Bank Muamalat's Unit Launches New Shariah-compliant Gold Investment Fund
KUALA LUMPUR, April 16 (Bernama) -- Bank Muamalat Malaysia Bhd’s wholly-owned subsidiary Muamalat Invest Sdn Bhd has launched a new Shariah-compliant gold investment fund, the Muamalat-i Gold Fund (MiGOLD).
In a statement today, the bank said the fund invests in gold-focused exchange-traded funds (ETF) and collective investment schemes (CIS), ensuring flexibility in gold storage and liquidity management.
“MiGOLD stands out with its innovative structure, offering more than traditional gold investments by integrating a diversified portfolio.
“This approach provides investors with exposure to Shariah-compliant equities listed on Bursa Malaysia and fixed income securities from companies in the gold and precious metals sector, delivering a balanced strategy for wealth preservation and sustainable growth,” it said.
It said the fund is designed to provide a safe, ethical and stable avenue for wealth creation by tapping into gold’s proven track record of growth and stability.
Bank Muamalat president and chief executive officer Khairul Kamarudin said the bank is confident that MiGOLD would meet the increasing demand for investments aligned with Islamic principles while providing a robust opportunity for long-term wealth creation.
“MiGOLD represents our ongoing efforts to deliver ethical, transparent, and value-driven investment opportunities.
“This fund is more than just a gold investment -- it is a testament to our mission of creating ‘Better Lives, Together’ through financial stability and sustainable growth,” said Khairul.
As a background, pooled investments under CIS are regulated by the Securities Commission Malaysia (SC).
As a type of CIS, an ETF is defined as a listed index-tracking fund structured as a unit trust scheme or any other approved structures whose primary objective is to achieve the returns that correspond to the performance of a particular index.
-- BERNAMA