-stop Shariah-compliant investment solution provider as we broaden our reach and ecosystem.” Akmal said.
Mizan Masram, Bank Islam Group Chief Business Officer – Group Retail Banking, added, “The addition of AIIMAN onto our stable not only fulfil the Bank’s 5-Year Strategic Business Plan, LEAP25, but also solidifies the foundation for Bank Islam’s Islamic Wealth Management’s open architecture model for years to come.”
“True to our vision of advancing prosperity for all, the Bank is committed to enabling products and services that lead to potentially more robust and sustainable investment outcomes. Through AIIMAN, we have identified several new products and services to be made available to our investors based on their risk appetite and investment goals,” he added.
To kick-off the partnership, AIIMAN will be onboarding three (3) of its core funds onto Bank Islam’s distribution platforms, namely:
- Aiiman Global Equity Fund which invests into a globally diversified portfolio of Shariah equities
- Aiiman Asia Pacific (ex Japan) Dividend Fund which adopts a barbell strategy to invest into a basket of high-dividend yielding Shariah-compliant equities and another into future dividend leaders
- Aiiman Income Extra Fund which aims to provide investors with a steady income stream by investing in Sukuk, Islamic money market instruments and Islamic deposits
AIIMAN’s strong performance track record has garnered accolades and earned widespread recognition in the industry. Through an end-to-end Shariah platform, AIIMAN’s investment philosophy is anchored on delivering absolute performance through various market conditions with a clear focus on fundamentals, guided by valuation and technical factors. At the 2023 Professional Investment Awards by Insights & Mandate, AIIMAN bagged the ‘Best Islamic Fund House in ASEAN’ for the second consecutive year.
As at 30 June 2023, the total Assets Under Administration (AUA) of AIIMAN stood at approximately RM27.30 billion. The AUA comprises of assets under management, investment advisory, and those under distribution.
Akmal Hassan, Managing Director & Executive Director of AIIMAN Asset Management Sdn Bhd